Economics Terms Lexicon - Authoritative Dictionary and Knowledge Tests

About Economics Terms Lexicon

Welcome to EconomicsTermsLexicon.com! Our site offers a comprehensive and authoritative dictionary of economic terms, providing detailed definitions and explanations. Each dictionary entry references books, official publications, and government websites to ensure accuracy and reliability.

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đź“š Comprehensive Content: Our lexicon covers a wide range of economic terms and concepts, thoroughly explained to help users understand even the most complex topics.

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Harmonization
The process of convergence over time of tax rates and regulatory rules in countries belonging to an economic bloc.
Harrod-neutral technical progress
An economic concept where technological progress increases labor productivity but leaves the capital-output ratio unchanged.
Harrod–Domar Growth Model
An exploration of the Harrod–Domar growth model, its foundation, assumptions, and implications on economic growth.
Hausman Test
Model specification test to compare estimators for consistency and efficiency.
Hawala
A remittance system developed in India that operates parallel to standard banking or financial channels, based on trust and network communication.
Health and Safety at Work Act
The 1974 UK Act setting standards of health and safety at work and provisions for their enforcement.
Health Economics
A field of economics that studies economic aspects of health care provision and management.
Health Insurance
Insurance against medical expenses and loss of earnings due to accident or illness.
Heavily Indebted Poor Countries
A detailed examination of the group of 39 countries identified for potential debt relief by international financial institutions based on specific economic criteria.
Heckscher–Ohlin Model
A foundational framework in the theory of inter-industry trade, named after its creators, which postulates that differences in relative factor endowments drive international trade patterns.
Hedge Fund
An overview and analysis of hedge funds as investment vehicles focusing on speculative positions in markets for shares, currencies, and derivatives.