- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
A research consortium established in 1968 to link together several national econometric models to produce a macroeconometric model of the world economy. Today the project includes models of 78 countries.
Industry:Economy
1. Without any adjective, or as "import protection," this refers to restriction of imports by means of tariffs and/or NTBs, and thereby intended to insulate domestic producers from competition with imported goods. 2. As "IP protection," or "intellectual property protection," this refers to enforcement of intellectual property rights by granting patents, copyrights, and trademarks and by prosecuting those who violate them.
Industry:Economy
Advocacy of protection. The word has a negative connotation, and few advocates of protection in particular situations will acknowledge being protectionists.
Industry:Economy
A general term encompassing both the spending by government and the methods used to pay for that spending, especially taxation and borrowing.
Industry:Economy
A good that is provided for users collectively, use by one not precluding use of the same units of the good by others.
Industry:Economy
A high tariff the purpose of which is to inflict harm on a foreign exporter as punishment for some previous behavior.
Industry:Economy
1. The equality of the prices of a bundle of goods (usually the CPI) in two countries when valued at the prevailing exchange rate. Called absolute PPP. 2. The equality of the rates of change over time in the prices of a bundle of goods in two countries when valued at the prevailing exchange rate. Called relative PPP. Implies that the rate of depreciation of a currency must equal the difference between its inflation rate and the inflation rate in the currency to which it is being compared.
Industry:Economy
A theory of the exchange rate that the rate will adjust to achieve purchasing power parity, in either its absolute or its relative form.
Industry:Economy
