Download or read book Contours of the World Economy 1 2030 AD written by Angus Maddison and published by Oxford University Press. This book was released on 2007-09-20 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to identify the forces which explain how and why some parts of the world have grown rich and others have lagged behind. Encompassing 2000 years of history, part 1 begins with the Roman Empire and explores the key factors that have influenced economic development in Africa,Asia, the Americas and Europe. Part 2 covers the development of macroeconomic tools of analysis from the 17th century to the present. Part 3 looks to the future and considers what the shape of the world economy might be in 2030. Combining both the close quantitative analysis for which ProfessorMaddison is famous with a more qualitative approach that takes into account the complexity of the forces at work, this book provides students and all interested readers with a totally fascinating overview of world economic history. Professor Maddison has the unique ability to synthesise vast amountsof information into a clear narrative flow that entertains as well as informs, making this text an invaluable resource for all students and scholars, and anyone interested in trying to understand why some parts of the World are so much richer than others.

Download or read book Essays in Macro and Development Economics written by Dzhamilya Nigmatulina and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in Macrodynamic Economics written by Kenneth K. Kurihara and published by State University of New York Press. This book was released on 1972-06-30 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part 1 looks at the perspective and prospective transition from macrostatics to macrodynamics. Part 2 examines the analytical and operational problems of advanced economies in varying stages of their development and with changing institutional and technological complexes. It also discusses boldly such controversial and paradoxical issues as the dichotomy between the post-Keynesian and neo-classical approach, the clash between macroeconomic desiderata, the incongruity between internal and external equilibria, the contradiction between laissez-faire and the policy-orientated patterns of development, and the contrast between macro- and multisectoral models of growth. The possibility (and desirability) of adding, to both Keynes's General Theory and post-Keynesian dynamics, such new dimensions as are attuned to the pressing and mounting needs of our restless society is discussed in both Parts. The ideas put forward by Professor Kurihara are intended to stimulate further hypothesis-making in the perplexing yet intriguing field of economic development. The book should prove useful to serious (and curious) students of 'dynamic economics' and 'development planning' not only in advanced economies but also in developing countries.

Download or read book Development Economics and Structuralist Macroeconomics written by Amitava Krishna Dutt and published by Edward Elgar Publishing. This book was released on 2003 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lance Taylor is considered to be one of the pre-eminent development economists in the world, and is known for his work on development planning, macroeconomics of development, stabilization policy and the global economy. He has also been the major force behind structuralist economics, which is seen by many to be a major alternative to orthodox development economics and policy prescriptions. The essays in this volume make contributions to each of these areas while honouring the contributions made by Taylor. Professional economists, researchers and policy makers interested in development economics, political economy, global political economy and viable alternatives to mainstream thought should find this collection a useful addition to their libraries.

Download or read book Three Essays on Macroeconomic Policy Development Economics and Economic Growth written by Navarat Temsumrit and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to fulfil the requirements for the degree of Doctor of Philosophy in Economics and Finance, at the University of St. Gallen, after the completion of the course-work and research phases, I hereby to provide the cumulative dissertation. The dissertation consists of three essays on macroeconomic policy, development economics and economic growth. The first chapter examines empirically the relationship between the cyclical pattern of fiscal policy in democratic developing countries and their quality of political institutions. This chapter uses updated data to analyse 63 developing countries from 1980 to 2013 and robustly shows that pro-cyclical fiscal policy exist in both democratic and non-democratic developing countries. The main contributions of this chapter are controlling the endogeneity issue by using the instrumental variable method and investigating the interactions between political institutions variables and the cyclicality of fiscal policy. The results suggest that an improvement in the level of institutional quality plays an important role to restrain pro-cyclical fiscal policy. These effects are larger in democratic countries than non-democratic ones. Additionally, the maturity and stability of a democratic regime influence in restraining the implementation of pro-cyclical fiscal policy. The second chapter studies the effects of demographic transition and unfunded pension system in affecting the economic growth of Thailand. The chapter adds the aspect of the informal sector and investments in children's education into the Overlapping Generation (OLG) model. We modify the model to allow individuals heterogeneity in their ages and exogenously assign to work either in the formal or informal sector. The results from our model suggest that the non-contribution pension system or old-age security schemes hinder the economic growth of the economy with a high share of the informal sector and low fertility rate like Tha.

