Author: Jaime Alonso-Carrera
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
We analyze the equilibrium of a multi-sector exogenous growth model where the introduction of minimum consumption requirements drives structural change. We show that equilibrium dynamics simultaneously exhibit structural change and balanced growth of aggregate variables as is observed in US when the initial intensity of minimum consumption requirements is sufficiently small. This intensity is measured by the ratio between the aggregate value of the minimum consumption requirements and GDP and, therefore, it is inversely related with the level of economic development. Initially rich economies benefit from an initially low intensity of the minimum consumption requirements and, as a consequence, these economies end up exhibiting balanced growth of aggregate variables, while there is structural change. In contrast, initially poor economies suffer from an initially large intensity of the minimum consumption requirements, which makes the growth of the aggregate variables unbalanced during a very large period. These economies may never exhibit simultaneously balanced growth of aggregate variables and structural change.
Author: Ludovico Alcorta
Publisher: Oxford University Press
ISBN: 0192590375
Category : Business & Economics
Languages : en
Pages : 688
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Book Description
New Perspectives on Structural Change is a comprehensive edited volume that outlines both the historical roots and state-of-the-art debates on the role of structural change in the process of economic development, including both orthodox and heterodox perspectives and contributions from prominent scholars in this field. The volume consists of four main sections. The first section covers the theoretical foundations of the structural change literature. The second section presents an empirical overview of the major trends of structural change, using up-to-date data sources and methods. The third section presents a broad ranging empirical analysis of the drivers of structural change. The fourth section examines how processes such as inclusive growth, poverty reduction, productive employment, the global income distribution, and environmental sustainability are affected by structural change, and how they can be influenced by policy.
Author: Nigel M. Healey
Publisher: Bloomsbury Publishing
ISBN: 1349128317
Category : Business & Economics
Languages : en
Pages : 211
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Book Description
The issues of growth performance and structural change are critical to an appreciation of British economic development. This new text reviews Britain's growth performance and considers the changing structure of the economy. It also incorporates a discussion of the controversial political issues in this sphere: disindustrialisation, North Sea oil and the environmental cost of economic growth. Against this background, the book analysis the evolution of supply-side policy in the post war years, and speculates on its likely development in the 21st century.
Author: Denis Stijepic
Publisher: Sudwestdeutscher Verlag Fur Hochschulschriften AG
ISBN: 9783838125954
Category :
Languages : en
Pages : 324
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Book Description
Structural change, i.e. the change in the sector structure of the economy, is one of the most striking empirical facts of the development process. Well known examples of structural change are "industrialisation" and "transition to a services economy," which have key impacts on society, economy and especially (aggregate) economic growth. I elaborate the mathematical and theoretical foundations of structural change modelling; especially, I discuss the usage of partially balanced growth paths in structural change modelling and the integration of structural change into the neoclassical growth model (Ramsey-Cass-Koopmans-model). I systematise the literature on structural change by classifying different schools according to their modelling approach. Finally, I use my concepts for analysing some actual economic topics related to structural change and long-run economic growth. Especially, I analyse the Kuznets-Kaldor-puzzle, the impacts of offshoring on real GDP-growth and the effects of demand-shifts associated with population ageing.
Author: Reto Foellmi
Publisher: Springer Science & Business Media
ISBN: 354028513X
Category : Business & Economics
Languages : en
Pages : 161
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Book Description
This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which enables to analyze macroeconomic models consistent with these empirical facts. As a result, central macroeconomic phenomena are better understood: the reasons behind long-run growth, structural change, and the influence of inequality on innovations and growth.
Author: Kwang Suk Kim
Publisher: BRILL
ISBN: 1684172195
Category : History
Languages : en
Pages : 224
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Book Description
This study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of development to the colonial period. The authors explore in detail colonial development, changing national income patterns, relative price shifts, sources of aggregate growth, and sources of sectoral structural change, comparing them with other countries.
Author: Denis Stijepic
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Luigi L. Pasinetti
Publisher: CUP Archive
ISBN: 9780521236072
Category : Business & Economics
Languages : en
Pages : 308
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Book Description
This book presents an original theoretical treatment of the problems of maintaining full employment in a multisector economic system
Author: Richard Arena
Publisher:
ISBN: 9781107230347
Category : Economic development
Languages : en
Pages : 296
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Book Description
Ever since Adam Smith, economists have been preoccupied with the puzzle of economic growth. The standard mainstream models of economic growth were and often still are based either on assumptions of diminishing returns on capital with technological innovation or on endogenous dynamics combined with a corresponding technological and institutional setting. An alternative model of economic growth emerged from the Cambridge School of Keynesian economists in the 1950s and 1960s. This model - developed mainly by Luigi Pasinetti - emphasizes the importance of demand, human learning and the growth dynamics of industrial systems. Finally, in the past decade, new mainstream models have emerged incorporating technology or demand-based structural change and extending the notion of balanced growth. This collection of essays reassesses Pasinetti's theory of structural dynamics in the context of these recent developments, with contributions from economists writing in both the mainstream and the Cambridge Keynesian traditions and including Luigi Pasinetti, William Baumol, Geoffrey Harcourt and Nobel laureate Robert Solow.
Author: Norman Gemmell
Publisher: Palgrave Macmillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
Structural change, economic development, service sector, case study, Egypt - public sector, private sector, tax system and financing of public services, economic growth, employment. Bibliography, graphs, statistical tables.
