...Does the "New Economy" Measure up to the Great Inventions of the Past? Robert J. Gordon Stanley G. Harris Professor in the Social Sciences, Northwestern University Research Associate, National Bureau of Economic Research April 28, 2000 draft of a paper for the Journal of Economic Perspectives _____________________ This research is supported by the National Science Foundation. I have benefitted from discussions on these topics with many people, especially Erik Brynjolfsson, Joel Mokyr, Jack Triplett, and the late Zvi Griliches. "The invention of the semiconductor transistor set in motion a technological revolution that is arguably even more impressive and pervasive than that of the Great Industrial Revolution of the last century." -- Flamm (1997, p. 1) "The chip has transformed us at least as pervasively as the internal-combustion engine or electric motor" -- Fortune magazine, June 8, 1998, pp. 86-87. The miracle of U. S. economic performance in the late 1990s was a source of pride at home, of envy abroad, and of puzzlement among economists and policymakers. 1 The Federal Reserve presided over rates of output growth believed only a few years earlier to be unachievable even for a few quarters, much less over the four glowing years 1996-99. As the unemployment rate inched ever lower, the Fed reacted with benign neglect, so that early in the year 2000 short-term interest rates were no higher than they had been five years earlier and long-term interest rates were considerably...
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...India India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 17% of the GDP and employed 49% of the total workforce in 2014.[113] As the Indian economy has diversified and grown, agriculture's contribution to GDP has steadily declined from 1951 to 2011, yet it is still the largest employment source and a significant piece of the overall socio-economic development of India.[114] Crop yield per unit area of all crops has grown since 1950, due to the special emphasis placed on agriculture in the five-year plans and steady improvements in irrigation, technology, application of modern agricultural practices and provision of agricultural credit and subsidies since the Green Revolution in India....
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...Economy of India From Wikipedia, the free encyclopedia Jump to: navigation, search Economy of The Republic of India | Mumbai, financial center of India | Rank | 10th (nominal) / 3rd (PPP) | Currency | 1 Indian Rupee (INR) () = 100 Paise | Fiscal year | 1 April – 31 March | Trade organizations | WTO, SAFTA, G-20 and others | Statistics | GDP | $1.843 trillion (nominal: 10th; 2011)[1]$4.469 trillion (PPP: 3rd; 2011)[1] | GDP growth | 6.9% (2011-12)[2] | GDP per capita | $1,527 (nominal: 135th; 2011)[1]$3,703 (PPP: 127th; 2011)[1] | GDP by sector | agriculture: 18.1%, industry: 26.3%, services: 55.6% (2011 est.) | Inflation (CPI) | 6.89% (March 2012)[3] | Population below poverty line | 37% (2010) (Note: 42% live less than $1.25 a day)[4] | Gini coefficient | 36.8 (List of countries) | Labour force | 487.6 million (2011 est.) | Labour force by occupation | agriculture: 52%, industry: 14%, services: 34% (2009 est.) | Unemployment | 9.8% (2011 est.)[5] | Average gross salary | $1,330 yearly (2010) | Main industries | telecommunications, textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals | Ease of Doing Business Rank | 132nd[6] (2011) | External | Exports | $303.7 billion (2011 est.) | Export goods | petroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel | Main export partners | US 12.6%, UAE 12.2%, China 8...
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...Types and Uses of Renewable Energy and Their Influences DeVry University LAS-432 Professor Anthony Baker Team E Vincent Murr, Alisia Ngo, Mark Pick, Kristine Reed & Venrick Richards 02/25/14 Contents Introduction-Alisia Ngo 3 The Uses and Science of renewable Energy 7 History of Renewable Energy- Vincent Murr 10 Political Influence-Vincent Murr 15 Impact on the economy – Mark Pick 20 Cultural Issues-Kristine Reed 31 Environmental Effects- Kristine Reed 34 Moral and Ethical Concerns-Venrick Richards 38 Conclusion-Venrick Richards 46 References 50 Introduction-Alisia Ngo Throughout the 20th and 21st century, fossil fuels such as coal, petroleum, and natural gas have been essential to our way of life. In the past several decades scientists have warned that coal and oil have been diminishing and that it could take thousands of years for the earth to replenish what we have already used. With that being said finding other resources of energy is crucial to the conservation of our way of life as we know it. Evidence has shown that the U.S. relies heavily on oil, coal, and natural gas for its energy. So finding new ways to substitute these sources of energy through renewable energy like wind, and sunlight needs to be a high priority for local and state governments nationwide. In this paper I will explain why the need for renewable energy is so important to the environment and our way of life. I will speak specifically on the many types of renewable...
