A New View Of Economic Growth

A New View of Economic Growth PDF
Author: Maurice FitzGerald Scott
Publisher: Oxford University Press
ISBN: 9780198287421
Size: 61.56 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 592
View: 1350

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This book presents a major new theory of economic growth. Orthodox theories explain both the level and growth of output by three main variables: employment, the capital stock, and technical progress. The new theory does not attempt to explain the level of output, only its change over a givenperiod, and so is more historical. The capital stock is not of central interest, and there is no separate rate of technical progress. The two main explanatory variables are the growth of employment and the rate of investment.As well as demolishing existing orthodox theories, the book demonstrates that the new theory can be used to explain why growth rates differ between different countries (mainly the United States, Japan, and the United Kingdom) and periods, and why the shares of profits and wages differ. Verdoon'sand Fabricant's Laws relating to productivity growth in different industries; taxation; optimum growth; and the productivity slow-down after 1973 are also discussed.

The Economics Of Sustainable Development

The Economics of Sustainable Development PDF
Author: Aaron L. Halpern
Publisher: Cambridge University Press
ISBN: 9780521469579
Size: 29.74 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 314
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Examines the implication for orthodox economic theory of explicitly considering resource depletion, pollution abatement and sustainability.

Economic Growth And The Balance Of Payments Constraint

Economic Growth and the Balance of Payments Constraint PDF
Author: John McCombie
Publisher: Springer
ISBN: 1349231215
Size: 67.15 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 616
View: 2236

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'... a well written book ... covering ... a vast amount of material ... well balanced between the theoretical and applied works. The authors are judicious and fair in providing a balanced treatment of the two alternative theories of growth performance: supply-oriented and demand-oriented. The book will serve as a guideline to researchers and policymakers ... as a textbook for upperdivision undergraduate and graduate courses.'- Kashi Nath Tiwari, Kennesaw State College This is the first book of its kind to argue in a consistent and comprehensive way the idea that a country's growth performance cannot be properly understood without reference to the performance of its tradeable goods sector and the strength of its balance of payments. It puts forward a demand orientated theory of why growth rates differ between countries where the major constraint on demand is the balance of payments. The book is critical of neoclassical growth analysis and provides an alternative theory of growth performance to the supply orientated approach of neoclassical theory. There are theoretical chapters comparing and contrasting neoclassical growth analysis with the new demand orientated approach, and empirical sections which apply the new model to regions and countries, including two case studies of the UK and Australia.

Investment Growth And Employment

Investment  Growth and Employment PDF
Author: Ciaran Driver
Publisher: Routledge
ISBN: 1134641796
Size: 78.94 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 384
View: 160

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Investment - in both facilities and know-how - is essential for growth. Economists try to understand the forces that determine investment, but investment behaviour is unruly; often the term animal spirits is used to explain the resulting volatility. This volume presents studies to explain international investment behaviour and assess its impact on growth and jobs. The authors also examine policy measures to reverse the climate of low investment that has characterised recent decades. The contributors examine how well standard models of investment work, the role of finance constraints, the effect of risk and uncertainty, the impact of alternative forms of corporate governance, the forces shaping the adoption of new technology, the impact of foreign direct investment, the effect of investment on the NAIRU and the causal structure of investment and growth. Editors introductions to the different sections of the book provide comprehensive overviews of the main theories of investment, the impact of investment on growth and employment and examine the main questions raised for policy makers.

Productivity And Growth

Productivity and Growth PDF
Author: Nicholas Oulton
Publisher: Cambridge University Press
ISBN: 9780521453455
Size: 52.42 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 315
View: 1430

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This book addresses the question of how much of growth output can be accounted for by growth of inputs and how much is due to growth of productivity for Britain.

Mainstream Growth Economists And Capital Theorists

Mainstream Growth Economists and Capital Theorists PDF
Author: Marin Muzhani
Publisher: McGill-Queen's Press - MQUP
ISBN: 0773592113
Size: 49.60 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 558
View: 1668

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Mainstream Growth Economists and Capital Theorists provides a historical survey and ideal introduction to modern economics, arguing that due to significant changes in recent years, a re-evaluation is in order. Marin Muzhani presents an informed study of the debates regarding economic growth and development that began in the 1930s in response to the Great Depression. He argues that in the wake of that crisis, the challenge for economists was to understand how to generate stable economic growth in order to prevent future crises. The theories of John Maynard Keynes, in particular, sought to explain the reasons for unemployment and recessions, paving the way for the field of macroeconomics and challenging the basic premises of neoclassical economics. In the late 1930s and 1940s, economists began to extend Keynes' ideas, synthesizing them with neoclassical ideas in order to explain economic growth. This "neoclassical synthesis" would dominate mainstream macroeconomic thought for the next forty years until the mid-1980s with the introduction of endogenous growth theories. Taking into account the historical background, the multitude of interpretations of modern growth models, and the geography of mainstream economists, Mainstream Growth Economists and Capital Theorists will simplify the structure of growth theory for the next generation of economists.

