Long-run comparative economic performance

Assignment Help Business Management
Reference no: EM131191862

In 1861 many southern US states seceded and formed the confederacy. Treat the North and South as two separate countries,and analyzethe effects of thesecession and the Civil War using the Solow model. Suppose that the rate of population growth is the same in the North and South, but the North had a higher rate of productivity growth and a higher savings rate.

(a) What does the model predict about the long-run comparative economic per-formance (both levels of output and growth rates) of the North and South?

(b) During the Civil War, much of the capital stock in the South was destroyed, and after the war the country was reunited. Suppose that after war the whole US had the same (high) TFP growth and savings rates that were predominant in the North. What does the model predict about the comparative economic performance (both levels of output and growth rates) of the North and South after re-unication? Consider both the long run and transitional dynamics.

Reference no: EM131191862

Questions Cloud

How receptive you feel child was and why you feel that way : How receptive you feel the child was and why you feel that way. (If using one of the video options, state the reaction of the child upon being videotaped as you see it.)
Propose an activity and get instructor approval : Visit a museum or gallery exhibition or attend a theater or musical performance before the end of Week 10. The activity (museum or performance) should have content that fits our course well.
How many coins of each type did he have : Josh had $4.46 in pennies, nickels and dimes. He had 94 coins in all, and ten more nickels than dimes. How many coins of each type did he have?
Impact the distribution of income : The demand for a resource such as labor is often said to be a derived demand. What factors would influence the demand for labor? How does this impact the distribution of income? Your answer to this question should be about 500 words.
Long-run comparative economic performance : What does the model predict about the long-run comparative economic per-formance (both levels of output and growth rates) of the North and South?
What is the difference between a closed and opened system : What is meant by "administrative principals" and "administrative management"? Is this approach applicable to today? And, should it be? What is the difference b/w a closed and opened system? What are the implications for managers?
Determining the trends in sales : Based on the unit readings, your observations of your own firm, and any other resources, consider how the sales process is changing. There is no right or wrong answer to this question, rather consider your overall perspective of the current state ..
What do you believe have been the major changes in hrm : What do you believe have been the major changes in human resource management over the years? What circumstances or other intervening items or systems have caused those major changes to occur?
Prepare a digital communication plan for a hospitality : BSM 779: Digital Marketing and e-Commerce Group Report. The assessment gives the students the opportunity to demonstrate their ability to prepare a digital communication plan for a hospitality provider. It aims at verifying the students' ability to..

Reviews

Write a Review

Business Management Questions & Answers

  Global employee benefits at a glance

You have read and have a good understanding of the benefits and compensation packages provided to employees in the US. Now for this week, you are focusing on international HR benefits.

  Identify a tourism or hospitality enterprise

Identify a tourism or hospitality enterprise that you are familiar with (e.g. that you work for, or have a good understanding of its operations)

  Define a new opportunity and a new threat due to ecommerce

Select one of the five competitive forces in Porter's model. Define a new opportunity and a new threat due to ecommerce via the internet for a precise industry of your choosing.

  Discuss the elements of an implied contract

he catches Krunch’s eye, waves the candy bar at Krunch without saying a word and walks out. Is there a contract? If so, classify it within the categories. Discuss the elements of an implied contract.

  Critique the trends and issues in union membership

Critique the trends and issues in union membership that have led to the decrease of a represented workforce. Recommend the beginnings of a strategic plan that reduces the desire of workers to unionize.

  How mobile applications are helping in business growth

When ecommerce domain has gone fiercely competitive - how mobile applications are helping in business growth?

  Explanations provided by mcshane and von glinow

According to the explanations provided by McShane and Von Glinow (2013), explain and debate one of the opportunities and one of the challenges of globalization. Explain how workplace diversity might be related to globalization.

  Problem regarding the understand valuation models

Critique the statement: "No equity investor needs to understand valuation models because real-time market prices for equities are easy to obtain online."

  Amazon for violating its trademark

In March 2011, Apple filed a lawsuit against Amazon for violating its trademark. Why should Apple rigorously protect its "App Store" trademark?

  Determine how these pending issues will affect you

Looking ahead, speculate illustrate what the pending issues in business will be 15 years from today. Based upon your answer to the previous discussion, determine how these pending issues will affect you and illustrate what you can do to prepare.

  Operations in the pakistani soft drinks industry

Discuss TWO key issues that the company's management should take into account before developing operations in the Pakistani soft drinks industry

  Illustrate what are requirements for agency interns

Illustrate what are Requirements for agency interns. Are there any Ethical dilemmas that are faced by the specific services provided by this agency and Legal requirements placed on the agency.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd