We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Economic History and the Business Cycle - Research Paper Example

Comments (0)
Summary
It is an indication of the amount of resources that citizens of a country have on average that enables them to provide for their needs. It…
Download full paper
GRAB THE BEST PAPER
Economic History and the Business Cycle
Read TextPreview

Extract of sample
Economic History and the Business Cycle

Download file to see previous pages... Recession is usually visible in GDP, house hold income, industrial production, employment, and wholesale/retail sales and profits. The macroeconomic indicators fall while bankruptcies and rate of unemployment increases. Recession starts just after the economic activities reaches at the peak and ends as the economy reaches its trough. Between troughs and peak, the economy is said to be in an expansion. The expansion signifies a state of normalcy for an economy. This is a phase of business cycle which is characterized by general rise in economic activities. The gross product expands as jobs are created and incomes generally rise. The periods of recession and expansion occur in what is known as the business cycle.
After recovering from a period of recession ending in the year 2000, Turkey has generally experienced a strong economic growth since 2001, experiencing important gains in income and living standards effectively making it an upper-middle income country. From the year 2001 to 2008, Turkey’s GDP per capita increased from US $3057.8 to US $10379.5 respectively which marked period of economic growth as shown in figure 1. This was followed by the trough of the recession in the year 2009. The period of expansion was experienced between the years 2010 to 2013 where GDP growth resulted into creation of more jobs thus reduced unemployment rate as illustrated in figure 3.
Generally an increase in GDP should signify an increase in economic growth of a country which should be characterized by creation of more jobs for the citizens and low inflation rates. However between the years 2001 and 2008, the rate of unemployment rises, contrary to the GDP indicator. On the other hand, inflation falls between the years 2001 and 2007, while experiencing a sharp increase in 2008 despite the GDP still growing in that same year: in 2008 the prices of goods increased despite an increase in GDP, as shown in figure 2. In the ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Economic History
Particularly, the western economies like USA, UK, and EU have created an economic network on the foundations of the global market system world wide. Therefore, the paper would reflect on global economy and the modern capitalist system with reference to the contributions of Adam Smith.
5 Pages(1250 words)Research Paper
Effects of Economic Recession on American Jobs
As per the record maintained by the National Bureau of Economic Research's Business Cycle Dating Committee, the recession was officially declared to have ended by June, 2009 (Reddy cited in Hall). There did occur a baby recession period in US in 2001, though the actual recession occurred in the years of 2008 and 2009.
6 Pages(1500 words)Research Paper
Property Cycle
The aim of this paper is I) to review various property cycles developed over past decades, ii) various issues and factors affecting its movements, iii) significant variables governing its movement iv) Methods or frameworks commonly adopted in these studies and v) finally could a simple model predict property cycle movement
30 Pages(7500 words)Research Paper
American History from 1874 to 2000
The Great Depression fundamentally changed institutions in all facets of our society. A new relationship was established between government and the general economy. The Great Depression tested the strength of
7 Pages(1750 words)Research Paper
Accounting Cycle
The nine steps of the accounting cycle are: The accounting cycle provides accountants a clear system that allows these professionals to convert raw data into information that can be used to make
3 Pages(750 words)Research Paper
The business cycle
Explanations for the fluctuations in an economy are the key concern of macroeconomics. According to the Keynesian view a business cycle sites the possibility of
4 Pages(1000 words)Research Paper
Business and Economic Forecasting
the wage rates will increase the cost of production which will lead to increase in the prices of products and eventually decrease in the demand of the products, hence the production will decrease. Same is true for the transportation costs (Hoshmand, 2009). However, it is
2 Pages(500 words)Research Paper
Research paper related to economic history
Economic history also gives the quality of the labor force as an aspect that greatly affects the economic performance of a country. The paper analyses the impact each of the factors has on the economy of a
4 Pages(1000 words)Research Paper
China's business cycle and government policy in economy development
n the other hand, macroeconomics focuses on the characteristics of the economy as a whole and not individual person or sector as in the microeconomics (Salvatore,1991). This research paper explores the indicators of economy and the necessary policies put or to be put in place in
12 Pages(3000 words)Research Paper
Economic Cycle
In the normal operations, modern industrial economies tend to experience swings in economic activity; sometimes ups and downs in terms of employment, spending and income among others, which influence the demand and
5 Pages(1250 words)Research Paper
Let us find you another Research Paper on topic Economic History and the Business Cycle for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us