Economic Growth Essay

There are different drivers of economic growth into country and research has to some extent also demonstrated that it can be associated with typical characteristics of the country too. Explaining economic growth through a relatively new theory of endogenous growth suggest that policy measures, if taken properly, can result into long term benefits for the country and that the country does not necessarily need to rely on the external or exogenous factors such as technological innovation. The neo-classical models of growth advocated that in order to attain a consistent long term economic growth, a consistent change into the technological advances such as new processes, new goods and new markets etc must take place. (Aghion et. al, 1998). It has always been believed that high investment and saving rates in any country tend to sustain high economic growth in that country and that coupled with relatively stable economic outlook, a higher saving rate can significantly result into greater economic growth because a larger pool of funds will be available to the firms, in the shape of household savings, that can be utilized to the best possible efficiency. It is also imperative to discuss here that the trends of saving markedly differ in developing as well as developed countries as developing countries tend to have high saving rates due to relatively smaller propensity to consume of the general masses. Since developing countries do no possess the strong manufacturing base therefore consumption tends to be relatively low as compared to the developed countries and people prefer to save rather than spend. (Aghevli, at. al, 1990) One of the most important aspects of economic growth is how the saving rates in a country shape and how they with respect to the different economic variables. However, over the period of time, research has also demonstrated that saving rates show a correlation with different economic variables in any given country. Though the same characteristics may be find over some regions however it is still believed that country’s individual characteristics such as demographics, rule of law, public finances, also show some relationship with the saving rates. It has been also successfully demonstrated that the saving rates are uneven across the countries confirming to the argument that saving rates respond to certain characteristics which may be typical of that country or region however in a study conducted by Hondroyiannis (2006) suggested that â€Å"A long-run saving function sensitive to dependency ratio, old dependency ratio, liquidity, public finances, real disposable income growth, real interest rate and inflation is found to exist†(Hondroyiannis,2006) in European countries. Thus, to some extent, it can be easily inferred that the saving rates in a particular country or a region show some related characteristics and tend to get affected by different so called country specific characteristics however the impact is in long run with little or no impact been witnessed on the short run saving rates within any country. One of the most interesting findings of the research also suggest that the government savings, in any particular country, are not particularly exogenous in nature and respond to the political as well as economic determinants of the country. (Edwards,1996). This cross country analysis conducted by Edwards strongly suggested that public savings in countries with higher degree of political instability are lower than the countries with relatively stable political situation at hand. References 1. Philippe Aghion, Peter Howitt, Maxine Brant-Collett, Cecilia Garcia-Penalosa (1998). Endogenous Growth Theory. New York: MIT Press. 694. 2. George Hondroyiannis. (2006). Private saving determinants in European countries: A panel cointegration approach . The Social Science Journal. 43 (4), 553-569 . 3. Sebastian Edwards. (1996). Why are Latin America’s Savings Rates So Low? An International Comparative Analysis. Journal of Development Economics,. 51 (1), 5-44. 4. Bijan B. Aghevli, James M. Boughton, Peter J. Montiel, Del Villanueva (1990). The Role of National Saving in the World Economy. New York: International Monetary Fund. 64.

Car Insurance Database

This task is related to creation and update of database which is going to contain the data of an insurance company. The database is developed in MS-Access. In order to create the database in MS-Access, the first step is to create the database from file menu of the MS-Access and provide any suitable name (e. g. the name chosen for this project is vechicle_insurance). The next step is to use the query option and execute the queries one by one (the queries are available in this document).All the queries provided in the document are compatible with MS-Access. Six tables are created by the Data Definition Language (DDL) query and the data is inserted into the table by the insert query or Data Modification Language (DML). In addition to DDL & DML, browse, search and update queries are also provided in this document. In the following section, Data dictionary is provided which is a mapping of the fields with the data type.The Entity-relationship (ER) diagram is provided on a separate documen t which shows the relationship amongst all six table tables and how they are connected to each other. In the ER diagram, Id is primary key for each table. All the tables are normalized to 3rd form of the normalization. Data Dictionary There are six tables in vehicle insurance database. Each table contains certain number of fields. Each field gives the information of related table.