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...Political Factors - Governments controlling world hydrocarbon reserves → significant impact - OPEC controlling 75.5% of world reserves → highly influential - Political risks: Instability, expropriation/nationalization of property, terrorism, civil conflicts, strikes, wars, etc. → adverse effect - Environmental treaties (Kyoto protocol) → negative impact Economic Factors - Interdependence between world economy and oil industry: economic growth → growing demand for oil; but also: continual supply of oil at reasonable prices → stable economy - Inelastic demand → positive effect - US dollar (and US economy) →significant impact - Exchange rates → impact on buyers and suppliers Socio-cultural Factors - Values and beliefs shape preferences for energies → energy mix changing towards greener energies - Need for companies to show social responsibility → supporting sustainable human development through investments in education, training, social and environmental activities Technological Factors - Extremely technology-driven: improved upstream technologies →better recovery of hydrocarbon, recovering oil from reserves considered exhausted → improved profitability (gains) - Breakthrough technology in ultradeep-water extraction →competitive advantage for Petrobras - Advanced technology → profound impact on long-term sustainability . Industry Competition Analysis (Porter’s five forces) In order to create a profitable competitive strategy, a firm must first examine the basic competitive...
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...NATURE OF MAN HISTORY AND PHILOSOPHY OF SCIENCE IN 10 MODULES E. Kolawole Ogundowole, Ph.D., D.Sc. Professor & Head of Philosophy Department University of Lagos. Akoka, Lagos. Nigeria Correct Counsels Limited Research. Counselling. Publishing. Book Supply First published 2003 Correct Counsels Ltd. P. O. Box 53 Akoka, Lagos. C E. Kolawole Ogundowole, 2003 ISBN: 978 -37004 - 0 – 5 This book is copyright. All rights reserved under the Copyright La Enquiries should be addressed to the Publishers. Printed in Nigeria by: Mustard Press Enterprises 16, Ogundola Street Sungas-BAriga. PREFACE A few words about the overall objectives of the course is appropriate as a starting point. Historically, philosophy was the first form of theoretical knowledge. As a rational theoretical tool of comprehending the world, philosophy arose in ancient Greece in stiff battle with mythology and religious consciousness. It came out to lay the foundation for the evolvement of scientific consciousness and the emergence and development of the sciences - Mathematics, Astronomy, Physics, Chemistry, Biology, etc. In an environment rife with various and varying superstitions and myths, the study of the History of Science and Philosophy of Science becomes crucial, lest science itself falls within the ambit of mythology and superstition and becomes another form of myth even in the hands of the tutored. The study of the History of Science...
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...One of the greatest scientist of our time, Nikola Telsa, he is rank as one of the top three greatest mind of our time. He gave us many of the electrical items that are used in our everyday life’s. Yet for the most part many individuals are unaware of who he is and his inventions. The misconception is that Thomas Edison was responsible for all the electrical devices that we know today, when the individuals who deserve the credit is Nikola Telsa. Some of his most fashion works includes the polyp hate motors, wireless energy transmission and the universally employed alternating current, most commonly known as AC Current. Nikola Telsa was born on July 10th 1856, in Smiljan,lIka part of Austro-Hungarian Croatia. He was the fourth of seven children. In Crotia when Telsa was a young boy the choices or career were more or less limited to farming, the Army or the Church. Telsa’s Dad Miltutin Telsa as a boy was send to Army Officer’s school. He decided that this wasn’t the path for him and joined the ministry. This was the same profession he hoped for his two sons, Nikola and Dane. His mother Duka Mandic was a hard working woman of many talents who created appliances to help with home and farm responsibilities. One of these was a mechanical eggbeater. Tesla attributed all of his inventive instincts to his mother. Nikola started his inventory ways at the name of five. His very first invention was of a small waterwheel which he had seen in his local town. Some of his other...
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...Abstract The aim of this work is to look into urbanization trend in Pakistan and its socio-economic implications. The study would examine the effectiveness of a range of remedies applied in Pakistan, and as to how other countries are dealing with the problems arising due to urbanization. Based on analysis of the case of Pakistan and cross-country experiences, an attempt will be made to suggest remedies based on regulatory framework and various economic instruments to resolve the urbanization related issues. Urbanization is generally considered as a means and an end towards development. In Pakistan as well, the transition of a substantial portion of population to a largely urban population and the development of mega-urban regions/centers is being viewed as an engine of economic growth in the Government’s ‘New Growth Framework’. The success of this Growth Framework depends, to a large extent, on the speed with which the urban centers are transformed into dynamic, knowledge-based, productive, healthy and efficient centers. Urbanization is the process of a country becoming more industrialized from a previously agricultural dominated society; it is a cyclical process involving three essential aspects: behavior, structure and demography. Table of Contents Chapter Page 1. Introduction • Urbanization...
