In a situation whereby the working-age population is growing, as in our study countries, the implication of a declining employment ratio is that the size of the non-employed population (also see Table 2)—our indicator of migration pressure will increase.
The private-sector economists who provide The Economist each month with forecasts for the big economies (published on our indicator pages) are allowed no such luxury.
Forecasts for GDP growth in Germany, the largest economy in the euro area, have been revised down (to zero this year and 1.2% in 2004, according to the forecasters polled monthly for our indicator pages), yet German share prices have risen roughly twice as fast as other markets since March.
However, our indicator set is somewhat incomplete.
On the emotional side, our indicator is "I had a sense of well-being".
Potentially, this simultaneity issue may also be problematic for our indicator of technological change.
Our results showed that the social aspect criteria in our indicator system are mostly absent in the current EIA practice.
Overall, the results support our indicator as ex ante measure of technological novelty with the potential to drive radical technological change.
The market equilibrium from individual occupational choices determines the relative size of each occupation group, as well as the average productivity of the economy (our indicator of welfare).
Using the questionnaires elaborated beforehand, relevant data about the development of the Mahadevsthan MHP since its feasibility study in 2006 was gathered to feed to our indicator system.
As a result, our indicator of labor market knowledge imperfections would be larger, the larger the difference between the regional and the national unemployment rate.
