Research Paper On Economic Growth Of Pakistan

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  • Solow's Growth Model and Economic Growth, Including Comparisons of Countries Along with 'The Golden Rule'

    This is a 9 page paper discussing Solow’s Economic Growth Model including country comparisons, formulas, stylized facts and “the golden rule”. Robert Solow’s economic growth model (1956) takes into account various important economic determinants of growth which include capital, labor, human capital, life expectancy, technology, trade and geography among other components which help to answer certain discrepancies which appear throughout the world economies today such as why some countries are rich and others poor; why some countries grow faster than others; how some countries manage to sustain economic growth; and why growth miracles and disasters can occur. Stylized facts included with Solow’s assumptions and model are those which have found that there are large variations in per capita income across economies; rates of economic growth vary a great deal across economies; growth rates are not constant over time; countries can move between being rich and poor; growth in output and trade are related among others. Solow’s growth model emphasizes all of the aspects of the importance of economic growth within a society. It also includes components of the supply and resources of a nation which can expand opportunity for a country’s production. Above all, savings are critical in that they must be high enough to replace the depreciated capital and also provide for the workers. Lower savings means lower worker productivity and lower living standards. The Solow growth model basically defines the conditions of different nations’ approach to an equilibrium level of capital stock (a steady-state). While developed nations such as the United States have reached this level of steady-state, other developing nations are still experiencing rising levels of high savings and rising capital/labor ratios. Bibliography lists 6 sources.

  • The Economy of Australia

    An 8 page paper discussing Australia’s economy. Australia’s real growth rate of 3.6 percent in 2002 could be the envy of all developed nations. Australia’s economy suffered the effects of the Asian currency crisis that began in 1997, and was plagued with reduced output and rising unemployment for several years. Those constraints seem to have abated in the current economic climate, however, as Australia continues to post pleasing economic results and impressive real growth. The paper discusses the contribution of agriculture, industry and services to GDP, along with examining the influence of geography on the economy. Bibliography lists 5 sources.

  • Pro Football and Risk Management

    A 12 page research paper evaluating two common, but fairly new, business risk factors as they relate to professional football: sustained slow economic growth and increased (intensive) competition. The paper points to the dangers and consequences of not performing risk management duties well enough to ensure continued profitability, and for not evaluating the impact of changing external factors on their supporting fans. Bibliography lists 8 sources.

  • History and Implications of Medicare's Managed Care

    A 5 page paper discussing the history of Medicare managed care, economic implications and outlook for the future. The paper focuses on the history of the Medicare managed care, which saw its greatest growth throughout the decade of the 1990s. Medicare managed care has as much difficulty as other types of HMOs, however, and many are ceasing operations. This leaves seniors in a pool of uncertainty as increasing numbers of physicians turn away Medicare patients. Bibliography lists 3 sources.

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