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...in partial fulfillment for the requirement of the Two Year (Full-Time) Post Graduate Diploma in Management. Rajshree Gupta Prof. S. K. Jain TABLE OF CONTENTS Sr.No. Particulars PREFACE 1. INTRODUCTION 1.1 Rooftop PV Systems : An Introduction 1.2 Overview of the Global and Indian Experience Initiatives 1.3 Central initiatives State Initiatives 2. OBJECTIVES OF THE STUDY LITERATURE REVIEW 3. 4. METHODOLOGY & KEY ELEMENTS 5. IDENTIFICATION OF THE SHIFT 5.1 Why Solar makes sense SOLAR RESOURCE AVAILABILITY IN 6. DELHI Delhi’s Geographic Potential for Rooftop 6.1 Installations Methodology for calculating the solar rooftop 6.2 potential for different land areas in Delhi 6.2.1 Residential Buildings 6.2.2 Commercial Buildings 6.2.3 Industrial Buildings 6.2.4 Government Buildings 6.3 Consumer Categories for solar PV Factors that could impact the potential for 6.4 Rooftop Solar 6.4.1 Factors that could increase the potential 6.4.2 Factors that could decrease the potential 6.5 Delhi’s Existing Solar Policies and Incentives INTEGRATION OF SOLAR PV WITH THE 7. GRID (PROPOSAL) Case Study: Gandhinagar solar rooftop program 7.1 (2012 and on-going) 7.2...
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...artificially raised by humankind at an ever-increasing rate since the past 250 years. As of 2004, over 8 billion tons of carbon dioxide was pumped out per year; natural carbon sinks such as forests and the ocean absorbed some of this, while the rest accumulated in the atmosphere. Millions of pounds of methane are produced in landfills and agricultural decomposition of biomass and animal manure. Nitrous oxide is released into the atmosphere by nitrogen-based fertilizers and other soil management practices. Once released, these greenhouse gases stay in the atmosphere for decades or longer. According to the Intergovernmental Panel on Climate Change (IPCC), carbon dioxide and methane levels have increased by 35 and 148 percent since the 1750 industrial revolution. Paleoclimate readings taken from ice cores and fossil records dating back to 650 000 years show that both gases are at their highest levels. Thermal radiation is...
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...AP EUROPEAN HISTORY NOTES- Filled with silliness and inside jokes, enjoy at your leisure :) If something is in [] brackets, it is only written in there for our pleasure, ignore it if you are looking for actual information. Key: • 7: The Renaissance and Reformation- 1350-1600 UMSUniversal o Georgio Vasari- Rinascita=rebirth (like Renaissance) painter/architect Male Suffrage o Individualism: People sought to receive personal credit for achievements, unlike medieval ideal of “all glory goes to god” Names Ideas o Renaissance: Began in Italian city-states, a cause de invention of the printing press, laid way for Protestant Reformation Events Books/Texts Italy: City states, under HRE (Holy Roman Empire) o For alliances: old nobility vs. wealthy merchants FIGHT P-Prussia Popolo: third class, “the people”, wanted own share of wealth/power R-Russia A-Austria Ciompi Revolts: 1378 Florence, Popolo were revolting [eew], brief period of control over government B-Britain Milan taken over by signor (which is a tyrant) • o Under control of the Condottiero (mercenary) Sforza- Significant because after this, a few wealthy families dominated Venice (e.g. Medici) Humanism: Francesco Petrarch (Sonnets), came up with term “Dark Ages”, began to study classical world of rhetoric and literature Cicero: Important Roman, provided account of collapse of Roman Republic [like Edward Gibbon], invented Ciceronian style: Latin style of writing...
