Efficiency
in sentence
1341 examples of Efficiency in a sentence
The alternative to this price-oriented approach – continued dependence on the quota system – would incur considerable administrative expenses,
efficiency
losses, and social costs stemming from rent-seeking and corruption.
In Europe,
efficiency
would be enhanced by a unified VAT rate, instead of creating distortions by charging different rates for different goods.
Still, the IMF is right – on grounds of both fairness and
efficiency
– to raise the idea of temporary wealth taxes in advanced countries to relieve fiscal distress.
Good and Bad InequalityPRINCETON – In the pantheon of economic theories, the tradeoff between equality and
efficiency
used to occupy an exalted position.
The American economist Arthur Okun, whose classic work on the topic is called Equality and Efficiency: The Big Tradeoff, believed that public policies revolved around managing the tension between those two values.
The belief that boosting equality requires sacrificing economic
efficiency
is grounded in one of the most cherished ideas in economics: incentives.
In such ways, the Paris agreement ensures both fairness and
efficiency.
Even more popular is the supply-side recommendation of a shift from extensive to intensive growth – that is, from a model based on capital accumulation to one propelled by gains in efficiency, measured by total factor productivity (TFP).
More important, if China’s TFP growth is expected to slow, as major drivers like the convergence effect wane, what does it mean to say that
efficiency
gains should propel China’s future growth?
The additional supply, however, ultimately causes prices to fall, reducing the incentive to invest in alternative energy sources or energy
efficiency.
A better approach is possible: Directly reward those who do invest in a low-carbon future, whether by enhancing energy
efficiency
or developing clean energy sources.
Finally, Brazil’s policymakers should aim to remove, or at least significantly reduce, existing tax obstacles to
efficiency
and competitiveness.
China, for its part, has become a major workhorse of globalization – an assembly hub for inputs produced by multi-country supply chains and an offshore
efficiency
solution for hard-pressed Western multinational corporations.
National governments introduce
efficiency
standards, taxes, and other policy instruments to improve the environmental performance of buildings, vehicles, and transport fuels.
But the Blueprints scenario will be realized only if policymakers agree on a global approach to emissions trading and actively promote energy
efficiency
and new technology in four sectors: heat and power generation, industry, transport, and buildings.
Taxing intermediate inputs will hurt efficiency, while shifting resources away from dynamic high-tech sectors in favor of old-line manufacturing will depress productivity growth, with further negative implications for investment.
Or should they connect the dots and frame a vision of a Europe that can compete in a global economy where resource efficiency, clean energies, and low-carbon prosperity are the ingredients of success?
The economic transition would help maintain and strengthen Europe’s competitiveness in a global economy that is increasingly competing on the basis of sustainability and resource
efficiency.
The hybrid aircraft – which combine a helicopter’s ability to take off and land vertically with the range, loading capacity, fuel efficiency, and speed of a turboprop airplane – are instrumental to deter possible Chinese or North Korean aggression in the area.
Steps that reduce global dependence on the region’s energy supplies (including improvements in fuel
efficiency
and development of alternative sources) also make great sense.
The energy intensiveness of the economy will continue to decline at an average annual rate of 1.6%, as
efficiency
gains and structural shifts offset part of the overall growth in demand.
For example, between 1978 and 1987, government regulations produced an improvement of 40% in the fuel
efficiency
of new American-made cars.
Although the theory of optimal income taxation directly addresses the tradeoffs between
efficiency
incentives and distributional consequences, the appropriate equilibrium remains a long way off.
They should also welcome the establishment of electronic platforms for selling and trading corporate bonds, to create more transparency and
efficiency
in the marketplace.
The government’s “Green Deal” could serve as a flagship example of how to create incentives for homeowners to improve their energy
efficiency.
The risk is that lower costs would encourage more frequent elections and referenda, thereby undermining the
efficiency
of government.
This would provide them with an incentive even before that point to make decisions concerning energy pricing and
efficiency
that would reduce the growth of their emissions without impeding economic growth, and thus extend the period during which their emission levels remain unrestricted.
Between the first and second half of the 1990's, the "residual component of yearly productivity growth" (the part measuring the
efficiency
with which all the factors of production are used), declined by over 1% in Italy, Spain, and the UK.
And Putin, who has declared privatization to be worthwhile even at lower prices (owing to implied
efficiency
gains), seems ready to issue the orders.
On the contrary, if privatization does not raise budget revenues or increase efficiency, the public is likely to deem it illegitimate.
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