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Vittorio Corbo Corbo was also Senior Research Fellow at the Research Center for Economic Development and Policy Reform of the Stanford University in California (Summer 1999) and of the Research Department of the International Monetary Fund (Summers 2000 and 2003). He has worked in more than ten countries, lectured at s...
https://en.wikipedia.org/wiki?curid=4976689
Demerit good In economics, a demerit good is "a good or service whose consumption is considered unhealthy, degrading, or otherwise socially undesirable due to the perceived negative effects on the consumers themselves". It is over-consumed if left to market forces. Examples of demerit goods include tobacco, alcoholic b...
https://en.wikipedia.org/wiki?curid=4987382
Demerit good Simply, welfarism takes the individual's "own" perception of the utility of a good as the final judgement of the utility of the good for that person, and thereby disallows the concept of a 'demerit good' (while allowing the analysis of negative externalities). As an extreme example, if a heroin addict purc...
https://en.wikipedia.org/wiki?curid=4987382
Exit consent is a formal agreement that allows a majority group of creditors holding sovereign bonds to change the non-financial terms of the bonds in a way that makes the bonds effectively worthless for the minority holdouts, motivating them to accept a restructuring offer. Thus creditors willing to restructure can ou...
https://en.wikipedia.org/wiki?curid=4993855
Composition with creditors A Composition with Creditors is an agreement among several creditors of a debtor, usually a business. Usually, the agreement involves paying a lessened amount over a period of time.
https://en.wikipedia.org/wiki?curid=4994403
Microcap stock The term microcap stock (also micro-cap) refers to the stock of public companies in the United States which have a market capitalization of roughly $50 million to $300 million. The shares of companies with a market capitalization of less than $50 million are typically referred to as nano-cap stocks. Micr...
https://en.wikipedia.org/wiki?curid=5001901
Microcap stock Pricing is more likely to be inefficient, since fewer institutional investors and analysts operate in this space, due to the relatively small dollar amounts involved and the lack of liquidity.
https://en.wikipedia.org/wiki?curid=5001901
Excess burden of taxation In economics, the excess burden of taxation, also known as the deadweight cost or deadweight loss of taxation, is one of the economic losses that society suffers as the result of taxes or subsidies. Economic theory posits that distortions change the amount and type of economic behavior from th...
https://en.wikipedia.org/wiki?curid=5004491
Excess burden of taxation The standard position in economics is that the costs in a cost-benefit analysis for any tax-funded project should be increased according to the marginal cost of funds, because that is close to the deadweight loss that will be experienced if the project is added to the budget, or to the deadwei...
https://en.wikipedia.org/wiki?curid=5004491
Excess burden of taxation As a result of the taxes (and associated subsidies to the poor), incentives are changed for both groups. The relatively rich are discouraged from declaring income and from earning marginal (extra) income, because they know that any additional money that they earn and declare will be taxed at t...
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Excess burden of taxation Ideally, these taxes raise the price to the exact level that the market would bear if the negative externalities were included in the price. Pigovian taxes are often preferable to outright prohibition, since prohibition incites trafficking, often resulting in crime and other social costs, but ...
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Economic methodology is the study of methods, especially the scientific method, in relation to economics, including principles underlying economic reasoning. In contemporary English, 'methodology' may reference theoretical or systematic aspects of a method (or several methods). Philosophy and economics also takes up me...
https://en.wikipedia.org/wiki?curid=5016758
Hong Kong Sustainable Development Forum (HKSDF) is a non-government organisation (NGO) that promulgates sustainable development in principle and practice in Hong Kong. Founded in September 1998, it was the first organisation in Hong Kong to focus solely on the issue of sustainable development. Co-founders of the HKSDF ...
https://en.wikipedia.org/wiki?curid=5020070
Human Development Report The (HDR) is an annual report published by the Office of the United Nations Development Programme (UNDP). The first HDR was launched in 1990 by the Pakistani economist Mahbub ul Haq and Indian Nobel laureate Amartya Sen. Since then reports have been released most years, and have explored differ...
