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The magnitude and persistence of growth in gross domestic product are topics of intense scrutiny by economists. Although the existing techniques provide a range of tools to study the nature of growth and volatility time series, these usually come with shortcomings, including the need to arbitrarily define acceleration spells, and focus on a particular frequency at a time. This paper explores the application of "wavelet-based" techniques to study the time-varying nature of growth and volatility. These techniques lend themselves to a more robust analysis of short-term and long-term determinants of growth and volatility than the traditional decomposition techniques, as demonstrated on a small sample of countries. In addition to having desirable technical advantages, such as localization in time and frequency and the ability to work with non-stationary series, these techniques also make it possible to accurately decompose the association between growth trajectories of different countries over different time horizons. Such "co-movement" analysis can provide policy makers with important insights on regional integration, growth poles, and how short and long term developments in other countries affect their domestic economy.
Achieving Shared Growth --- Economic Conditions and Volatility --- Emerging Markets --- Finance and Financial Sector Development --- Growth --- Growth acceleration --- Macroeconomics and Economic Growth --- Poverty Reduction --- Science Education --- Scientific Research & Science Parks --- Volatility --- Wavelets
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For the past 30 years, business leaders have been exhorted to move faster and adopt a "ready, fire, aim" approach to the growth of their business. As the level of change and turbulence increases in all markets, all organizations must adapt--quickly!--or risk decline and decay. But what are the real behaviors, processes, and techniques that are critical to lead your organization at pace without creating confusion, frustration, and unnecessary risk? First and Fast provides business leaders with a comprehensive and pragmatic set of tools and ideas to enable them to increase pace, build momentum, and accelerate growth in a systematic way. This book is written for business owners, chief executives, other senior executives and managers, consultants, and business advisors. Readers will benefit by learning techniques to build and lead faster, more responsive organizations that are better able to grow and thrive in a fast-changing world. Among other things, they will know how to ensure that managers don't fall into the trap of sitting on yesterday's success when they should be shifting gears to deliver tomorrow's solutions, to demonstrate the necessary fast-paced leadership behaviors on a daily basis, and to transform their business from a "busy" organization to one that is genuinely the fastest and most effective in its market.
Organizational change. --- #1 Goal --- Business leader --- Customer focus --- Chief executive --- Customer responsiveness --- Fast-Lane innovation --- Fast-paced implementation --- Growth --- Growth acceleration --- Market leadership --- Organizational pace --- Organizational agility --- Profit --- Nothing fails like success --- Rapid-fire strategy --- 6-day strategy --- Rapid results
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