Balanced Versus Unbalanced Growth
Author | : Osman Sheikh Ahmed |
Publisher | : |
Total Pages | : 162 |
Release | : 1970 |
Genre | : Economic development |
ISBN | : |
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Author | : Osman Sheikh Ahmed |
Publisher | : |
Total Pages | : 162 |
Release | : 1970 |
Genre | : Economic development |
ISBN | : |
Author | : Carl Hampus Lyttkens |
Publisher | : |
Total Pages | : 15 |
Release | : 1981 |
Genre | : |
ISBN | : |
Author | : John Haldi |
Publisher | : |
Total Pages | : 64 |
Release | : 1965 |
Genre | : |
ISBN | : |
Author | : John Haldi |
Publisher | : |
Total Pages | : 0 |
Release | : 1965 |
Genre | : Developing countries |
ISBN | : |
Author | : James E. Rauch |
Publisher | : |
Total Pages | : 72 |
Release | : 1994 |
Genre | : Chile |
ISBN | : |
A mechanism of endogenous growth suitable for investigation of sectoral or regional interaction is developed. It is shown how the high value placed on production linkages by economic historians might be reconciled with the high value placed on openness (often implying lack of linkages) by observers of contemporary less developed countries. When the output of one sector is traded and the output of the other is nontraded, it is shown how the traded goods sector acts as the 'engine of growth' in the sense that its profitability of knowledge acquisition primarily determines the steady state aggregate growth rate. It is also shown how sectors or regions interact out of steady state through product, labor, and capital markets, and in particular how if the former interaction dominates the growth of one sector 'pulls along' the growth of the other while if the latter two interactions dominate one sector or region booms while the other declines. The paper builds on these results to show why liberalization of foreign trade should lead to a transition from a lower to a higher steady state growth rate and why, during the course of this transition, growth might initially be even slower than before liberalization. On this basis a reinterpretation of the post-1973 economic performance of Chile is offered. A final application to economic integration of previously separate regions or countries shows that the largest growth effects are to be had if one region is allowed to decline and provide a source of cheap labor for the other region.
Author | : Carl Chiarella |
Publisher | : Edward Elgar Publishing |
Total Pages | : 456 |
Release | : 2021-01-29 |
Genre | : Business & Economics |
ISBN | : 1789908000 |
As a whole this book adds the ‘Keynes’-component (K) to the Goodwinian vision of a ‘MKS-System’. It first provides a reconsideration of prominent past approaches towards the formation of Keynesian macrodynamics. Ultimately it aims to integrate Marx's Distributive Cycle and aspects of Schumpeter's reformulation of socialism and democracy theory, with Keynes' macro-theory of a ‘Tripartite Market Hierarchy’. This regards financial markets as being at the top, followed by goods markets which in turn are followed by the weakest element, the labor markets. It is completed by certain repercussions that influence the central causal nexus of these three fundamental macro-markets in the longer-run.
Author | : Edward J. Baca |
Publisher | : |
Total Pages | : 210 |
Release | : 1967 |
Genre | : Economic development |
ISBN | : |
Author | : Prem Singh Laumas |
Publisher | : |
Total Pages | : 248 |
Release | : 1964 |
Genre | : Economic development |
ISBN | : |
Author | : Ozay Mehmet |
Publisher | : Routledge |
Total Pages | : 232 |
Release | : 2002-01-22 |
Genre | : Business & Economics |
ISBN | : 1134626460 |
The second edition of this successful and popular text has been updated and revised to include recent issues in development economics. Significant new additions include: * Asian values and development * democracy, human rights and good governance * globalization and development * boxed summaries of key arguments and glossary. Westernizing the Third World identifies the mainstream economic theories which have been employed in developing countries. The author examines these and explains why Eurocentric concepts are not suitable for the developing world.
Author | : Scott K. Russ |
Publisher | : |
Total Pages | : 0 |
Release | : 1967 |
Genre | : Economic development |
ISBN | : |