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...HIST Y AN PHILO PHY TORY ND P OSOP Y OF S ENCE SCIE E COMM MON CO OURSE IN ENG E GLISH BBA (I Seme A ester) BA/BS (IV Se Sc emester) 2011 A dmission onwards o UNIV VERSI ITY OF CAL F LICUT SC CHOOL OF DI L ISTANC EDU CE UCATIO ON Calicut Universi P.O. M ity Malappur ram, Kera India 673 635 ala, a 106 School of Distance Education UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION BBA (I Semester) BA/BSc (IV Semester) Common Course in English 2011 Admission onwards HISTORY AND PHILOSOPHY OF SCIENCE MODULE I & II Prepared by : House No. 21 “Pranaam” Keltron Nagar, Kolazhi, Thrissur Ms. GAYATHRI MENON .K MODULE III & IV Prepared by: Ms. SWAPNA M.S. Department of English K. K. T. M. Govt. College Pullut, Thrissur Dr. Anitha Ramesh K Associate Professor Department of English ZG College, Calicut © Reserved 2 Scrutinised by : Layout: Computer Section, SDE History and Philosophy of Science School of Distance Education Contents MODULE I ANCIENT HISTORY OF SCIENCE 1. Introduction 2. Origins of Scientific Enquiry 3. European Origins of Science 4. Contributions of Early India 5. Science in China 6. The role of Arabs in the History of Science MODULE 2 7. Science in the Middle Ages MODULE 3 MODERN SCIENCE 8. Newton and After 9. The Advancing Frontiers: Modern Medicine to Nanotechnology MODULE 4 PHILOSOPHY OF SCIENCE 10. Basic concepts in the Philosophy of Science 11. Some Issues in the Philosophy...
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...Europe’s energy security: challenges and opportunities GAWDAT BAHGAT Several geopolitical and economic developments in the first decade of the twentyfirst century have heightened Europe’s sense of vulnerability in respect of its energy supplies. On the supply side of the energy equation, the continuous fighting and rising ethnic and sectarian tension in Iraq, and the diplomatic confrontation over Iran’s nuclear programme, have intensified concern over the stability of supplies from the Persian Gulf. On the demand side, China’s and India’s skyrocketing energy consumption and their efforts to secure supplies have intensified global competition over scarce hydrocarbon resources. These changes in the landscape of the global energy market, in conjunction with diminishing refinery capacity, shrinking spare capacity and a low level of investment, have driven oil and natural gas prices higher. Currently, the European Union’s oil bill (for imported and domestically produced oil) stands at around €250 billion a year, or roughly 2.3 per cent of gross domestic product (GDP).1 These soaring prices have exerted tremendous pressure on European economies and underscored the need for a common European energy policy. The dispute between Russia and Ukraine over natural gas prices in January 2006 further highlighted the risks of dependence on a few energy suppliers. In early 2005 the Russian state monopoly, Gazprom, announced plans to start applying ‘market rules’ in its gas dealings with former Soviet...
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...Journal of Economic Perspectives- Volume Number1- Winter1994-pages 23-44 8, Endogenous Innovation in the Theory of Growth Gene M. Grossman and Elhanan Helpman C an economic growth be sustained in the long run? If so, what deter- mines the long-run rate of growth? Which economies will grow the fastest? And what kinds of policies can governments use to accelerate advances in living standards? These questions were central for those who studied growth in the 1950s and 1960s, and remain so in the recent revival of interest in long-run economic performance. Two observations have motivated many of the recent contributors to growth theory. First, output expansion has outpaced population growth in the 200 years since the industrial revolution. Second, different countries have remained on seemingly disparate growth paths for relatively long periods of time. Related to this second observation is another: in cross-section and timeseries data, we find national and regional growth rates correlated with a variety of economic, social, and political variables, including many that are affected by government policies. These observations have led the current generation of growth theorists to formulate models in which per capita income grows indefinitely and long-run performance reflects structural and policy parameters of the local and global economy. With this apparent similarity of intentions, recent research efforts have headed in several different directions. One strand of theory...
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...suppliers are growing fish twice as fast as they grow naturally, cutting their feed allotment by nearly half and raising them on special diets. 2. Organized in 1966 by the Fish and Wildlife Service, the Breeding Bird Survey uses annual roadside counts along established routes to monitor changes in the populations of more than 250 bird species, including 180 songbirds. 3. Less than 35 years after the release of African honeybees outside Sao Paulo, Brazil, their descendants, popularly known as killer bees, had migrated as far north as southern Texas. 4. Excited about the prospects of harnessing Niagara Falls to produce electric power, Nikola Tesla, the inventor of alternating current, predicted in the mid-1890's that electricity generated at Niagara would one day power the streetcars of London and the streetlights of Paris. 5. The airline company, following through on recent warnings that it might start reducing service, announced that it was eliminating jet service to nine cities, closing some unneeded operations, and grounding twenty-two planes. 6. The list of animals that exhibit a preference for using either the right or the left hand (i.e., claw, paw, or foot) has been expanded to include the lower vertebrates. 7. Obtaining an investment-grade rating will keep the county's future borrowing costs low, protect its already-tattered image, and increase its ability to buy bond insurance. 8. The Achaemenid Empire of Persia reached the...
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