Sow's ear effect

Sow's ear effect

The sow's ear effect is a term used in economics to describe when a country is unable to raise its productivity or per capita gross domestic product relative to other countries of similar development despite adjustments in macroeconomic policy, such as the exchange rate or the interest rate. This is due to deficiencies in on the supply side of the economy. This could be for reasons such as a poorly skilled labour force.

The term sow’s ear comes from the phrase: "You can’t make a silk purse out of a sow's ear".

ee also

*List of economics topics


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Catch-up effect — The catch up effect, also called the theory of convergence, states that poorer economies tend to grow at faster rates than richer economies. Therefore, all economies should in the long run converge in terms of per capita income and productivity.… …   Wikipedia

  • Эффект «свиного уха» — SOW’S EAR EFFECT Неспособность страны повысить производительность или увеличить валовой национальный продукт на душу населения, несмотря на все используемые методы регулирования экономики. Причиной этого является дефицит предложения, например,… …   Словарь-справочник по экономике

  • List of effects — This is a list of names for observable phenonema that contain the word effect, amplified by reference(s) to their respective fields of study. #*3D audio effect (audio effects)A*Accelerator effect (economics) *Accordion effect (physics) (waves)… …   Wikipedia

  • Convergence (economics) — The idea of convergence in economics (also sometimes known as the catch up effect) is the hypothesis that poorer economies per capita incomes will tend to grow at faster rates than richer economies. As a result, all economies should eventually… …   Wikipedia

  • Экономика предложения — SUPPLY SIDE ECONOMICS Раздел экономической науки, изучающий проблему производственного потенциала страны (см. Potential gross national product) и методы, при помощи которых можно расширить запас факторов производства и добиться гибкости рынков… …   Словарь-справочник по экономике

  • Cultural references to pigs — Painting of Saint Anthony with pig in background by Piero di Cosimo c. 1480 Pigs have inspired many idioms, and are frequently referenced in culture. They have become synonymous with several negative attributes, especially greed, gluttony, and… …   Wikipedia

  • Lipstick on a pig — To put lipstick on a pig is a rhetorical expression, used to convey the message that making superficial or cosmetic changes is a futile attempt to disguise the true nature of a product. [ [http://www.usingenglish.com/reference/idioms/put+lipstick+… …   Wikipedia

  • conspicuous austerity — (kawn.SPIK.yoo.us AWS.tair.uh.tee) n. 1. Spending large quantities of money on goods and services that convey an image of simplicity or austerity. 2. A lifestyle in which a person openly and deliberately uses goods and services that convey a… …   New words

  • Austin Kimberley — Manufacturer Leyland Australia Also called Austin Tasman Morris Tasman Morris Kimberley Production 1970 1974 Predecessor Austin 1800 Successor Leyland P76 …   Wikipedia

  • Bibliography of Andre Norton — This is a list of books by science fiction and fantasy author Andre Norton.ingle titles* The Prince Commands (1934) illustrated by Kate Seredy * Ralestone Luck (1938) illustrated by James Reid [http://www.gutenberg.org/etext/18817 Complete online …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”