Line 3: |
Line 3: |
| ==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 |
− | *[http://en.wikipedia.org/wiki/17th_century 1666] | + | *[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> |
Line 9: |
Line 9: |
| 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 [http://en.wikipedia.org/wiki/GDP GDP] growth). Under some definitions, "slow" means significantly slower than [[potential]] growth as estimated by experts in [http://en.wikipedia.org/wiki/Macroeconomics macroeconomics]. Under other definitions, [[growth]] less than 2-3% per year is a sign of stagnation. | + | [[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 [http://en.wikipedia.org/wiki/Great_Depression Great Depression] and came to be [[associated]] with early [http://en.wikipedia.org/wiki/Keynesian_economics Keynesian economics] and [http://en.wikipedia.org/wiki/Harvard_University Harvard University] economics professor [http://en.wikipedia.org/wiki/Alvin_Hansen Alvin Hansen]. | + | 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]] |