Sentences with phrase «economic models because»

Scientific and engineering models may be have more forecasting ability than economic models because economic and financial future events depend on human action, and people do not always react the same way.

Maybe another House Committee should be set up to look at the economic modelling because aren't these assumptions part of the drivers of the GCM's?

Not exact matches

LONDON — One of the Bank of England's most senior policymakers has acknowledged that the central bank is unlikely to predict the next financial crisis or even the next recession in the UK because economic models are simply not good enough.

It's simple: academic economists have failed to allow for the possibility that our models are leading us astray because they are inadequate for current economic conditions.

Here is where Nelson, of St. John's, has a point (though he didn't actually make it): Economics is tough to apply to education because it uses an economic model not found anywhere else in the wild.

Overall, concluded political scientist Yun - han Chu, who studied Asian Barometer surveys about East Asians» commitment to democracy, «authoritarianism remains a fierce competitor of democracy in East Asia,» in no small part because of the influence of China's ability to foster economic success without real political change, providing an alternative model that is clearly visible to other East Asians, who travel to China, work with Chinese companies, buy Chinese products, and host Chinese officials.

In Budget 2010, the Department of Finance provided an estimate of the number of jobs created / maintained because of the Economic Action Plan, using the Department's Canadian Economic and Fiscal Model (CEFM)[1].

And it's just because the economic model works for the people who took you public and give you coverage to get a listing out there,» said Linton.

Private sector forecasters always forecast that the economy will recover strongly, partly because that is the way their economic models work, and partly because that is what their clients want to hear, including the Minister of Finance.

Likewise, recent estimates by the Tax Policy Center and the Penn Wharton Budget Model show that dynamic effects would marginally reduce the revenue loss in the first decade but significantly increase it over the long run because of the economic consequences of higher debt.

Knowledge of economic history is critical for good policy making because, as valuable as it is to understand models and theories, in real life policies have to be made in societies that are complex and have political and sociological considerations to take into account.

But because its governing interest is «religious,» theological schooling on the model of paideia has characteristically been disengaged from the public realm in the sense of the realm of political, social, and economic power, its arrangement and its management.

Because the economic and social world is so difficult to grasp schematically, to reduce to simple laws, the temptation is to take refuge in fictitious worlds, in models which have little to do with what can actually be observed but which lend themselves to endless mathematical refinement.

This definition is somewhat limited because it refers only to «real» property private property, but differing social & economic models have different ways of dividing the classes of property.

Obamacare is in trouble because it was based on a flawed economic model, as the skyrocketing premiums indicate.

Labour is not winning the economic argument because it is failing to come up with a credible alternative «growth model», a leading political academic has claimed.

Unfortunately, rules and regulations promulgated by the Obama Administration threaten American jobs and economic recovery, and cost billions while providing questionable benefits; yet these rules can not be properly evaluated because their underlying assumptions and projections are based on secret data and models hidden from the public.

In a way we mathematically benefit from our profound ignorance of the real economic web's detailed structure because it forces us to model the catalytic network as basically random.

They don't have a model for how «externalities», such as an ecological collapse, can lead to an economic collapse, because the basic factors are left out of the econometric models.

They're taking the position that theatrical doesn't matter because their economic model is built on that idea.

This way of thinking might be much more appropriate when it comes to analyzing current economic problems like the highly complex phenomenon of the financial crisis of 2008 than the former neoclassical models, because the latter seem in complete lack of practical applicability.

This is happening because computer - based learning possesses technological and economic advantages compared to the traditional school model.

Gender gaps in educational attainment, which are not unique to the United States, are more difficult to explain using conventional economic models than gaps based on socioeconomic status or race, because males and females grow up in the same families and attend the same schools.Recent evidence provides one possible explanation for the especially large gender gap in high school graduation rates among blacks and Hispanics.

Morris argues that they are outstanding successes in part because they're not overly reliant on a certain market model or particular school of economic thinking, but instead The Sages take a broader view and more commonsense approach.

I'm not wedded to this particular economic model; I'm just suggesting it because it seems to be working for music.

I'll note that if you follow my career at all, you'll have seen many many examples of me trying various economic models to see how they work, because I'm always interested in new ways to make money; some have worked, and some have not, and I generally share such information.

