Research Paper On Education And Economic Growth

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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.

  • Consumer Interest Rates and the Impact of the Federal Reserve System

    A 6 page economic analysis of how the Federal Reserve, the nation s central bank, affects interest rates in all areas of consumer activity and can either boost or hold back economic growth by means of interest rate manipulation. Though the Fed is interest rate charged to commercial banks, the discount rate, is the most visible means of economic manipulation, it is by no means the only one available. There are other avenues the Fed can choose, each with varied results but with the same overall effect that of controlling economic growth through interest rates. Bibliography lists 5 sources.

  • Case of Larson

    This 3 page paper looks at a case study of a firm operating in Germany and the US to assess potential future approaches to business in difficult economic climates and assesses production and pricing decision ands considers entering new markets. The bibliography cites 2 sources.

  • Economic Growth And Inflation

    A 4 page paper. The writer responds to this question: Should a country's economic growth rate be higher than its inflation rate? The essay discusses ideal growth rates, reports growth rates and inflation rates in the U.S. for 2006 and 2007 and discusses the growth and inflation rates in Vietnam. Bibliography lists 4 sources.

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