Difference between revisions of "Stagnation"
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==Origin== | ==Origin== | ||
Latin. stagn{a}t- ppl. stem of stagn{a}re to stagnate, to be overflowed, f. stagn-um pool | Latin. stagn{a}t- ppl. stem of stagn{a}re to stagnate, to be overflowed, f. stagn-um pool | ||
| − | *[ | + | *[https://en.wikipedia.org/wiki/17th_century 1666] |
==Definitions== | ==Definitions== | ||
*1a : not [[flowing]] in a current or [[stream]] <stagnant water> | *1a : not [[flowing]] in a current or [[stream]] <stagnant water> | ||
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2: not advancing or [[developing]] <a stagnant [[economy]]> | 2: not advancing or [[developing]] <a stagnant [[economy]]> | ||
==Description== | ==Description== | ||
| − | [[Economic]] '''stagnation''' or economic immobilism, often called simply stagnation or immobilism, is a prolonged period of slow economic [[growth]] ([[traditionally]] [[measured]] in terms of the [ | + | [[Economic]] '''stagnation''' or economic immobilism, often called simply stagnation or immobilism, is a prolonged period of slow economic [[growth]] ([[traditionally]] [[measured]] in terms of the [https://en.wikipedia.org/wiki/GDP GDP] growth). Under some definitions, "slow" means significantly slower than [[potential]] growth as estimated by experts in [https://en.wikipedia.org/wiki/Macroeconomics macroeconomics]. Under other definitions, [[growth]] less than 2-3% per year is a sign of stagnation. |
The term bears [[negative]] connotations, but slow economic [[growth]] is not always the fault of economic policymakers. For example, [[potential]] [[growth]] may be slowed down by [[catastrophic]] or [[demographic]] reasons. | The term bears [[negative]] connotations, but slow economic [[growth]] is not always the fault of economic policymakers. For example, [[potential]] [[growth]] may be slowed down by [[catastrophic]] or [[demographic]] reasons. | ||
| − | Economic stagnation [[theories]] originated during the [ | + | Economic stagnation [[theories]] originated during the [https://en.wikipedia.org/wiki/Great_Depression Great Depression] and came to be [[associated]] with early [https://en.wikipedia.org/wiki/Keynesian_economics Keynesian economics] and [https://en.wikipedia.org/wiki/Harvard_University Harvard University] economics professor [https://en.wikipedia.org/wiki/Alvin_Hansen Alvin Hansen]. |
[[Category: Economics]] | [[Category: Economics]] | ||
Latest revision as of 02:32, 13 December 2020
Origin
Latin. stagn{a}t- ppl. stem of stagn{a}re to stagnate, to be overflowed, f. stagn-um pool
Definitions
- b : stale <long disuse had made the air stagnant and foul — Bram Stoker>
2: not advancing or developing <a stagnant economy>
Description
Economic stagnation or economic immobilism, often called simply stagnation or immobilism, is a prolonged period of slow economic growth (traditionally measured in terms of the GDP growth). Under some definitions, "slow" means significantly slower than potential growth as estimated by experts in macroeconomics. Under other definitions, growth less than 2-3% per year is a sign of stagnation.
The term bears negative connotations, but slow economic growth is not always the fault of economic policymakers. For example, potential growth may be slowed down by catastrophic or demographic reasons.
Economic stagnation theories originated during the Great Depression and came to be associated with early Keynesian economics and Harvard University economics professor Alvin Hansen.