Download or read book Contours of the World Economy 1 2030 AD written by Angus Maddison and published by OUP Oxford. This book was released on 2007-09-20 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to identify the forces which explain how and why some parts of the world have grown rich and others have lagged behind. Encompassing 2000 years of history, part 1 begins with the Roman Empire and explores the key factors that have influenced economic development in Africa, Asia, the Americas and Europe. Part 2 covers the development of macroeconomic tools of analysis from the 17th century to the present. Part 3 looks to the future and considers what the shape of the world economy might be in 2030. Combining both the close quantitative analysis for which Professor Maddison is famous with a more qualitative approach that takes into account the complexity of the forces at work, this book provides students and all interested readers with a totally fascinating overview of world economic history. Professor Maddison has the unique ability to synthesise vast amounts of information into a clear narrative flow that entertains as well as informs, making this text an invaluable resource for all students and scholars, and anyone interested in trying to understand why some parts of the World are so much richer than others.

Download or read book Essays in Macro and Development Economics written by Siyuan Ernest Liu and published by . This book was released on 2017 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this thesis study the implications of weak financial institutions for economic growth, allocation of resources, and economic development. Methodologically, the essays draw on a broad range of theoretical and empirical tools from both macro and microeconomics. Many currently and previously developing countries have adopted industrial policies that push resources towards certain "strategic" sectors, and the economic reasoning behind such polices is not well understood. In Chapter 1, I construct a model of a production network where firms purchase intermediate goods from each other in the presence of credit constraints. These credit constraints distort input choices, thereby reducing equilibrium demand for upstream goods and creating a wedge between the potential sales ("influence") and actual sales by upstream sectors. I analyze policy interventions and show that, under weak functional form restrictions, the ratio between a sector's influence and sales is a sufficient statistic that guides the choice of production and credit subsidies. Using firm-level production data from China, I estimate my sufficient statistic for each sector and show that it correlates with proxy measures of government interventions into the sector. Using a panel of cross-country input-output tables and sectoral production tax rates, I show that the tax rates for developing countries in Asia also correlate with the model-implied intervention measure. In joint work with Benjamin Roth, Chapter 2 offers a new explanation for why microcredit and other forms of informal finance have so far failed to catalyze business growth among small scale entrepreneurs in the developing world, despite their high return to capital. We present a theory of informal lending that highlights two features of informal credit markets that cause them to operate inefficiently. First, borrowers and lenders bargain not only over division of surplus but also over contractual flexibility (the ease with which the borrower can invest to grow her business). Second, when the borrower's business becomes sufficiently large she exits the informal lending relationship and enters the formal sector-an undesirable event for her informal lender. We show that in Stationary Markov Perfect Equilibrium these two features lead to a poverty trap and study its properties. The theory facilitates reinterpretation of a number of empirical facts about microcredit: business growth resulting from microfinance is low on average but high for businesses that are already relatively large, and microlenders have experienced low demand for credit. The theory features nuanced comparative statics which provide a testable prediction and for which we establish novel empirical support. Using the Townsend Thai data and plausibly exogenous variation to the level of competition Thai money lenders face, we show that as predicted by our theory, money lenders in high competition environments impose fewer contractual restrictions on their borrowers. We discuss robustness and policy implications. Motivated by the explosive growth of microfinance in India and the eventual collapse of the industry following the default crisis in 2010, my joint work with Daniel Green in Chapter 3 provides a theory that explains how institutional weakness in credit markets can fail to stimulate development even when there is ample credit supply. We show that when borrowers lack credible mechanisms to commit not to borrow further from other lenders in the future, not only does the increasing availability of lenders raise the interest rate on loans and reduce the amount of funds that entrepreneurs can borrow, but perversely it is those entrepreneurs with more profitable investment opportunities that will end up raising fewer investments precisely because they have stronger desires to seek out additional lenders in the future. This effect further discourages entrepreneurs from initiating the most efficient and productive endeavors, generating persistent underdevelopment.

Download or read book Development Macroeconomics written by Subrata Ghatak and published by Routledge. This book was released on 2009-03-09 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: This brings together relevant papers on macro-, monetary and development economics from many eminent economists from all over the world who are closely associated with the works of Late Professor Anita Ghatak of Greenwich University, UK who was an expert in the field of macroeconomics and econometrics. It comprises a variety of articles which are highly significant in the analysis of macroeconomic policies both in developed and in-transition economies. There are several main topics covered in this book such as the test of new theories of economic growth and convergence and the use of dynamic and rigorous time-series econometric methods for analysing money demand functions in transition economies. This work details the meaning of economic development and the comparative analysis of the recent growth of India and China, also the modelling of the macroeconomics of poverty reduction and the monetary policy rules in transition economies. Lastly, the research analyses the Asian Financial crisis, the impact of migration on investment and economic growth and international consumption patterns.