Qnt565

University of Phoenix Material – Sonya Cargill 11/12/12 Week Five Calculations Read the following scenarios, and answer the accompanying questions. 1. Statistics students were asked to fill a one-cup measure with raisin bran, then tap the cup lightly on the counter three times to settle the contents. If necessary, they were instructed to add more raisin bran to bring the contents exactly to the one-cup line, then spread the contents on a large plate, and count the raisins.The 13 students who chose Kellogg’s Raisin Bran obtained the results shown below: 23334436294231336136342324 †¢ Calculate the mean, median, and mode. Is the distribution skewed to the left or to the right? Mean: 34. 5, Mode: 23,33,36, Median: 33 The mean is greater than the median†¦. therefore the distribution should be skewed to the right. †¢ Which is the best measure of central tendency and why? Mean – the data doesn’t have any real outliers and is roughly symmetric. Calc ulate the standard deviation. Why is there variation in the number of raisins in a cup of raisin bran? Why might it be difficult for Kellogg’s to reduce variation? Standard deviation is: 10. 3087.The variation in the number of raisins in a cup of raisin bran could be a result the size flakes or possibly the size of the raisins that may skew the numbers from being equal. 2. The following are monthly rents paid by 30 students who live off-campus. 730730730930700570 901030740620720670 560740650660850930 600620760690710500 730800820840720700 †¢ Find the mean, median, mode, and standard deviation. Mean: 725 Mode: 730 Median: 720 Standard Deviation: 114. 28 †¢ Describe the typical rent paid by a student. 720 †¢ Do the measures of central tendency agree? Explain. Yes, they are pretty close to each other (mean, mode, median) in range. †¢ Are there outliers or unusual data values? No †¢ Do you think the data could come from a normal population? Yes

The Concept of Communicative Action Essay Example | Topics and Well Written Essays - 1750 words

The Concept of Communicative Action - Essay Example Knowledge-Constitutive Interest - a function of the objectively constituted problems of the preservation of life that have been solved by the cultural form of existence. Cognitive Interest - the relationship or the conforming of motivation and cognition. Knowledge and interest are essentially united. technical interest natural science practical interest human science emancipatory interest critical theory The technical interest relates to the human need to control nature for survival. Labor fulfills this need. Modern science and cost-benefits rationally serve this interest. The practical interest is the interest in human communication, interaction and common life. The discipline of psychology and psychoanalysis is needed. Emancipatory interest is the idea that knowledge must enhance man's freedom and improve human life by emancipating man from oppressive forces, be it in the field of politics, psychology, ideology, etc. The unit of knowledge and self-interest The achievements of the transcendental subject have their basis in the natural history of the human species. Knowledge equally serves as an instrument and transcends mere self-preservation Knowledge constitutive interests take the form in the medium of work, language and power. In the power of self-reflection, knowledge and interest are one. The unity of knowledge and interest proves itself in a dialectic that takes the historical trace of suppressed dialogue and reconstructs what has been suppressed. Approaches in the philosophy of Language The traditional way - it is characterized as interpreting language through the use of etymology, and understanding the application of language in a specific group The method of... Habermas focused his attention on epistemology, i.e. how knowledge is related to and affected by the interests of the knower. Habermas became critical of empiricism and positivism because of their assumptions and presuppositions deduced from practical interests in historical and social conditions. Habermas was influenced by Freud in trying to bring knowledge and interest into harmony through self-reflection. Decisionism - is a viewpoint concerning the irreducibility of categoral value judgments to scientific knowledge, hence not by scientific method, but the expressions of personal and arbitrary decisions. Thus, value judgments by themselves are purely subjectivistic. For Habermas, the above viewpoints of Weber are reductionist and limiting. Science (physical science) is not the only agency to have accurate and valid knowledge. There are limitations into it so with human sciences. Emancipatory interest is the idea that knowledge must enhance man's freedom and improve human life by emancipating man from oppressive forces, be it in the field of politics, psychology, ideology, etc. For Habermas, methodological scientific approach in the social sciences may end u

