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Author: Leszek Balcerowicz
Publisher: World Bank Publications
ISBN: 1464803269
Category : Business & Economics
Languages : en
Pages : 355
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Book Description
By comparing countries like Venezuela and Chile, China and India, Dominican Republic and Haiti, and others, the book tries to answer the questions of which institutions and policies are crucial for stable long term economic growth.
Author: Leszek Balcerowicz
Publisher: World Bank Publications
ISBN: 1464803269
Category : Business & Economics
Languages : en
Pages : 355
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Book Description
By comparing countries like Venezuela and Chile, China and India, Dominican Republic and Haiti, and others, the book tries to answer the questions of which institutions and policies are crucial for stable long term economic growth.
Author: Mark Skousen
Publisher: Edward Elgar Publishing
ISBN: 1800886489
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
Economics is full of puzzles and paradoxes that often frustrate and challenge everyone, including economists. This engaging book includes fifty puzzles and focuses on three types of paradox. First, everyday observations that appear to belie common sense (such as why some supermarket items sell for more per ounce in larger sizes). Secondly, those paradoxes which have perplexed economists in the past but have since been fairly resolved (such as the diamond–water paradox). Finally, empirical or conceptual anomalies that remain unresolved and present a challenge to today’s economists (such as the voting paradox).
Author: Philippe Askenazy
Publisher: Oxford University Press
ISBN: 0191089400
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
The 2008 financial crisis put an end to an era of sustained economic growth in Europe. The size of the shock differed across European countries and affected economies in different ways. Yet despite this heterogeneity, most European countries suffered a prolonged period of economic slowdown which raised concerns about the risk of a secular stagnation in Europe. This book focuses on labour productivity in Europe, one of the main drivers of growth and prosperity. Although productivity trends became the focus of policy interest in the immediate aftermath of the recession in the UK, 'productivity puzzles' received much less attention in the rest of Europe. These 'puzzles', which are apparent to greater or lesser extents in most European economies, centre on the marked decline in labour productivity growth which occurred with the on-set of recession. They are puzzles because, in neo-classical economics, firms respond to demand shocks by laying off workers, thus maintaining labour productivity and limiting growth in unit labour costs. Yet this didn't happen in this recession - at least, not to the same extent as in previous recessions, except in Spain. This book brings together contributions from leading European economists who analyse production models and macroeconomic policies, with specific focus on European countries that represent around 60% of the EU GDP. Chapters on France, Germany, the UK, and Spain provide new evidences at the firm/workplace level, and stress the role of transitory labour market mechanisms
Author: David Adler
Publisher: CFA Institute Research Foundation
ISBN: 1944960848
Category : Business & Economics
Languages : en
Pages : 274
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Book Description
This monograph is a collection of articles on productivity and related topics submitted by speakers at an interdisciplinary November 2017 conference sponsored by, among others, the CFA Institute Research Foundation, with additional articles solicited by the editors from noted experts on the field.
Author: Philippe Aghion
Publisher: MIT Press
ISBN: 0262303892
Category : Business & Economics
Languages : en
Pages : 519
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Book Description
A comprehensive, rigorous, and up-to-date introduction to growth economics that presents all the major growth paradigms and shows how they can be used to analyze the growth process and growth policy design. This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory; the reader need not master all the subtleties of dynamic programming and stochastic processes to learn what is essential about such issues as cross-country convergence, the effects of financial development on growth, and the consequences of globalization. The book, which grew out of courses taught by the authors at Harvard and Brown universities, can be used both by advanced undergraduate and graduate students, and as a reference for professional economists in government or international financial organizations. The Economics of Growth first presents the main growth paradigms: the neoclassical model, the AK model, Romer's product variety model, and the Schumpeterian model. The text then builds on the main paradigms to shed light on the dynamic process of growth and development, discussing such topics as club convergence, directed technical change, the transition from Malthusian stagnation to sustained growth, general purpose technologies, and the recent debate over institutions versus human capital as the primary factor in cross-country income differences. Finally, the book focuses on growth policies—analyzing the effects of liberalizing market competition and entry, education policy, trade liberalization, environmental and resource constraints, and stabilization policy—and the methodology of growth policy design. All chapters include literature reviews and problem sets. An appendix covers basic concepts of econometrics.
