Download or read book Gap Disequilibria written by Lance Taylor and published by . This book was released on 1990 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Disequilibrium Sports Economics written by Wladimir Andreff and published by Edward Elgar Publishing. This book was released on 2015-09-25 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: For decades, sports economics has been set within the framework of equilibrium economics, in particular when modelling team sport leagues. Based on a conviction that this does not reflect real life, this book addresses a gap in the literature and opens up a new research area by applying concepts drawn from disequilibrium economics. It is divided into two parts, the first of which focuses on economic disequilibrium in sports markets and competitive imbalance in sporting contests. The second part concentrates on soft budget constraints and their consequences for club governance and management.

Download or read book Towards Operational Disequilibrium Macro Economics written by J.C. Siebrand and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most re cent contributions to disequilibrium theory have a high level of abstraction. Empirical studies explicitly based on disequilibrium are still relatively scarce. However, empirical macro economics anticipated the theoretical development, and amalgamated classical and Keynesian elements often without a clear-cut formal base. Now a theoretical integration of neo-classical and neo-Keynesian economics seems under way. There is a renewed interest in the micro-economic foundations of macroeconomics with a special focus on the behaviour of economic agents operating in non-clearing markets. In some instances these theoretical developments offer an ex post justification for empirical macro-economic practices. Generally however, they call for new ways of empirical macro-economic model building. This study operates on the border line between empirical macro economics and theoretical disequilibrium macro-economic theory. Our interest in macro-economic disequilibrium originates from the empirical side. Foreign trade relations for several countries revealed significant pressure of demand effects. Hence, the spillover of excess demand in domestic markets to foreign markets seemed a rather general phenomenon. This fact could be explained by a theory that states that actual demand for products from domestic ftrms will gene rally and systematically differ from the ex ante demand as suggested by equilibrium analysis. This latter demand concept comes close to Clower's 'notional demand' and Patinkin's 'potential demand'.

Download or read book Models of Disequilibrium and Shortage in Centrally Planned Economies written by C.M. Davis and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The centrally planned economies (CPEs) of the Soviet Union and Eastern Europe have experienced severe imbalances in domestic and external markets over the past several decades. As a result, they have been chronically afflicted by problems such as excess demand, repressed inflation, deficits of commodities, queues, waiting lists, and forced savings. Economists have responded to these phenomena by developing appropriate theoretical and empirical models of CPEs. Of particular note have been the pioneering studies of Richard Portes on disequilibrium econometric models and Janos Kornai on the shortage economy. Each approach has attracted followers who have produced numerous, innovative macro- and microeconomic models of Poland, Czechoslovakia, the German Democratic Republic, Hungary, and the USSR. These models have proved to be of considerable value in the analysis of the causes, consequences and remedies of disequilibrium phenomena. Inevitably, the new research has also generated controversies both between and within the schools of shortage and disequilibrium modelling, concerning the fundamental nature of the socialist economy, theoretical concepts and definitions, the specification of models, estimation techniques, interpretation of empirical findings, and policy recommend ations. Furthermore, the research effort has been energetic but incomplete, so many gaps exist in the field.

Download or read book Foundations for a Disequilibrium Theory of the Business Cycle written by Carl Chiarella and published by Cambridge University Press. This book was released on 2005-10-27 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building on The Dynamics of Keynesian Monetary Growth by Chiarella and Flaschel (2000), this book is a key contribution to business cycle theory, setting out a disequilibrium approach with gradual adjustments of the key macroeconomic variables. Its analytic study of a deterministic model of economic activity, inflation and income distribution integrates elements in the tradition of Keynes, Metzler and Goodwin (KMG). After a qualitative analysis of the basic feedback mechanisms, the authors calibrate the KMG model to the stylized facts of the business cycle in the U.S. economy, and then undertake a detailed numerical investigation of the local and global dynamics generated by the model. Finally, topical issues in monetary policy are studied in small macromodels as well as for the KMG model by incorporating an estimated Taylor-type interest rate reaction function. The stability features of this enhanced model are also compared to those of the original KMG model.

Download or read book Dynamic Disequilibrium Modeling Theory and Applications written by William A. Barnett and published by Cambridge University Press. This book was released on 1996-06-13 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: . The organizers of the ninth symposium, which produced the current proceedings volume, were Claude Hillinger at the University of Munich, Giancarlo Gandolfo at the University of Rome "La Sapienza," A. R. Bergstrom at the University of Essex, and P. C. B. Phillips at Yale University.

