- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
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1. Conformity to a common set of specifications, so that all units of a product, from a given producer or from multiple producers, are compatible and can serve the same purpose. 2. Conformity to an exacting set of specifications with regard to quality, such as the ISO9000 standards established maintained by the International Organization for Standardization.
Industry:Economy
A lending facility in the IMF established in 1952 for financing short-term payments difficulties.
Industry:Economy
1. A commitment to refrain from introducing new measures that are not consistent with an agreement. 2. In the Uruguay Round, the agreement not to introduce new GATT-inconsistent trade-restricting and trade-distorting measures during the negotiations. See rollback.
Industry:Economy
A theory of growth based on production and export of "staples" -- which seems, in this context, to mean raw materials. The theory was designed for understanding the early history of Canada, and is said to be most relevant for economies with an abundance of open land. See Watkins (1963).
Industry:Economy
A bank owned by government, other than the central bank, and performing the same functions as a commercial bank. State banks are often directed by their governments to provide credit to activities or persons favored by the government.
Industry:Economy
A system in which government plays a large and active role in the economy, owning large enterprises and using their influence in markets for political rather than purely economic ends.
Industry:Economy
A firm owned by government. Relations between SOEs and private firms on international markets raise special problems for GATT, since SOEs may not respond normally to market forces and their actions may reflect government policies.
Industry:Economy
1. Said of an estimated parameter if it is sufficiently different from zero, relative to an estimate of its probability distribution, that the probability of the actual parameter being zero is below some small threshold, such as 5%. 2. An estimate that is more than twice, in absolute value, its standard error.
Industry:Economy
A type of equilibrium, especially in a neoclassical growth model, in which those variables that are not constant grow over time at a constant and common rate.
Industry:Economy
A model in which one or more prices are assumed not to change when the markets in which they apply move out of equilibrium. Internationally, this can result in a violation of the law of one price.
Industry:Economy