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Human Development Report “People are the real wealth of a nation,” Haq wrote in the opening lines of the first report in 1990. “The basic objective of development is to create an enabling environment for people to enjoy long, healthy and creative lives. This may appear to be a simple truth. But it is often forgotten in...
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Human Development Report The 2010 Human Development Report's review of human development trends showed that most developing countries made dramatic yet often underestimated progress in health, education and basic living standards since 1970 with many of the poorest countries posting the greatest gains. In the 2010 Repo...
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Human Development Report The 2010 Human Development Report—The Real Wealth of Nations: Pathways to Human Development—showed through a detailed new analysis of long-term Human Development Index (HDI) trends that most developing countries made dramatic yet often underestimated progress in health, education and basic livi...
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Human Development Report Overall, as shown in the Report's analysis of all countries for which complete HDI data are available for the past 40 years, life expectancy climbed from 59 years in 1970 to 70 in 2010, school enrollment rose from just 55 percent of all primary and secondary school-age children to 70 percent, a...
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Human Development Report The 2010 continued the HDI tradition of measurement innovation by introducing new indices that address crucial development factors not directly reflected in the HDI:
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Cash-flow diagram A cash-flow diagram is a financial tool used to represent the cashflows associated with a security, "project", or business. As per the graphics, cash flow diagrams are widely used in structuring and analyzing securities, particularly swaps. They may also be used to represent payment schedules for bond...
https://en.wikipedia.org/wiki?curid=5060884
Black billionaires are individuals of African ancestry with a net worth of at least US$1 billion. According to the 2019 "Forbes" 2019 ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $10.9 billion and was the world's richest black person. Other on the 2019 "Forbes" list in...
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Black billionaires Nigerian petroleum executive Femi Otedola briefly emerged as a billionaire in 2009, but did not remain one in subsequent years. He returned to the list in the company of a fellow Nigerian, sugar tycoon Abdul Samad Rabiu, in 2016, but both were dropped from the rankings the following year. Multiracial...
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Black billionaires Continuous racial discrimination against Black Americans also contributes to this theory. The “contemporary dynamics thesis” explains how modern phenomena, specifically systematic racism in the housing and credit markets, are the main source of the wealth gap. In 1994, the typical Black American fami...
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Black billionaires ” In response to "Plessy v. Ferguson (1896)" which upheld racial segregation laws, Black Americans established successful eateries, restaurants, hotels and banks. The coalition of Black businesses and entrepreneurs was coined “Black Corporate America.” During this time, Black businesses grossed sales...
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Black billionaires Walker invented several beauty products and was considered the wealthiest self-made woman in America in 1919. Turnbo-Malone also developed cosmetic products for Black women. In the period of 1939-1964, Black businesses grossed sales in the millions. Black American entrepreneurs sought defense contrac...
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Black billionaires According to Dalton Conley, by 1971, Black banks had received $44.9 million in government deposits. However, these deposits, which were “unstable accounts from government agencies, eventually hurt Black banks because their volatility meant that they required higher servicing costs.” "One study even f...
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Black billionaires However, the amount of African Americans earning degrees in business has increased since the 1970s. “The number of African Americans earning bachelor’s degrees in business increased by 316.6% between 1976 and 2008, whereas the number of African Americans earning MBAs increased by 1,399%, from 1,549 t...
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Black billionaires Estimates of Jackson's net worth during his life range from negative $285 million to positive $350 million for 2002, 2003 and 2007. In August 2018 Forbes reported that Jackson's total career pretax earnings in life and death were $4.2 billion.
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Computable general equilibrium (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors. CGE models are also referred to as AGE (applied general equilibrium) models. A CGE model consists of equations descr...
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Computable general equilibrium Both models were pragmatic in flavour, and traced variables through time. The Australian MONASH model is a modern representative of this class. Perhaps the first CGE model similar to those of today was that of Taylor and Black (1974). CGE models are useful whenever we wish to estimate the...
