hlu] respectively represent the rural labor factor income
obtained by resident stream h and the proportion of urban labor factor income
The wages and factor incomes
are introduced a simplistic method in Table 2.
If original factor income
(generally) falls, how else can the quantity of present goods demanded by them and the interest rate decrease without a change on the demand side?
The possible impact of this scenario is analysed in the last experiment by applying a shock of 60 percent decline in factor income
from the construction sector.
Second, we explore the three major components--the trade balance, net factor income
, and transfers--of the current account imbalances using the following equation:
The sharp rise in unemployment due to the recession increased factor income
Total factor income
inflow into Hong Kong, estimated at $171.
Failure to remove net indirect taxes and imperfect competition profits from value added underestimates the share of the contribution of labor input to factor income
, which leads to overestimation of capital share and understatement of TFP growth.
Keywords: effective tax rates, consumption tax, factor income
taxes, international tax policy
Statistics Denmark, the Danish state statistics agency, has reportedly said that according to the gross national factor income
, or farm industry earnings report, the earnings for the Danish agriculture sector had decreased by DKK1.
If the expected net factor income
from abroad is added, the GNP growth rate would be even higher, meaning a steady increase in per capita income in the country, which if properly distributed through fair fiscal policy, could go a long ay in promoting welfare and changing the life patterns of a vast majority of the population.
This creates a "market size" effect of R&D: productivity-improving resources are allocated toward factor markets with large factor income