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....
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
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.
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.
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.
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. 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.
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.
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...
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.
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.
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.
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.
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.
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...
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.
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.
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.
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.
Our study has signicant 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-
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.