Author: Maria Brouwer
Publisher: University of Michigan Press
ISBN: 9780472102549
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
Combines Schumpeter's theory and modern economics to give a new view of innovation in small and large firms
Author: Mark A. Pisano
Publisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 0
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Book Description
This book explains how sweeping demographic changes have resulted in the ineffectiveness of recent monetary and fiscal policies, and it identifies corrective actions that will start to reverse the trends of low economic growth and widespread government deficits. The field of demographics does not focus on the economic impacts and the funding issues resulting from demographic change. Similarly, economics does not take into account demographic changes. The omissions in both fields are negatively impacting the nation: income reductions caused by demographic changes that have not been accounted for are so large that current fiscal policies are not able to mitigate them. The Puzzle of the American Economy: How Changing Demographics Will Affect Our Future and Influence Our Politics exposes the factors that are undermining the nation's prospects for improving the rate of economic growth and keeping up with citizens' needs for government-provided services. Author Mark A. Pisano explains the hidden drag on the economy that has led to the ineffectiveness of recent monetary and fiscal policies, how uncertainty in economic policymaking is affecting America politically as well as at the individual household level, and why those who are adversely impacted are becoming politically disaffected. He also presents an agenda for corrective individual action. Readers will understand how the results of changes in demographics will last for decades and extend beyond the United States to many developed countries-particularly Japan and nations in Europe-as well as to some developing countries. The book will be of value to students studying macro and micro economics; those in public policy at all levels of government, public administration, and governmental budgeting; and anyone attempting to understand the current dilemma in economic policymaking and our disjointed political process.
Author: Peter H. Lindert
Publisher: Cambridge University Press
ISBN: 1108808239
Category : Business & Economics
Languages : en
Pages : 437
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Book Description
How does social spending relate to economic growth and which countries have got this right and wrong? Peter Lindert examines the experience of countries across the globe to reveal what has worked, what needs changing, and who the winners and losers are under different systems. He traces the development of public education, health care, pensions, and welfare provision, and addresses key questions around intergenerational inequality and fiscal redistribution, the returns to investment in human capital, how to deal with an aging population, whether migration is a cost or a benefit, and how social spending differs in autocracies and democracies. The book shows that what we need to do above all is to invest more in the young from cradle to career, and shift the burden of paying for social insurance away from the workplace and to society as a whole.
Author: Imad A. Moosa
Publisher: Edward Elgar Publishing
ISBN: 1839105623
Category : Business & Economics
Languages : en
Pages : 352
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Book Description
In this fascinating book, Imad A. Moosa challenges existing preconceptions surrounding normative economics, arguing that what some economists see as undisputed facts of life may be myths caused by dogmatic thinking. Plausible explanations are suggested for puzzles in various areas of economics and finance, such as the home bias puzzle, the PPP puzzle and the presidential puzzle. Controversies in Economics and Finance is a thought-provoking and stimulating read that exposes common flaws in economic analysis. It will be of great benefit to academics, graduate students and policy-makers looking to understand the limits of economic analysis.
Author: Roger A. McCain
Publisher: Springer Science & Business Media
ISBN: 1461546133
Category : Business & Economics
Languages : en
Pages : 164
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Book Description
Agent-Based Computer Simulation of Dichotomous Economic Growth reports a project in agent-based computer stimulation of processes of economic growth in a population of boundedly rational learning agents. The study is an exercise in comparative simulation. That is, the same family of growth models will be simulated under different assumptions about the nature of the learning process and details of the production and growth processes. The purpose of this procedure is to establish a relationship between the assumptions and the simulation results. The study brings together a number of theoretical and technical developments, only some of which may be familiar to any particular reader. In this first chapter, some issues in economic growth are reviewed and the objectives of the study are outlined. In the second chapter, the simulation techniques are introduced and illustrated with baseline simulations of boundedly rational learning processes that do not involve the complications of dealing with long-run economic growth. The third chapter sketches the consensus modern theory of economic growth which is the starting point for further study. In the fourth chapter, a family of steady growth models are simulated, bringing the simulation, growth and learning aspects of the study together. In subsequent chapters, variants on the growth model are explored in a similar way. The ninth chapter introduces trade, with a spacial trading model that is combined with the growth model in the tenth chapter. The book returns again and again to the key question: to what extent can the simulations `explain' the puzzles of economic growth, and particularly the key puzzle of dichotomization, by constructing growth and learning processes that produce the puzzling results? And just what assumptions of the simulations are most predictable associated with the puzzling results?