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Computable general equilibrium Here, strong, reasonable, assumptions embedded in the model must replace historical evidence. Thus developing economies are often analysed using CGE models, such as those based on the IFPRI template model. Many CGE models are comparative-static: they model the reactions of the economy at ...
https://en.wikipedia.org/wiki?curid=5063124
Computable general equilibrium These models can seem more realistic, but are more challenging to construct and solve. They require for instance that future changes are predicted for all exogenous variables, not just those affected by a possible policy change. The dynamic elements may arise from partial adjustment proce...
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Computable general equilibrium Now, most CGE models are formulated and solved using one of the GAMS or GEMPACK software systems. AMPL, Excel and MATLAB are also used. Use of such systems has lowered the cost of entry to CGE modelling; allowed model simulations to be independently replicated; and increased the transpare...
https://en.wikipedia.org/wiki?curid=5063124
Menace in Europe Menace in Europe: Why the Continent's Crisis Is America's, Too is a book by Claire Berlinski about problems and challenges facing Europe, and the consequences of Europe's failure to meet these challenges. Among the phenomena addressed in the book are Muslim integration (and the lack thereof), anti-Amer...
https://en.wikipedia.org/wiki?curid=5093442
Cost-weighted activity index A cost-weighted activity index is a technique for measuring the changes in the output of an organisation over time. It is used particularly for Government departments and other bodies that do not operate in a market, hence normal means of measuring output cannot be used. Following work by M...
https://en.wikipedia.org/wiki?curid=5093693
Cost-weighted activity index The total costs in 2000 are £20,000 for low-risk, £45,000 for medium-risk and £25,000 for high-risk prisoners, or £90,000 in total. In 2005, there are 22, 27 and 15 prisoners in these categories, so the changes are +10%, -10% and +50%. There are 64 prisoners in total, an increase of about 6...
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Average propensity to save In economics, the average propensity to save (APS), also known as the savings ratio, is the proportion of income which is saved, usually expressed for household savings as a fraction of total household disposable income. The ratio differs considerably over time and between countries. The savi...
https://en.wikipedia.org/wiki?curid=5096175
Madhya Pradesh Stock Exchange (MPSE) was a stock exchange located at Indore, Madhya Pradesh, India. It was a SEBI recognized Permanent Stock Exchange, until its de-recognition in 2015. Established in 1919, it was 3rd oldest stock exchange in India, and a leading stock exchange under outcry system. MPSEL was originally ...
https://en.wikipedia.org/wiki?curid=5101110
Coconut Development Board (CDB) is a statutory body established under the Ministry of Agriculture of the Government of India for the integrated development of coconut and coconut-related products. is a statutory body established by the Government of India for the integrated development of coconut production and utiliza...
https://en.wikipedia.org/wiki?curid=5116023
Social Choice and Individual Values Kenneth Arrow's monograph (1951, 2nd ed., 1963) and a theorem within it created modern social choice theory, a rigorous melding of social ethics and voting theory with an economic flavor. Somewhat formally, the "social choice" in the title refers to Arrow's representation of how "soc...
https://en.wikipedia.org/wiki?curid=5117137
Social Choice and Individual Values In this respect it is comparable to analysis of the voting paradox from use of majority rule as a value. Arrow asks whether other methods of taste aggregation (whether by voting or markets), using other values, remedy the problem or are satisfactory in other ways. Here logical consis...
https://en.wikipedia.org/wiki?curid=5117137
Social Choice and Individual Values Topics implicated along the way include game theory, the compensation principle in welfare economics, extended sympathy, Leibniz's principle of the identity of indiscernibles, logrolling, and similarity of social judgments through single-peaked preferences, Kant's categorical imperat...
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Social Choice and Individual Values (Here "as good as" is an "equally-ranked," not a "don't know," relation.) An ordering of a voter is denoted by R. That ordering of voter "i" is denoted with a subscript as formula_1. If voter "i" changes orderings, primes distinguish the first and second, say formula_1 compared to fo...
