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Old 08-03-2011, 10:36 PM   #2
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crashometrics (G1)<br />The quantitative analysis of crashes in security or currency markets. This exercise provides a means of estimating the exposure of a portfolio to a market crash.

rent seeking (DO, Ll)<br />Monopolizing activity. This is much criticized as it produces a social waste rather than a social surplus.

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Solow residual (04)<br />That part of economic growth that cannot be explained by the growth of the labour force or the stock of capitaL<br /><em>Reference</em><br />Solow, R.M. (1957) 'Technical change and the aggregate production function', Review of Economic Studies 39: 312-20.

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