Download or read book Poverty Inequality and Development written by Alain de Janvry and published by Springer Science & Business Media. This book was released on 2006-06-09 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays honors a remarkable man and his work. Erik Thorbecke has made significant contributions to the microeconomic and the macroeconomic analysis of poverty, inequality and development, ranging from theory to empirics and policy. The essays in this volume display the same range. As a collection they make the fundamental point that deep understanding of these phenomena requires both the micro and the macro perspectives together, utilizing the strengths of each but also the special insights that come when the two are linked together. After an overview section which contains the introductory chapter and a chapter examining the historical roots of Erik Thorbecke's motivations, the essays in this volume are grouped into four parts, each part identifying a major strand of Erik's work—Measurement of Poverty and Inequality, Micro Behavior and Market Failure, SAMs and CGEs, and Institutions and Development. The range of topics covered in the essays, written by leading authorities in their own areas, highlight the extraordinary depth and breadth of Erik Thorbecke's influence in research and policy on poverty, inequality and development. Acknowledgements These papers were presented at a conference in honor of Erik Thorbecke held at Cornell University on October 10-11, 2003. The conference was supported by the funds of the H. E. Babcock Chair in Food, Nutrition and Public Policy, and the T. H. Lee Chair in World Affairs at Cornell University.

Download or read book Unconventional Economic Essays written by Amit Bhaduri and published by Oxford University Press, USA. This book was released on 1999 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of essays spanning a wide range of topics in micro-, macro-, and development economics. The author departs from the dominant neo-classical tradition and examines alternative approaches for analyzing theories of growth and distribution, planning techniques for project evaluation, problems of unemployment in advanced capitalist economies, and backward agriculture.

Download or read book Alternative Approaches in Macroeconomics written by Philip Arestis and published by Springer. This book was released on 2018-02-07 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book honours Professor John McCombie’s retirement by exploring a variety of themes, theories and debates in non-orthodox macroeconomics. With contributions from leading scholars, the book covers diverse ground in economic thought, policy, empirical work and modelling. It demonstrates ongoing presumptions and asks probing questions of topical questions from the increase of income equality to the international variation of productivity investment. This collection will appeal to academics and students with an interest in the history of macroeconomic thinking.

Download or read book The Macroeconomics of Developing Countries written by Giovanni Andrea Cornia and published by Oxford University Press. This book was released on 2020-03-26 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Macroeconomics of Developing Countries provides a comprehensive discussion of the exogenous factors and macroeconomic policies that affect the business cycle, long term growth, and distribution of income in developing countries. It examines countries dependent on natural resources and affected by supply rigidities in agriculture. They also feature dualistic markets, a large informal sector, rapid population growth, a vulnerable export sector, and chronic dependence on a volatile global finance. The Macroeconomics of Developing Countries uses these examples to analyse the impact of stablization and adjustment politices on growth, inequality, and poverty. Despite the launch of the Sustainable Development Goals there is little consensus on how macroeconomic policies can be consistent with these objectives. The Macroeconomics of Developing Countries demonstrates that a critical application of standard models to developing countries can generate erroneous results and induce the adoption of incorrect policy. In order to address this, it discusses the key structural differences between advanced and developing countries in order to justify the construction of alternative models.

Download or read book Essays on the Macroeconomics of Economic Development written by Michael Peters and published by . This book was released on 2012 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 1 contains a theory of misallocation. In contrast to a recent literature where misallocation stems from imperfect input markets, I study an economy with non-competitive output markets. This change of focus has two implications. In the cross-section of firms, static misallocation, i.e. the dispersion of marginal products, is not driven by constraints limiting expansion possibilities, but reflects the distribution of mark-ups. Dynamically, the distribution of mark-ups and the economy-wide rate of productivity growth are jointly determined by firms' innovation and entry incentives. The observed cross-country variation in the degree of misallocation might therefore be a symptom of more fundamental differences in the innovation environment. Using firm-level data from Indonesia, I present both reduced form evidence for this mechanism and estimate the models' structural parameters. In chapter 2, I study the interaction between migration and firms' technology choices. If firms can adapt their production technology, changes in labor supply will induce biased technological adoption. I test this hypothesis using data from one of the largest population transfer programs of the 20th century. After WW2, Germany lost part of its Eastern Territories. Within 2 years, more than 8m people were expelled and transferred to Western Germany. Using individual-level data of the 1960s and 70s I show that refugees experienced substantial reallocation into unskilled occupations, that refugee-rich counties have higher employment shares in occupations which require little formal human capital and that wages in those occupations are especially high in refugee-rich counties. In chapter 3, which is joint work with Joaquin Blaum and Claire Lelarge, we use a comprehensive dataset of French manufacturing firms to study firms' import behavior. We first document a new fact on the extensive margin of international trade: most firms source only few differentiated varieties of a given product internationally. We then build a simple model based on productivity differences across firms and show that in contrast to the literature on exports, more productive firms do not necessarily source their products from more countries. On the intensive margin, the theory has one robust implication: expenditure shares across varieties should be equalized in the cross-section of firms. While the data is supportive of this prediction across foreign varieties, more productive firms are subject to "home-bias" in that they spend too much on domestic inputs.