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Social Choice and Individual Values 15, 26–28) shows how to go from the social ordering "R" for a given set of orderings to a particular 'social choice' by specifying: The social ordering "R" then selects the top-ranked social state(s) from the subset as the "social choice" set. Less informally, the social choice funct...
https://en.wikipedia.org/wiki?curid=5117137
Social Choice and Individual Values Arrow describes the "connectedness" of a social ordering as requiring only that "some" social choice be made from any environment of available social states. Since some social state will prevail, this is hard to deny (especially with no place on the ballot for abstention). The "trans...
https://en.wikipedia.org/wiki?curid=5117137
Social Choice and Individual Values Under imposition, for every set of orderings in the domain, the social ranking for at least one "x" and "y" is only "x R y". The vote makes no difference to the outcome. The proof is in two parts (Arrow, 1963, pp. 97–100). The first part considers the hypothetical case of some one vo...
https://en.wikipedia.org/wiki?curid=5117137
Social Choice and Individual Values The book proposes some apparently reasonable conditions for a "voting" rule, in particular, a 'constitution', to make consistent, feasible social choices in a welfarist context. But then any constitution that allows dictatorship requires it, and any constitution that requires nondict...
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Social Choice and Individual Values The theorem might seem to have unravelled a skein of behavior-based social-ethical theory from Adam Smith and Bentham on. But Arrow himself expresses hope at the end of his Nobel prize lecture that, though the philosophical and distributive implications of the paradox of social choic...
https://en.wikipedia.org/wiki?curid=5117137
Secretarial pool A secretarial pool or typing pool is a group of secretaries working at a company available to assist any executive without a permanently assigned secretary. These groups have been reduced or eliminated where executives have been assigned responsibility for writing their own letters and other secretaria...
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Very small business A very small business (VSB) is a company that is at the lower end, in terms of size, of companies that are considered small and medium enterprise. The actual definition of what size companies classify as VSBs varies from region to region, but upper limit is usually considered to be 25–50 employees.
https://en.wikipedia.org/wiki?curid=5124370
Ahmedabad textile industry The textile industry of the city of Ahmedabad in the state of Gujarat in India dates back to the 19th century, when the city and the industry was established under the British raj. Textile mills employed thousands of people from across the state, and the cotton garments manufactured were expo...
https://en.wikipedia.org/wiki?curid=5124391
Market if touched In financial markets, market if touched ("MIT") is a type of order that will be executed when the price is touched (when a predetermined value has been reached and the futures contract will trade or bid at the price.) Stock buyers can place an MIT order to buy or to sell.
https://en.wikipedia.org/wiki?curid=5131868
Ivey Index The Ivey Purchasing Managers Index (IPMI) is jointly sponsored by the Purchasing Management Association of Canada (PMAC) and the Richard Ivey School of Business. The Ivey Purchasing Managers Index measures month-to-month changes in dollars of purchases as indicated by a panel of purchasing managers from acro...
https://en.wikipedia.org/wiki?curid=5134073
Macroeconomic regulation and control () often abbreviated Macro-control () refers to the use of direct government intervention by the central government of the People's Republic of China to cool down the overheated economy. The policy was first introduced in 1993 by Zhu Rongji, Premier of the People's Republic of China...
https://en.wikipedia.org/wiki?curid=5140165
Relative strength is a ratio of a stock price performance to a market average (index) performance. It is used in technical analysis. It is not to be confused with relative strength index. To calculate the relative strength of a particular stock, divide the percentage change over some time period by the percentage chang...
https://en.wikipedia.org/wiki?curid=5151249
Lost boys (Mormon fundamentalism) "Lost boys" is a term used for young men who have been excommunicated or pressured to leave polygamous Mormon fundamentalist groups such as the Fundamentalist Church of Jesus Christ of Latter Day Saints (FLDS). They are alleged to be pressured to leave by adult men to reduce competitio...