Because we want to invest in these companies for the long - term, three economic cycles, we want to make sure that our companies have long term, proven track record with time tested business model.

In economic modeling, many of the first steps in creating a model are symbolic anyway, so «growth rate,», «change in output», and «economic growth» are used interchangeably to describe changes in GDP because the values either aren't known, irrelevant until later in the project, or pulled from data that describes it using one or several of the previously stated terms.

by Rob Bennett The premise of the Buy - and - Hold Model is that price changes can not be predicted because they are determined by unforeseeable economic developments.

Nobody can really say what averting AGW will cost, because it is not possible to incorporate rate of improvement of technology into an economic model.

(In fact, I think most of the standard economic models probably under - estimate real costs because they assume efficient policies (e.g., a carbon tax coupled with a well - designed technology investment program).

Many economic models add further gross underassessment of risk because the assumptions built into the economic modeling on growth, damages and risks, come close to assuming directly that the impacts and costs will be modest and close to excluding the possibility of catastrophic outcomes.

Using that model, proposed environmental regulations such as cap - and - trade are unacceptable because of the potential short - term economic impact.

Because these types of distortions impose societal costs beyond those of a simple carbon tax, the economic impacts modeled here will, if anything, be lower than would actually occur in a regulatory scheme.

Economic modeling shows that about 60 % of the public, especially low - income people, would receive more money via a per capita 100 % dispersal of the collected fee than they would pay because of increased prices [241].

This is one area where there really isn't much hard data, because of a lack of reliability in economic models.

This is important because most don't realize the IPCC link scientific model outputs with economic model outputs to create the Special Report on Emissions Scenarios (SRES).

This is so because of the inertia of the climate system, of rapid projected economic growth in the near term, and of revisions in several elements of the model.

Integrated assessment models (IAMs) used by researchers today — where climate change data is integrated with economic data — are dangerously flawed because they are based on naïve assumptions, according to Kevin Anderson from the Tyndall Centre for Climate Change at the University of Manchester, UK.

Its author, Oren Cass, argues that the CPP imposes an implicit carbon tax of $ 30 per ton that would rise each year because that's what economic modeling in other contexts suggests would be required to achieve the CPP's target (a 32 percent emission reduction below 2005 levels).

Well... I guess this is just because when you pretend urging policy makers making decisions about climate evolution, with heavy political and economic consequences, those decisions being fully based onto climate models» outputs, then you have to prove that those climate models are able to faithfully simulate «real world climate».

Yet, model projections of future global warming vary, because of differing estimates of population growth, economic activity, greenhouse gas emission rates, changes in atmospheric particulate concentrations and their effects, and also because of uncertainties in climate models.

As with the global SC - CO2 estimates, the domestic SC - CO2 increases over time because future emissions are expected to produce larger incremental damages as physical and economic systems become more stressed in response to greater climatic change, and because GDP is growing over time and many damage categories are modeled as proportional to gross GDP.

At one point, there did seem to be a move within IPCC to have an economic modelling assessment parallel to the physics of climate assessment in WG I, but this fell apart because the people involved in the process seem to have become persuaded that the state of the art of economic modelling — or even the question of whether costs and benefits can be measured as money at all — were not up to the task.

Most models of economic impacts discount the effect of events in the distant future, because they can not be predicted as easily.

Moreover, the proponents of fast action hold that the damage from emissions may be much larger than the policy - ramp analyses suggest, either because global temperatures are more sensitive to greenhouse - gas emissions than previously thought or because the economic damage from a large rise in temperatures is much greater than the guesstimates in the climate - ramp models.

The economic model is better here because the equipment and the benefits are concentrated near the heavily populated capital region of Australia.

Because the models have been built to test man's possible impact on the climate via greenhouse gas emissions, they begin with an econometric forecast of world economic growth, and, based upon assumptions about fuel sources and efficiencies, they convert this economic growth into emissions forecasts.

I tried but wasn't able to figure out how to do this within traditional law firm structures because, candidly, the entrenched model of these structures presented too many economic and cultural impediments.

Eisai and Pfizer — which market Aricept — were unable to properly challenge NICE's decision because of the watchdog's refusal to allow access to the economic model, the court ruled.