Broadly, this empirical study focussed on the subject of financial development and economic growth. In specific terms, the study will seek to explore the relationship between monetary policies and real estate development…
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63). The substance of this study is based on the premise that real estate development as an aspect of economic growth depends significantly on the nature and direction of financial development. This study will seek to demonstrate that seasons of favourable financial developments have tended to correspond to with seasons of a rise in the values of residential properties in the country. The study will also seek to illustrate the fact that inflationary pressure and other financial forces on the market have a tremendous effect on the level of economic development as represented in the value of property prices in the country. The study will use illustration of the performance of property values in the country within the period of ten years. Basically, this study will be qualitative in approach. It will combine the methods of extended literature and case study approach to determine the insights of the study with particular reference on the impact of financial developments on economic growth in the Czech Republic. Reliable and resourceful information on the financial trends in the Czech Republic will be matched to the nature of real estate development in order to establish the kind of associations between the two (Haber, North & Weingast, 2007). In order to enrich the authenticity of the study, it will be appropriate to use the most recent information for the study. Case analyses will be conducted to determine the manner in, which the financial trends in the Czech Republic impact on the aspect of economic growth (Liebscher, 2006). The trends of the values on the property markets suggest that macro-economic forces at play in the country have some significant impacts on the property development in the country. Furthermore, the study will incorporate the views of analysts in order to establish the nature of relationships that operate between the two realities. There is a sense in which the dynamics of economic growth and the trends in the interest rates affect the level of property development in the Czech Republic (Ranciere & Loayza, 2005). Generally, the study will seek to demonstrate the fact that the nature of growth and the levels of stability of the markets determine economic processes. Past and recent case analyses, economic development studies, media reports and other multiple sources have shown compelling proof of a boom in the residential property sector in the space of time of a decade in Czech Republic (Ranciere & Loayza, 2005). Various explanations from different sources have offered a range of explanations behind this development. In the opinion of analysts and industry experts, the phenomenal growth of the residential property sub-sector has impacted significantly on the property values in the country. The various sources are in concurrence with the fact that Prague remains the focal point of residential property development in the country. Few studies have attempted to determine the exact impact of the phenomenal growth in the residential property sub-sector on the value of properties in Prague (Ranciere & Loayza, 2005). However, a review of select cases indicates a consistent growth in the value of residential property prices over the past five years. Analyses of various cases have shown up to 500 percent increase in the value of residential properties in a span of a few years (Florio, 2011, p. 78). Whereas some analysts predict a consistent pattern of value increment in Prague’s property sector, others remain pessimistic expressing fears and doubts over the sustainability of the current value growth rates. Those who project a decline in the value
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The process in which the per capita income of the poor economies tends to grow as fast as that of the rich economies is defined as the convergence. The process eventually leads the per capita incomes to converge. As the developing countries have the advantage of diminishing returns to factors, they can converge faster than the developed economies (Alfaro et al, 2005).
According to the paper, the developing economies have the advantage of diminishing returns to factors, so they can converge faster than developed economies. Convergence depends on various factors such as the speed of capital formation, population growth and the presence of efficient economic policies as well as appropriate financial institutions.
Here, a few economic sectors will be analyzed to find out how they affect our investments. TELECOMMUNICATIONS: The most interesting thing about the telecommunication sector is that it does not perform badly even during cyclical economic down-turns. Moreover, during economic expansions, this sector shows a tendency of under performing other economic sectors which are very much affected by cyclical fluctuations.
The research process will cover a number of stages. The detailed review of literature is performed, to identify the gaps in research a clearer picture of contemporary management practices in the developing countries. The development of the research question was followed by the analysis of the available literature and potential research objects.
Thanks What is wrong with America’s labor market? Outline: I. Introduction (Part a, Article Summary) II. Why is the labor market weak? III. Is the problem primarily on the demand side or the supply side? IV. Would an active jobs policy help? V. The active policy VI.
Some economists are even anxious that the US's may have lessened their love of property ownership. It looks that boom years had never occurred. Paul Dales, US economist at Capital Economics says that "You would have to go back to the Great Depression to find anything similar.
The French and member countries of the European Union expect that a leader, who can provide solutions to the pressing problems that beset the country, ranging from the rising unemployment, fiscal deficit, law and order, social unrest, to the future direction of the European Union, will eventually emerge.
Added to those Eastern economies, those of the smaller nations have begun attracting investments from all over by creating better infrastructures and free trade zones. As a result foreign investment of nations like the United States has begun to flow there.
However, the real GDP per person in the country more than doubled between 1963 and 2003 (Parkin 425). In the rest of the world, specifically Asia, the growth in real GDP was even greater.
Specifically, a look at the world's seven biggest economies (United States, Japan, Canada, France, Germany, Italy and United Kingdom) shows that real GDP per person has grown steadily from 1963 to 2003.
flation rate constantly within a narrow band will involve quite a bit of short-term variation of the interest rate lever (and, consequentially, the exchange rate), and policy will be jerking output around
Central banks may regard their sole objective as inflation, but it seems
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