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1. Referring only to the characteristics of something being described, rather than exact numerical measurement. 2. Indicative only of relative sizes or magnitudes, rather than their numerical values. A qualitative comparison would say whether one thing is larger, smaller, or equal to another, without specifying the size of any difference. As opposed to quantitative.
Industry:Economy
1. As introduced by the Bank of Japan during the 1990s, this meant expanding the money supply by open market operations after the nominal interest rate was zero. Since the interest rate could fall no further, the intent was that the quantity of money would directly stimulate aggregate demand. 2. As introduced in response to the financial and economic crisis of 2008, it referred not just to expanding the money supply, but to doing it by central bank purchases of assets other than short-term government securities, such as mortgage backed securities. The purpose was to provide credit more directly to parts of the economy that needed it.
Industry:Economy
A restriction on trade, usually imports, limiting the quantity of the good or service that is traded; a quota is the most common example, but VERs usually take the form of QRs. QRs on traded services are more likely to restrict the number or activities of foreign service providers than the services themselves, since the latter are hard to monitor and measure.
Industry:Economy
A method of defining relative factor abundance based on ratios of factor quantities: Compared to country ''B'', country ''A'' is abundant in factor ''X'' relative to factor ''Y'' iff ''X<sup>A</sup>/Y<sup>A</sup> > X<sup>B</sup>/Y<sup>B</sup>'', where ''I<sup>J</sup>'' is the quantity of factor ''I'' with which country ''J'' is endowed, ''I=X'',''Y'', ''J=A'',''B''.
Industry:Economy
A measure of the average quantities of a group of goods relative to a base year. This is usually obtained by using a price index to convert nominal value (price times quantity) to real values, which are then compared to provide the quantity index.
Industry:Economy
A quota specifying quantity, in units, weight, volume, etc. Of a good.
Industry:Economy
A utility function of the form ''U''(''x''<sub>0</sub>,''x''<sub>1</sub>,. . . ,''x<sub>n</sub>'') = ''x''<sub>0</sub> + ''<sub>i</sub>u<sup>i</sup>''(''x<sub>i</sub>''), where ''u<sup>i</sup>''() are strictly concave functions. This is useful for generating demand functions for goods ''x<sub>i</sub>'' that depend only on their own prices in terms of the numeraire ''x''<sub>0</sub>.
Industry:Economy
1. A government-imposed restriction on quantity, or sometimes on total value. 2. An import quota specifies the maximum amount of an import per year, typically administered with import licenses that may be sold or directly allocated, to individuals or firms, domestic or foreign. May be global, bilateral, or by country. 3. An IMF quota.
Industry:Economy
A quota that specifies the total amount to be imported (or exported) and also assigns specific amounts to each exporting (or importing) country.
Industry:Economy
A growth model in which savings is determined endogenously to be optimal, in contrast to the Solow Model in which the savings propensity was a parameter.
Industry:Economy
