Science topics: Econ
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We are currently conducting our undergraduate research proposal about the impact of monetary and fiscal policy on the economic growth of the Philippines. We used real GDP as a measure of econ growth. Our problem is that for our theoretical framework, we adopted the monetarism and keynesian theory as based on the empirical studies we reviewed. However quantity theory of money talked about how it influences nominal income. Though it has an effect on real income but only short-run. During our consultation our professor said it might be difficult to use QTM as a framework for our study. Is there any way we can still use it or what are other theory that can be used as framework in terms of the effect of montery policy on the econ growth of a country? (We've sorted things out on the side of fiscal policy though). We are very new in this field and don't have adequate knowledge with regards to this yet (don't know though why we conducted this study lol). Thankyou in advance.
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Suggested Citation: Loef, Hans E.; Monissen, Hans G. (1999) : Monetary policy and monetary reform: Irving Fisher's contributions to monetary macroeconomics, W.E.P. - Würzburg Economic Papers, No. 11, University of Würzburg, Department of Economics, Würzburg
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What do you think, who is behind the "Unstoppable Sustainable Economic Growth of China"? Is it for President Xi Jinping or his new era of socialist economic thought?
Let's know your valued opinions.
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Asian mode of production, but which is relevant only to some of Asian countries.
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This is probably a naive question for economists, but I am a lawyer with limited understanging of econ and thus I am not confident about how to answer this question. Assume we have an agricultural production function with contstant return to scale. One factor contributing to production is water. Now climate change hits and hits the elasticity of water (but does not impact elasticity of other factors) then I would say, depending on which direction the elasticity of water heads, the return to scale will change to increasing or decresing. Does this make sense given the assumptions?
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It is not only the water but soils as well that are affected - dried out soils are prone to erosion, especially with sudden heavy precipitation (occurring with higher frequency as the climate conditions are drying out). Add to that deforestation and you have a real crisis. High summer temperatures are also very big problem, not only because of evaporation but because some plants/trees emit carbon rather than oxygen when certain temperature limit is crossed. So, yes, climate change can provoke great impact on agriculture and economy in general. What is probably confusing is the fact that we don't see the change equally distributed around the globe - some areas are more affected by drought and some by excess of precipitation. But in both cases agriculture will be affected, especially traditional ways of food production.
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Has anyone done a study or analysis on the impact of climate change on tourism? If yes, what methodology have you used?
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gracias
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Seasonality at tourism destinations is a problematic issue as during the low months, resources aren't used and destinations cannot generate enough revenue. How can this be combatted in order to develop a more sustainable future for destinations who face this problem?
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Dear Cameron, please find attached an article which is close to your study. Moreover, try to  find and download the following article:
Trends and seasonal variation of tourist demand in Spain: The role of rural tourism
Tourism Management Perspectives, Volume 16, Issue null, Pages 123-128
Vanesa F. Guzman-Parra, Cristina Quintana-García, Carlos A. Benavides-Velasco, Jose Roberto Vila-Oblitas
Best wishes!