https://en.wikipedia.org/wiki?curid=5155636
Lost boys (Mormon fundamentalism) Some individuals, such as Dan Fischer, a dentist who left the FLDS church, work to help young men who have left or who have been ejected from polygamist organizations in cities like Hildale, Utah, or Colorado City, Arizona. In the HBO television series "Big Love" (2006-2011), the main ...
https://en.wikipedia.org/wiki?curid=5155636
National Institute of Economic and Industry Research The (NIEIR), also known as National Economics, was founded in 1984 as a private economic research and consulting group serving clients in the public and private sectors. NIEIR is based in Melbourne. NIEIR prepares economic studies and forecasts in a range of areas in...
https://en.wikipedia.org/wiki?curid=5161675
Time-use research is an interdisciplinary field of study dedicated to learning how people allocate their time during an average day. Work intensity is the umbrella topic that incorporates time use, specifically time poverty. The comprehensive approach to time-use research addresses a wide array of political, economic, ...
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Time-use research When a person is using contracted time to commute this person understands that this travel time is directly related to paid work or study and any break in this commute time Committed time, like contracted time, takes priority over necessary and free time because it is viewed as productive work. It ref...
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Time-use research Free time refers to the remains of the day after the three other types of time have been subtracted from the 24-hour day. This type of time is not necessarily discretionary time as the term “free” time may imply because people tend to plan activities in advance and creating committed free time in lieu...
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Time-use research Research in the United States is more variable ranging from approximately one third to approximately three fourths of time spent on childcare being secondary time. Primary time refers to time spent on a primary activity only. The primary activity is the activity that has the highest priority. For exam...
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LIBOR market model The LIBOR market model, also known as the BGM Model (Brace Gatarek Musiela Model), in reference to the names of some of the inventors) is a financial model of interest rates. It is used for pricing interest rate derivatives, especially exotic derivatives like Bermudan swaptions, ratchet caps and floo...
https://en.wikipedia.org/wiki?curid=5205955
LIBOR market model One can write the different rates dynamics under a common pricing measure, for example the forward measure for a preferred single maturity, and in this case forward rates will not be lognormal under the unique measure in general, leading to the need for numerical methods such as monte carlo simulatio...
https://en.wikipedia.org/wiki?curid=5205955
Consumption distribution In economics, the consumption distribution is an alternative to the income distribution for judging economic inequality, comparing levels of consumption rather than income or wealth.
https://en.wikipedia.org/wiki?curid=5207133
Gemini house The is a prototype design for a house that uses solar energy and efficient design. Roland Mösl wrote the house's concept in autumn 1991. The name expresses a design goal: The real estate used should serve two purposes simultaneously -- living and generating solar electricity. Ten years later, in 2001, the ...
https://en.wikipedia.org/wiki?curid=5208065
Debt Diet The debt diet refers to a debt management plan made popular by a multi-part series for The Oprah Winfrey Show, first airing on February 17, 2006. In the series, Oprah Winfrey teamed up with financial experts Jean Chatzky, Glinda Bridgforth and David Bach to create a step-by-step plan demonstrating how to get ...
https://en.wikipedia.org/wiki?curid=5210194
Second source In the electronics industry, a second source is a company that is licensed to manufacture and sell components originally designed by another company (the first source). It is common for engineers and purchasers to avoid components that are only available from a single source, to avoid the risk that a prob...
https://en.wikipedia.org/wiki?curid=5212601
Working age is the range of ages at which people are typically engaged in either paid or unpaid work. It typically sits between the ages of adolescence and retirement. In most countries there is a minimum age at which people can legally work.
https://en.wikipedia.org/wiki?curid=5234518
TreasuryDirect is a website run by the Bureau of the Fiscal Service under the United States Department of the Treasury that allows US individual investors to purchase Treasury securities such as Treasury Bills directly from the U.S. government. Its website allows money to be deposited from and withdrawn to personal ban...
https://en.wikipedia.org/wiki?curid=5248242
Fiscal illusion In public choice theory, fiscal illusion is a failure to accurately perceive the amount of government expenditure. The theory of fiscal illusion was first developed by the Italian economist Amilcare Puviani in his 1903 book "Teoria della illusione finanziaria" ("Theory of Financial Illusion" (not yet tr...