EIP assignment shopaholic Example | Topics and Well Written Essays - 1750 words

EIP shopaholic - Assignment Example Contemporary culture manifests a shopaholic as a maniac whose behavior is irrational. The research seeks to find out whether a shopaholic is really an irrational character. This is possible through examining the factors that re responsible for the making of a shopaholic. Since this is a social issue, the research shall only deal with secondary data. This is because secondary data is highly likely to employ qualitative analysis in assessing such a phenomenon. This occurs because such an issue requires multiple perspectives in drawing a conclusion. Secondary data, in this sense, traverses articles and books assessing the issue in terms of sociological, economical, business, and psychological perspectives. Secondary data will seek to inform the audience whether excessive shopping is a natural behavior or whether the same is an irrational habit. In turn, the data analysis shall occur qualitatively. This book seeks to analyze the predispositions for shopping as well as provide solutions for the behavior. In this sense, the author examines compulsive buying as a problem rather than as a mere phenomenon. The author explains shopping mania as a habit that develops to cure a different psychological need rather arise to satisfy the actual need of shopping. The text, therefore, manifests over-shopping as a means of distracting oneself from dealing with an essential emotional need such as love. Alternatively, it could be a means of gaining the attention of others if the involved person feels that others do not care about one. Besides, over-shopping could be a product of low self-esteem if the victim engages in impulsive purchases to feel important about oneself (Benson 14). The book, therefore, recommends mindful shopping as a means of countering this problem. It highlights the essence of financial security as a means of leading an enjoyable life in the end. The book entails the philo sophical arguments of merging the

Personal Statement for scholarship Essay Example | Topics and Well Written Essays - 250 words

Personal Statement for scholarship - Essay Example During the period I was in college, I realize how much I wanted to further my education and on completing my associate degree, I enrolled at Ashford University for Bachelor’s degree in Psychology with a Minor in Childhood. As I studied at Ashford University, my craving for more education kept growing and I realized that I wanted more education. Being a wife to a military man for the last 25 years helped me realize the much psychological help need by military families and I felt that I needed more education to be able to provide that help. That is when I decided I needed to enroll in Walden University in the coming year to obtain Master’s in Mental Health Counseling with specialization in Trauma and Crisis Counseling. After completing my master, I plan to obtain a Doctorate degree in Psychology. This will give me great joy since I will have kept my promise to my mother and achieved my dream of offering psychological help to military families. My goal is to become a Military Family Life Consultant (MFLC), a program run by Military One Source and provides counseling to military families particularly in times of distress. Irrespective of my great desire to pursue Master’s degree, it will hard for my husband and me to fund my studies considering that I am still paying for my bachelor degree. That is why I decided to apply and hope to be awarded this Education Debt Reduction scholarship to help me achieve my dream. While I continue seeking for other scholarships, Education Debt Reduction scholarship will be profoundly

Travel and Tourism Coursework Example | Topics and Well Written Essays - 500 words

Travel and Tourism - Coursework Example Among the cities that developed include; Bath, Buxton, Harrogate and Cheltenham. These cities were the most admired in the early 18th century (Cockrell and Trew, 2003, p. 25) Bath as a city was the representative city with a striking social and urban development of hot springs in England. Bath now had become famous and had developed from a small spa provincially to the most adorable place, outside London. The spa was famous for its healing powers. Bath became a valley of treasure to most people. People from different societies came to drink waters and enjoy the unique society, shop and even gamble (Billy, 1967, p. 45). While there was beneficial and healing properties of the waters of bathe. People did not mind about the modesty and decency depicted by the use of the waters. Individuals of both sexes male and female always bath by day and were naked. In the early 18th century, new private baths were built to cater for this situation. There was now a portion of the female and another one for males, and they no longer had to bath together. There was also the development of the National Health Service which was responsible in providing water treatments on prescription (oppapers, 2012, p.2) According to Chandra, (2009, p. 12) in 19th century seaside resorts had developed and had overtaken the most admired spots to visit. These resorts offered attractions that reflected the fitness obsessions and spiritual fulfillment of different individuals in the society. Most resorts had a theme running from religious virtues to retreats that were meditative. The seashore was also a relief to the invalid, but mostly it was used for recreational purposes. The earliest visitors could drink and not bathe in the water. Some small fishing resorts also developed in England as a result of those visitors who sunk themselves deeply into the sea water (Altman, 1945, p. 12). The sea side resorts became popular and gradually became the social meeting points. The number of