Global Economic Competition

Global Economic Competition PDF
Author: George Kozmetsky
Publisher: Springer Science & Business Media
ISBN: 9780792398547
Size: 76.58 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 426
View: 5048

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Global competitiveness has always been a hotly debated issue, promoting differing opinions among economists, management strategists, business leaders, and policy analysts and consultants. Global Economic Competition provides a broad framework to compare the United States economy with 23 other global economies. This is done by presenting empirical evidence in a series of comparative analyses of economic competition using data pertaining to specific countries, industries and companies. In this volume, the electronics industries are used to illustrate an ongoing economic warfare among competing regions, nations, and cluster companies across the electronic technology chain. Employing the latest empirical data to evaluate the competitiveness of the US economy and its electronic industries and companies in the 1980s and early 1990s, Global Economic Competition will be of interest not only to those who study economics, management science and international trade, but also to policy makers and business leaders.

Global Political Economy

Global Political Economy PDF
Author: Robert Gilpin
Publisher: Princeton University Press
ISBN: 069108677X
Size: 21.36 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 423
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The end of the Cold War has unleashed unique economic and political forces. Computers are an increasing impetus to the world economy, along with technological developments. This work studies these developments, and others, to survey the approaches to understanding international economic relations.

Developing Frontier Cities

Developing Frontier Cities PDF
Author: Harvey Lithwick
Publisher: Springer Science & Business Media
ISBN: 9401712352
Size: 41.46 MB
Format: PDF, Docs
Category : Social Science
Languages : en
Pages : 348
View: 795

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The Unique Nature of Frontier Cities and their Development Challenge Harvey Lithwick and Yehuda Grad us The advent of government downsizing, and globalization has led to enormous com petitive pressures as well as the opening of new opportunities. How cities in remote frontier areas might cope with what for them might appear to be a devastating challenge is the subject of this book. Our concern is with frontier cities in particular. In our earlier study, Frontiers in Regional Development (Rowman and Littlefield, 1996), we examined the distinction between frontiers and peripheries. The terms are often used interchangeably, but we believe that in fact, both in scholarly works and in popular usage, very different connotations are conveyed by these concepts. Frontiers evoke a strong positive image, of sparsely settled territories, offering challenges, adventure, unspoiled natural land scapes, and a different, and for many an attractive life style. Frontiers are lands of opportunity. Peripheries conjure up negative images, of inaccessibility, inadequate services and political and economic marginality. They are places to escape from, rather than frontiers, which is were people escape to. Peripheries are places of and for losers.

Proceedings Of The Conference Accounting And Economics

Proceedings of the Conference Accounting and Economics PDF
Author: Martin Shubik
Publisher: Routledge
ISBN: 1135608377
Size: 76.12 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 248
View: 6504

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First Published in 1996. Routledge is an imprint of Taylor & Francis, an informa company.

India The Political Economy Of Growth Stagnation And The State 1951 2007

India   The Political Economy of Growth  Stagnation and the State  1951 2007 PDF
Author: Matthew McCartney
Publisher: Routledge
ISBN: 1134023200
Size: 61.49 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 304
View: 922

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Understanding the drivers and inhibitors of economic growth is critical for promoting development in less developed countries, including India. This book examines economic growth in India from 1951 to the present, challenging many accepted orthodox views. It argues that growth and stagnation should be considered over the medium term, and that the precise role of the state – in relation to particular historical and political-economic circumstances – is more important than the overall level of state involvement or disengagement. The book uses an empirical approach to contend that the state has an important role in several key areas including: mobilising a surplus; allocating the surplus in an efficient way to productive investment projects; and in building institutions (including political parties) through which conflict can managed between the different losers and rent-seekers affected by economic changes. It shows how, over time and in periods of growth and stagnation, the state in India has acted in key areas, and how the actions of the state has had a profound impact on economic outcomes. Overall, the book makes a major contribution to understanding the economic history of development in India and to understanding the role of the state in economic development more generally.

Economic Perspectives

Economic Perspectives PDF
Author: Cees Bruggemans,
Publisher: AFRICAN SUN MeDIA
ISBN: 0992180600
Size: 22.39 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 138
View: 2514

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Peet Strydom celebrated his 75th birthday on 20 January 2012. Within the spirit of the Ruiterbosch Conferences over the past 14 years, the editors suggested a book to commemorate this event and to celebrate the stimulating and fruitful discussions we had in the past. The invitation to all participants was that they should write a chapter on their particular field of interest. The end result is this book with a wide range of very interesting national and international economic perspectives, all in honour of Peet Strydom.

Rx For Survival

Rx for Survival PDF
Author: Philip Hilts
Publisher: Penguin
ISBN: 1101143452
Size: 42.24 MB
Format: PDF
Category : Health & Fitness
Languages : en
Pages : 272
View: 5627

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A New York Times reporter's eye-opening call to arms in the fight against epidemic diseases We face a great choice. Philip Hilts, a prizewinning journalist for the New York Times and the Washington Post, argues in this report on global epidemic diseases that the world's leading nations now have the means to win the fight against "the coming plague"—but they must act quickly or face grave consequences. Based on firsthand visits to disease hot spots around the world and in-depth interviews with leading researchers and other medical pioneers working on the ground, who are the major forces pushing for a coordinated world campaign, Hilts tells the inspiring stories of remarkably simple but powerful new approaches that are leading to astonishing success.