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In economics, the "J curve" is the time path of a country’s trade balance following a devaluation or depreciation of its currency, under a certain set of assumptions. A devalued currency means imports are more expensive, and on the assumption that the volumes of imports and exports change little at first, this causes a fall in the current ...
The country's imports become more expensive and exports become cheaper due to the change in relative prices, and the Marshall-Lerner condition implies that the indirect effect on the quantity of trade will exceed the direct effect of the country having to pay a higher price for its imports and receive a lower price for its exports.
James Chowning Davies (May 6, 1918 – March 30, 2012) was an American sociologist and professor emeritus of political science at the University of Oregon. [1] Davies is perhaps best known for his so-called "J curve" theory of political revolutions, which seeks to explain the rise of revolutionary movements in terms of rising individual expectations and falling levels of perceived well-being.
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Laffer explains the model in terms of two interacting effects of taxation: an "arithmetic effect" and an "economic effect". [7] The "arithmetic effect" assumes that tax revenue raised is the tax rate multiplied by the revenue available for taxation (or tax base). Thus revenue R is equal to t × B where t is the tax rate and B is the taxable ...
A hockey stick graph or hockey stick curve is a graph, or curve shape, that resembles an ice hockey stick, in that it turns sharply from a nearly flat "blade" to a long "handle". In economics , [ 1 ] [ 2 ] marketing , [ 3 ] and dose–response relationships , [ 4 ] [ 5 ] a hockey stick graph is one in which the "blade" is near zero (hugging the ...
Pages in category "Economics curves" The following 43 pages are in this category, out of 43 total. ... Seneca effect; Supply and demand; U. UV curve; W. Wage curve;
Bremmer's entire curve can shift up or down depending on economic resources available to the government in question. Therefore, Saudi Arabia's relative stability at every point along the curve rises or falls depending on the price of oil; China's curve, meanwhile, analogously depends on the country's economic growth.