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Fiscal illusion Here renters, who do not pay local property taxes directly, may vote for an expansion of local government services. theory suggests they support this policy because its cost is masked by its roundabout nature (through an increase in their rent payments).. In this case, however, it must be noted that eco...
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Fiscal illusion Instead, he has found that there is 'a strong negative relation between the relative level of federal spending and tax revenues'. Tax cuts and deficit spending, he argues, make the cost of government appear to be cheaper than it otherwise would be. Mourao (2008) attempts to quantify fiscal illusion empi...
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Martingale pricing is a pricing approach based on the notions of martingale and risk neutrality. The martingale pricing approach is a cornerstone of modern quantitative finance and can be applied to a variety of derivatives contracts, e.g. options, futures, interest rate derivatives, credit derivatives, etc. In contras...
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Martingale pricing Specifically, one constructs a portfolio process formula_9 in continuous time, where he holds formula_10 shares of the underlying stock at each time formula_11, and formula_12 cash earning the risk-free rate formula_13. The portfolio obeys the stochastic differential equation formula_14 One will then...
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Environmental good Environmental goods are typically non-market goods, including clean air, clean water, landscape, green transport infrastructure (footpaths, cycleways, greenways, etc.), public parks, urban parks, rivers, mountains, forests, and beaches. Environmental goods are a sub-category of public goods. Concerns...
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Environmental good Other studies criticize these methods for expecting an unrealistic amount of mental effort on the part of the subjects who are asked to assign values, as well as for introducing framing effects and inherent biases relating to subjects' perceptions of dollar values. Alternative measures of economic pr...
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Environmental good The negotiation aims to increase the transfer of technologies which are cleaner for the environment and more cost competitive, including technologies in the realm of air pollution control, waste treatment, renewable energy, and environmental monitoring, and energy efficiency. The WTO hopes to provide...
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Ordinary good An ordinary good is a microeconomic concept used in consumer theory. It is defined as a good which creates increased demand when the price for the good drops or conversely decreased demand if the price for the good increases, "ceteris paribus". It is the opposite of a Giffen good. Since the existence of G...
https://en.wikipedia.org/wiki?curid=5283781
Sustainable landscape architecture is a category of sustainable design concerned with the planning and design of outdoor space. This can include ecological, politically correct, social and economic aspects of sustainability. For example, the design of a sustainable urban drainage system can: improve habitats for fauna ...
https://en.wikipedia.org/wiki?curid=5285068
Gross metropolitan product (GMP) is a monetary measure of the value of all final goods and services produced within a metropolitan statistical area during a specified period ("e.g.", a quarter, a year). GMP estimates are commonly used to compare the relative economic performance among such areas. GMP is calculated annu...
https://en.wikipedia.org/wiki?curid=5287735
Vincent Bladen Vincent Wheeler Bladen, (14 August 1900 – 6 November 1981) was a British-Canadian economist and academic. A Dean of the Faculty of Arts at the University of Toronto, in 1960, he was appointed Chairman of the Royal Commission on the Automotive Industry which helped to create the Canadian-American Automoti...
https://en.wikipedia.org/wiki?curid=5301118
St Andrews Prize for the Environment The is an international initiative by the University of St Andrews in Scotland and the independent exploration and production company ConocoPhillips. The award recognises significant contributions to environmental issues and concerns. Applications are invited from individuals, multi...
https://en.wikipedia.org/wiki?curid=5303112
Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus of state-run programs in countries including Australia, Canada, Japan, the United States a...
https://en.wikipedia.org/wiki?curid=5303129
Financial literacy A selection of findings included: "Yet it is encouraging that the few financial education programmes which have been evaluated have been found to be reasonably effective. Research in the US shows that workers increase their participation in 401(k) plans (a type of retirement plan, with special tax ad...
