Robust findings and key uncertainties are highlighted, including the critical role of the power sector, trade-offs between resources, sectors, key energy technologies and behavioural responses, and the increasing level and spread of CO2 marginal prices and GDP impacts.
Nonetheless, the marginal effect of the host GDP exceeds that of the home GDP, which implies that growth of production capacity in host countries positively contributes to attract FDI.
In Belgium, where the contribution of forestry to the GDP is very marginal, the importance of sustaining biodiversity and natural ecological processes alongside production-oriented forestry is worth mentioning.
In fact, a wonderful graph by Eliot Spitzer in Slate of the history of marginal tax rates shows that the GDP growth rate has been basically stagnant since 1980 with the decline in marginal income tax rates.
Since consumer demand is the largest component of GDP and since the marginal propensity to consume is higher among the (working) poor, the economic implications of diminished real earnings are large and important.
As to what is the appropriate debt-to-GDP ratio to pursue in the long run, that is a difficult empirical question: when marginal increases in the debt-to-GDP ratio sharply raise expectations of long-run inflation and sharply raise real interest rates, then the debt-to-GDP ratio is more than high enough and should not go any higher.
The IMF's assessment was similar; it predicted a 5.1% drop in GDP in 2009, followed by a marginal 0.1% recovery in 2010.
Fig. 2 GDP per capita and population on marginal land, LAC economies.
Third quarter GDP was positive albeit at a subpar and marginal 2.2%.
Interestingly, we note marginal differences in the predicted probability at varying levels of GDP per capita.
