Sentences with phrase «economist measures of that growth»

Well, our economist measures of that growth rate were three times as fast between 1920 and 1970, as they have been in the 45 years since 1970.

Not exact matches

«While overall price growth slowed, gains in core price measures remained firm, leaving the Bank of Canada on track to lift interest rates two more times this year,» Alicia Macdonald, the Conference Board of Canada's principal economist, said in a statement.

The trend worries economists because new businesses play a vital role in creating jobs, improving productivity and spurring economic growth; some researchers believe the decline in entrepreneurship, and in other measures of economic dynamism such as labor mobility, could be part of the reason the U.S. has experienced such a slow bounceback from the past two recessions.

The part that is left over — that is, the part of economic growth that can not be explained by the accumulation of capital and labour inputs — is what economists call multifactor productivity (MFP), an index that is widely interpreted as a measure of technical progress.

The criticism of the GNP as a way of measuring desirable growth was sufficiently serious that discussions were held at the highest levels of government and two fine economists undertook to provide an alternate way of measuring growth.

We suspected that the decline in correlation of improvement in economic welfare and growth in market activity had continued, and we thought that using a widely recognized measure, developed by respected economists, would give some authority to the results.

In India's «ten percent economy» as economist C.T. Kurien calls it, 40 to 50 percent of people are living below the poverty line; and the present pattern of development through globalization with economic growth as the only criterion will lead to large - scale cuts in welfare measures and to the capital - intensive industries under the auspices of the multi-national corporations and consequently to more poverty and unemployment as it happened in Latin America.

Economists Eric Hanushek and Ludger Woessmann concluded that the two tests measure «a common dimension of skills,» and that the scores can be aggregated to form a single national - level indicator of cognitive ability predicting economic growth.6 Psychologist Heiner Rindermann referred to that common dimension as a «g - factor,» standing for general intelligence.

Bank economists praised the budget plan as feasible, but said if the economy worsened the government should be wary of more extreme austerity measures like those that have hammered growth in the United Kingdom and elsewhere.