Download or read book Essays in Macroeconomics and Economic Development written by Liu Liu and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Studies in International Economics and Finance written by Naoyuki Yoshino and published by Springer Nature. This book was released on 2022-03-30 with total page 671 pages. Available in PDF, EPUB and Kindle. Book excerpt: This festschrift volume presents discussions on contemporary issues in international economics and finance. It is aimed to serve as a reference material for researchers. There are two broad sections of the book -- International Macroeconomics and International Finance. The chapters in the International Macroeconomics section discuss critical topics like aggregate level macro model for India with a new Keynesian perspective, balance of payments, service sector exports, foreign exchange constraints for import demands, foreign direct investment and knowledge spill over, the relationship between forex rate fluctuation and investment, Institutional quality-trade openness-economic growth nexus, currency crises and debt-deficit relationship in the BRICS countries in the backdrop of COVID-19. Apart from these, various analytical issues related to macroeconomic policies are also covered in this section. The topics discussed includes the nature of forex market interventions, the issue of disinvestment and privatization, changing nature of fiscal policy, the inflation-growth nexus, macroeconomic simulation modelling, measuring core inflation, central bank credibility, monetary policy, inflation targeting, Infrastructure, trade, unemployment and inequality nexus. In the International Finance section, topics such as COVID-19 induced financial crisis, commodity futures volatility, stock market connectivity, volatility persistence, determinants of sovereign bond yields, FII and stock market volatility, cryptocurrency price formation, financialization of Indian commodity market, and a Keynesian view of the financial crisis are discussed. Overall, thirty two chapters in the volume discuss cutting edge research in the areas of the two sections. A tour de force... a lucid guide to some of the diverse and complex issues in International Macroeconomics and Finance. This collection of scholarly works is a fitting tribute to respected Prof. Bandi Kamaiah and his enviable academic contributions. - Prof. Y V Reddy, Former Governor, Reserve Bank of India This volume comprising thoughtful essays by our leading scholars on some of important policy issues that India is facing is indeed a rich tribute to Professor Bandi Kamaiah . This book will greatly benefit the academic community as well as our policy makers. - Prof. Vijay Kelkar, Chairman, 13th Finance Commission of India; Chairman, India Development Foundation, Mumbai, India Noted economists from India and abroad gather to apply the rigorous searchlight that Professor Bandi Kamaiah used so effectively in his career. Major current topics in macroeconomics and international finance are effectively explored in the volume. - Prof. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai, India; and Member, Monetary Policy Committee of Reserve Bank of India This volume of 32 papers in macroeconomics, international economics, and international finance is intended as a tribute to the eminent econometrician , Prof B Kamaiah. Post-graduate students and researchers will find much valuable literature in the volume, which is a fitting tribute to Prof Kamaiah. The editors and authors deserve rich compliments. - Prof. K L Krishna, Former Director, Delhi School of Economics, New Delhi, India I am so happy to hear that Dr. Kamaiah's colleagues and ex-students are bringing out a special volume of articles in his honor. Nothing can be more appropriate. Dr. Kamaiah, being a man of tremendous publications, deserves this tribute. I wish all the luck and success to the new book. - Prof. Kishore Kulkarni, Distinguished Professor of Economics, Metropolitan State University of Denver, USA

Download or read book Development Macroeconomics written by Anita Ghatak and published by Routledge Studies in Developme. This book was released on 2009 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: This brings together relevant papers on macro-, monetary and development economics from many eminent economists from all over the world who are closely associated with the works of Late Professor Anita Ghatak of Greenwich University, UK who was an expert in the field of macroeconomics and econometrics. It comprises a variety of articles which are highly significant in the analysis of macroeconomic policies both in developed and in-transition economies. There are several main topics covered in this book such as the test of new theories of economic growth and convergence and the use of dynamic and rigorous time-series econometric methods for analysing money demand functions in transition economies. This work details the meaning of economic development and the comparative analysis of the recent growth of India and China, also the modelling of the macroeconomics of poverty reduction and the monetary policy rules in transition economies. Lastly, the research analyses the Asian Financial crisis, the impact of migration on investment and economic growth and international consumption patterns.

Download or read book Macromancy written by Douglas Rimmer and published by . This book was released on 1973 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic analysis paper on the use of gross national product as the criterion of economic growth, and the rate of investment as the determinant of the increase in gross domestic product in developing countries - discusses concepts such as the abstraction from income distribution in output aggregates, the definition of economic output for welfare measurement, human resources planning to raise growth rate, etc., and includes a chapter on development policy goals and effects. Bibliography pp. 62 to 64 and references.