Period of high economic

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  • Our training site, Kitakyushu city is one of Japan’s four largest industrial zones. The city has a history in which the serious pollution problems occurred in the period of high economic growth 1950’s to 70’s, and the city has controlled the pollution by addressing it with the administration, companies and citizens as one. Especially, companies have achieved both industrial development and environmental conservation by developing CP which makes pollution measures consistent withenergy/resource saving with the guidance and support from the administration....

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  • Intangible assets include goodwill arising from acquisitions made after January 1, 1992. Goodwill is amortized using the straight-line method over its estimated economic life, not to exceed forty years. Certain acquired intangible assets other than goodwill (‘in-process R&D') are expensed in the period of acquisition. Patents and trademarks acquired from third parties are capitalized and amortized over their remaining lifetime.

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  • To capture several features of housing booms, we look at three variables: real credit to the private sector, residential investment and real house prices. Apart from interest rates, all variables are in logs. The data is taken from the OECD Economic Outlook, the IMF International Financial Statistics (IFS), and the BIS Macro database. The variables and data sources are listed in the appendix. We estimate the model on quarterly data over the period of the Great Moderation from 1984 Q1 to 2007 Q2 with two lags.

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  • In spite of widespread political and economic constraints imposed on global tourism development during last few decades, world tourism industry has emerged as one of the fastest growing single industries in the world. Its performance has been highly acclaimed to the comparable performances of many other export industries during the same period. At present, global tourism industry represents around 11% of the world’s GDP, around 8% of global employment and around 9% of global wages. It is also the largest single employment generator of the world economy today.

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  • ECE is a critical part of California’s infrastructure for economic development. Like the system of highways and roads and public transportation, parents need the infrastructure of reliable, affordable child care in order to productively participate in the workforce. It is important to maintain the ECE system even during periods of recession and high unemployment. If the system atrophies during times of economic contraction, a child care shortage during recovery impedes the workforce mobilization and productivity of many parents and hinders new economic growth.

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  • Unemployment (or joblessness), as defined by the International Labour Organization, occurs when people are without jobs and they have actively sought work within the past four weeks.[1] The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate.

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  • Interest rate risk remains high for banks because of a duration mis- match between deposits relative to banks’ holdings of government securities and certain housing loans. Exchange rate risk is less of a concern as banks have only a small net foreign exchange position and hedges are generally considered to be with strong institutions. In addition, large Turkish corporates have high foreign-exchange (FX) liabilities, often to foreign lenders, more willing to provide financing as markets stabilised after the crisis in 2001.

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  • Global GDP growth has lost steam in the course of 2012, and leading indicators point to further weakness in the remainder of this year. Among the largest non-EU advanced economies, Japan's post-disaster recovery is pausing, while in the US growth appears to be gradually firming after a protracted period of subdued performance. However, the uncertainty related to the path of US fiscal policy over the coming months remains high. At the same time, many emerging market economies have recently been moving towards a more moderate rate of economic expansion, which in part reflects...

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  • Although output growth should be stronger next year, resource slack and unemployment seem likely to decline only slowly. The prospect of high unemployment for a long period of time remains a central concern of policy. Not only does high unemployment, particularly long-term unemployment, impose heavy costs on the unemployed and their families and on society, but it also poses risks to the sustainability of the recovery itself through its effects on households’ incomes and confidence. Maintaining price stability is also a central concern of policy.

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  • The significance of cities as highly productive centres of our increasingly service-oriented economy is growing. Transport networks must be able to support the economic growth, growing populations and diverse expectations of urban activity (including tourism). There is clear global evidence that a comprehensive and well-performing transport system is an important enabler of sustained economic prosperity.

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  • In an economic system that is based upon individual behaviour and not upon conformity, that is to say, it is based upon, “the absence of mutual interest amongst the factors of production” no law prohibiting abusive speculation is possible. The period of time between delivery and payment, being the condition of lending and of trade, produces a risk to production and to the transportation of goods.

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  • The Japanese economy achieved high growth rates in 2006, particularly in the corporate sector in the first half of the year. The middle of 2006 brought a slowdown, especially in consumer spending. In general, however, corporate performance held steady, labor supply was tight and the economy overall did not slow significantly. The economic growth phase that began in January 2002 is virtually certain to be statistically verified as having marked its 58th consecutive month in November 2006, making it the longest period of growth in postwar Japan.

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  • The financial statements of foreign operations are translated into the Dutch guilder, the Company's reporting currency. Assets and liabilities are translated using the exchange rates on the respective balance sheet dates. Income and expense items are translated based on the average rates of exchange for the periods involved. The resulting translation adjustments are charged or credited to stockholders' equity. Cumulative translation adjustments are recognized as income or expense upon disposal of foreign operations.

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  • Of course, credit expansion for reasons beyond economic merit might for a while help increasing economic growth. If credit expansion works toward the extension of productive capacity, this process might go on for an extended period of time, even if borrowers in the long run will not be able to pay back their loan. The downside in this case is the accumulation of non-performing loans in the banking sector which in the end might lead to high fiscal cost. This might actually be what has been observed in China: One could argue that a non-trivial part of the loans by...

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  • This report presents a methodology for calculating such impacts. To illustrate the magnitude of potential impacts, two alternative scenarios are outlined for long- term US public transportation investment; a “base case” scenario that maintains long-term public transportation ridership trends, and a “higher transit investment” scenario that adds investment each year over the 2010-2030 period. The analysis estimates how travel times and costs, including effects of changes in congestion levels and mode switching, differs among the scenarios.

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  • As output decreased the unemployment rate increased, rising from 4.6% in 2007 to a peak of 10.1% in October 2009, and remaining only slightly below that high into 2011. The U.S. unemployment rate has not been at this level since 1982, when in the aftermath of the 1981 recession it reached 10.8%, the highest rate of the post-war period. (During the Great Depression the unemployment rate reached 25%.) This rise in the unemployment rate translates to about 7 million persons put out of work during the recession. Another 8.

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  • Conventional project evaluation also tends to undervalue public transportation service quality improvement benefits (Litman 2007b). High quality, grade separated public transit attracts people who would otherwise drive on congested roadways, which reduces the point of congestion equilibrium (the level of congestion at which travelers reduce their peak-period trips). Although congestion never disappears, it is not nearly as bad as would occur without such transit services.

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  • Economic conditions, frustration with high cost levels and limited success in encouraging employees to adopt healthier lifestyles have been persistent challenges for companies. Against the backdrop of health care reform, companies have never been more uncertain about the future of their health care programs over the long term. For nearly a decade, Towers Watson has been tracking employers’ coni dence in their ability to sponsor health care benei ts for active employees 10 years into the future.

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  • Our study has signi cant real-world economic implications. European funds grew from a little over $3 trillion during 2000 to nearly $9 trillion during 2007; by the end of 2007, the European industry amounted to nearly three-quarters of the size of the U.S. mutual fund industry, which, over the same period, grew from $7 trillion to $12 trillion. Further, there were over 35,000 European- domiciled mutual funds by the end of 2010 (Investment Company Institute, 2011), almost ve times the number of U.S.-domiciled funds, indicating that the European market is highly frag- mented. ...

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  • The population elasticity is now slightly below one at 0.92. A higher rate of urbanization has the expected positive impact on emissions. The share of population in the economically active age groups now becomes marginally insignificant. The reason for this could be the high correlation between the two variables (partial correlation coefficient of 0.65). Lastly, in column V we add the average household size to our model. Note that this variable is available for all countries in the sample, but not over the entire estimation period.

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