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Financial literacy The Australian Government established a National Consumer and Financial Literacy Taskforce in 2004, which recommended the establishment of the Financial Literacy Foundation in 2005. In 2008, the functions of the Foundation were transferred to the Australian Securities and Investments Commission (ASIC...
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Financial literacy The Know Risk Network of web and phone apps, newsletters, videos and website was developed by insurance membership body ANZIIF to educate consumers on insurance and risk management. National Centre for Financial Education (NCFE), a non-profit company, was created under section 8 of companies act 2013...
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Financial literacy An in-depth analysis of SEDCO's survey revealed that 45 percent of youngsters did not save any money at all, while only 20 percent saved 10 percent of their monthly income. In terms of spending habits, the study indicated that items such as mobile phones and travel accounted for nearly 80 percent of ...
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Financial literacy This Institute aims to build core financial capabilities across a broad spectrum of the Singapore population by providing free and unbiased financial education programmes to working adults and their families. From July 2012 to May 2017, the Institute reached out to more than 110,000 people in Singapo...
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Financial literacy The new public school curriculum will cover financial literacy in public schools. The UK has a dedicated body to promote financial capability—the Money Advice Service. The Financial Services Act 2010 included a provision for the FSA to establish the Consumer Financial Education Body, known as CFEB. F...
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Financial literacy Education in this area is particularly important as investors take on more risk and responsibility of managing their retirement savings, and a large baby boomer population enters the retirement years across North America. In 2005, the British Columbia Securities Commission (BCSC) funded the Eron Mort...
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Financial literacy The United States Department of the Treasury established its Office of Financial Education in 2002; and the US Congress established the Financial Literacy and Education Commission under the Financial Literacy and Education Improvement Act in 2003. The Commission published its National Strategy on Fin...
https://en.wikipedia.org/wiki?curid=5303129
Financial literacy In July 2010, the United States Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), which created the Consumer Financial Protection Bureau (CFPB). The CFPB has been tasked, among other mandates, with promoting financial education through its Consumer Engage...
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Value conversion is the act of converting one type of value or financial instrument into another type of negotiable value. In the securities profession the definition of conversion value is very narrowly defined as the positive difference between the market price of a convertible security and the price at which it is c...
https://en.wikipedia.org/wiki?curid=5303157
Chattel mortgage Chattel mortgage, sometimes abbreviated "CM", is the legal term for a type of loan contract used in some states with legal systems derived from English law. Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable personal property (the chattel) from the lender. The len...
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Chattel mortgage Companies and other corporate entities may give chattel mortgages too over any tangible, movable property as security for a debt obligation. This type of security will usually fall under the category of registrable charges under the Companies Act 2006. For a chattel mortgage to be a legal mortgage, it ...
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Rights of accumulation The Right of Accumulation is an investment term for mutual fund transactions, that allows an investor to get lower sales charges on multiple transactions, instead of requiring a single transaction to be over a given amount.
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Debt wall Hitting the debt wall is a dire financial situation that can occur when a nation depends on foreign debt and/or investment to subsidize their budget and then commercial deficits stop being the recipient of foreign capital flows. The lack of foreign capital flows reduces the demand for the local currency. The ...
https://en.wikipedia.org/wiki?curid=5337308
The Undercover Economist () () is a book by Tim Harford published in 2005 by Little, Brown. The book provides an introduction to principles of economics, including demand-supply interactions, market failures, externalities, globalisation, international trade and comparative advantage. It explains in non-technical terms...
https://en.wikipedia.org/wiki?curid=5338296
Liquidity event In corporate finance, a liquidity event is the merger, purchase or sale of a corporation or an initial public offering. A liquidity event is a typical exit strategy of a company, since the liquidity event typically converts the ownership equity held by a company's founders and investors into cash. A liq...
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