Download or read book Disequilibrium in the Labor Market in South Africa written by Mr.Bankim Chadha and published by International Monetary Fund. This book was released on 1994-09-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

Download or read book Equilibrium and Disequilibrium in Economic Theory written by G. Schwödiauer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is the result of a conference held at the Institute for Advanced Studies, Vienna. There is still a gap reflected both in fundamental meth odological differences and in the style of analysis between the Walrasian (and Edgeworthian) tradition of general equilibrium theory and the theo retical and policy problems raised in the framework of Keynesian and post-Keynesian macroeconomics. The conference succeeded in bringing together economic theorists working in fields ranging from abstract prob lems of mathematical equilibrium analysis to applied macroeconomic theory, and it is hoped that the present volume will contribute to bridging the above-mentioned hiatus. As organizer of the meeting and editor of its proceedings I want to thank the Institute for Advanced Studies for providing facilities and funds. I am also sincerely grateful to all my colleagues from the Institute for their generous help, in particular to Mrs Monika Herkner without whose assistance and organizational talent the conference would certainly not have been the success it in fact - in the opinion of all participants - turned out to have been. Furthermore, I wish to express my gratitude towards all participants in the meeting and contributors to the volume whose patient support of the whole enterprise proved indispensable. To Mrs Elfriede Auracher I am deeply indebted for her skillful and effective general management of the editorial work and her invaluable assistance in compiling the indexes.

Download or read book Chinese Economy in Disequilibrium written by Yining Li and published by Springer Science & Business Media. This book was released on 2013-11-25 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Known internationally as ‘Mr. Shareholding’ economist, Li Yining has had a transformative impact on China's economic transition, most notably as an early advocate of ownership reform and in his promotion of shareholding theory. By examining the interrelationship between the government, enterprises and the market, Chinese Economy in Disequilibrium presents an in-depth discussion on the issues of resource allocation, industrial structure, institutional innovation and economic fluctuation in the current Chinese economy under the condition of disequilibrium. Credited with developing the theory of economic disequilibrium, Professor Li distinguishes two types of disequilibrium on the basis of whether or not the majority of firms in the economy are viable profit-makers. In Chinese Economy in Disequilibrium, Professor Li points out that not only has China’s economy been in a state of disequilibrium, but it also has issues with enterprises not being under budget constraint. Given the limitations of market regulation under economic disequilibrium, Professor Li advocates the reform of the enterprise system and upholds the government’s leading role in the establishment of order in the socialist commodity economy. A number of measures are also proposed with the aim of facilitating the transition of China’s economy from disequilibrium to equilibrium. The central theme is that the reform and transition are means to serve economic growth and social development, which would eventually benefit the ordinary citizens in society. Yining Li is a Professor of Economics and Emeritus Dean of Peking University’s Guanghua School of Management. He is one of China’s foremost economists, and the author of twenty books and numerous articles on a wide range of economic subjects including reform and development in China. He has received a number of prestigious awards and honours for his research. As the leading proponent of a market economy in China, Professor Li has had a tremendous influence on China’s economic reform policy over the last three decades. He has served on the Standing Committee of the National People’s Congress of China and is currently Vice-Chairman of the Economic Committee of the Chinese People’s Political Consultative Conference.

Download or read book Creativity and Strategy written by Chetan Walia and published by Springer Nature. This book was released on 2021-06-21 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an integrative analysis of creativity and strategic practices, particularly strategic problem formulation and strategic decision making. It examines the decision and not the individual as a unit of analysis, which leads to a deeper understanding of creative outcomes. It draws a correlation between strategic intent and creative outcomes, both positive and negative, and provides an integrated framework for understanding creativity. Finally, the book develops a creative strategic framework and draws conclusions for the practice of management and for future research.

Download or read book New Directions in Development Economics written by Mats Lundahl and published by Routledge. This book was released on 2005-08-10 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: New Directions in Development Economics is divided into two parts. The first half considers the dilemna of growth with special reference to its environmental cost. The second half focuses on the role of the state in the context of the growing dominance of the free market argument. The contributors include Paul Collier, Partha Dasgupta, Ronald Findlay and Deepak Lal.

Download or read book Foreign Trade Reforms and Development Strategy written by Jean-Marc Fontaine and published by Routledge. This book was released on 2005-07-27 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: An effective rebuttal to the orthodox view that developing countries should liberalise their trade policies. The contributors consider both the theoretical framework and the empirical evidence.

