Here is the synopsis of our sample research paper on Economics Questions. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 6 page paper answers a set of questions concerning macroeconomics. The first question uses the LR growth model to look at why developing economies are finding it difficult to catch up with the developed economies. The second question considers policies that New Keynesians may advocate in order to increase employment and growth. The third and forth questions look at approaches which may used to address unemployment and stabilization issues. The bibliography cites 5 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TELRquest.doc
Buy This Term Paper »
Unformatted sample text from the term paper:
developed counties. The LR model can be used to examine the way growth takes place, by looking at this the difficulties faced by developing countries may be appreciated. In the
LR model there are several ways in which growth in the GDP can take place. The first factor is changes in the employment (labor) market, where changes in the demand
or the supply may stimulate growth. Increasing the labor supply may help to increases growth. The increase may be achieved by decreasing taxes, this effectively amounts to a pay rise
for workers; as such they are likely to desire an increase in the number of hours they work; they become more available as they are gaining more remuneration (Nellis and
Parker, 2000). Government policy making unemployment less attractive may also increase labor supply, for example a cut in welfare benefits may push
more employees back into the workplace. The problems in the developing inability to use this are apparent, the welfare state is limited; so a push factor may not be effective.
These are also countries where tax revenues are limited there is a high level of informal work and tax cuts would have a minimal impact.
A shift in demand for labor may also stimulate growth increasing productivity, this may also occur as a result of investment in people, such as subsidies for
training or support for education, or the firms increasing their productivity by installing or using new technology, these alter aspects may also increase production even if there is not an
increase in labour. Capital investment, directly, or as a result of lowering corporate taxes or with tax credits may also serve as a stimulus (Baye, 2007).
...