Download or read book The New International Economic Order written by P. N. Agarwala and published by Elsevier. This book was released on 2014-05-20 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New International Economic Order: An Overview focuses on the influence of the creation of the New International Economic Order (NIEO) on the economy of different countries. The book first offers information on the structure of world economy, prospects, and obstacles to the NIEO. Topics include obstacles to the production and distribution of primary commodities and energy, transfer of technology, commodity trade, international finance, function of international law in the NIEO, and prospects and problems of the NIEO. The text then examines the financial, political, and institutional issues of the NIEO. Discussions focus on policies and practices of nationalization; asymmetries and dependency of developing countries in the social science subsystem; and renegotiation of third world debt and appropriate adjustments in international trade. The manuscript takes a look at the relationship of international trade, industrialization, and the NIEO and social and cultural issues of the NIEO. Topics include women in the labor force, health and medical care, education as a step toward development, military considerations, competitiveness of natural resources, and access to raw materials and supplies. The book also reviews the positions of the United States, Canada, Africa, and the Middle East on the NIEO. The publication is a dependable reference for readers interested in the New International Economic Order.

Download or read book Income Distribution Inflation and Growth written by Lance Taylor and published by MIT Press. This book was released on 1991 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structuralist macroeconomics has emerged recently as the only viable theoretical alternative for economists and practitioners in developing countries. Lance Taylor's innovative work represents a landmark in this field. It codifies a new generation of structuralist macroeconomic models that incorporate the economic power relationships of key institutions and groups, integrates both finance and real macroeconomics, and covers a diverse range of experience in the developing world over the past three decades. In an introduction Taylor explains his methodology, describes assumptions underlying the models used, and reviews theories that relate economic growth and the role of financial assets. He then takes up basic structuralist models of a closed economy and moves on to consider the open economy cases. He incorporates the latest developments in the field (inflation, financial crisis, exchange rate management, increasing returns, and the like) in a treatment that departs substantially from economic orthodoxy. Taylor first addresses the question of how to specify "closure" or define the causal structure of macro models. He also considers how income redistribution influences growth and output and how income redistribution interacts with inflation. Next, an investment-driven non-full employment growth model draws on ideas introduced earlier to illustrate how different sorts of macroeconomic policies affect short-run adjustment and growth prospects over time. Taylor then turns to the problems proposed by economic openness in a stylized semi-industrialized country, starting with international trade. A fix-price/flex-price model is developed, and additional models demonstrate cases of policy relevance as well as interactions between class conflict and growth.

Download or read book Globalization and the Developing Countries written by David Bigman and published by CABI. This book was released on 2002 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The globalization process and the internal policy reforms that the developing countries have implemented during the past decade have changed the relative prices of practically all their inputs and outputs. Agricultural producers have therefore been forced to change the structure and methods of their production. The objective of this book is to review the impact of globalization on a number of issues. These include the effects of changes in global trading rules and regulations, the removal of trade barriers and the elimination of many country-specific trade agreements.

Download or read book South African Economy written by Peter Brixen and published by Routledge. This book was released on 2005-09-27 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the macroeconomic prospects for South Africa until the new millennium? Two methods of macroeconomic modelling, associated with the World Bank and IMF, are used here to generate three scenarios, based on moderately optimistic projections. The methodology used can be applied to other developing countries.

Download or read book Gatekeepers of Growth written by Sylvia Maxfield and published by Princeton University Press. This book was released on 1998-07-13 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks can shape economic growth, affect income distribution, influence a country's foreign relations, and determine the extent of its democracy. While there is considerable literature on the political economy of central banking in OECD countries, this is the first book-length study focused on central banking in emerging market countries. Surveying the dramatic worldwide trend toward increased central bank independence in the 1990s, the book argues that global forces must be at work. These forces, the book contends, center on the character of international financial intermediation. Going beyond an explanation of central bank independence, Sylvia Maxfield posits a general framework for analyzing the impact of different types of international capital flows on the politics of economic policymaking in developing countries. The book suggests that central bank independence in emerging market countries does not spring from law but rather from politics. As long as politicians value them, central banks will enjoy independence. Central banks are most likely to be independent in developing countries when politicians desire international creditworthiness. Historical analyses of central banks in Brazil, Mexico, South Korea, and Thailand, and quantitative analyses of a larger sample of developing countries corroborate this investor signaling explanation of broad trends in central bank status.