Essays On Structural Change And Economic Growth
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Essays On Structural Change And Economic Growth
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Author : Adela Argüello
language : en
Publisher:
Release Date : 2015
Essays On Structural Change And Economic Growth written by Adela Argüello and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Education categories.
Structural Change And Economic Growth
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Author : Luigi Pasinetti
language : en
Publisher:
Release Date : 1985
Structural Change And Economic Growth written by Luigi Pasinetti and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with categories.
Essays On Structural Transformation Trade And Economic Growth
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Author : Zongye Huang
language : en
Publisher:
Release Date : 2015
Essays On Structural Transformation Trade And Economic Growth written by Zongye Huang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
"This thesis intends to address questions that are related to structural transformation, trade, and economic growth. The following three essays sequentially investigate three interesting topics that involve these themes. The first essay investigates the structural transformation in the United States from 1950 to 2005. In particular, we emphasize the role of trade in this process. We develop and calibrate a three-sector model to evaluate the contributions of various factors. It shows that, in addition to traditional explanations, such as non-homothetic preference and sector-biased productivity progress, international trade is another major source of structural change and is able to explain about 35.5 percent of the overall labor share decrease in American manufacturing. A further decomposition exercise estimates that inter-sector trade makes a moderate contribution, while trade imbalances dominate the trade channel and account for the recent contraction of employment in the U.S. manufacturing sector. This result supports the argument that persistent trade deficits have a substantial impact on labor allocations.The second essay analyzes the connection between two key variables, the manufacturing employment share and the investment rate, during economic development. Empirical observations document that both of them exhibit a hump-shaped pattern as income increases. Following the recent research on agricultural technology adoption, I propose that the modernization of agriculture is the primary mechanism that forms these two hump-shaped patterns simultaneously, thus, unbalanced technology growth is unnecessary to derive such a hump-shaped pattern. This simple cause helps to explain the similarity of structural transformation processes across countries. The long-run equilibrium of our model is on a generalized balanced growth path as defined by Kongsamut, Rebelo, and Xie (2001). In the third essay, we explore the interaction between trade and growth. In particular, we assume that the information of advanced technology is embodied within high-quality capital goods, which are produced by developed economies. Thus, international technology diffusion goes through the channel of trading high-quality capital goods, which establishes a direct causal linkage from trade to growth. The capital import is subject to the balance of payments constraint and must be financed by exports. We develop a formal two-country model, characterize the steady states, and discuss their dynamic features. Our model could shed light on several stylized facts." --
Three Essays On Economic Structure And Resource Allocation
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Author : Chun Kei Tsang
language : en
Publisher:
Release Date : 2020
Three Essays On Economic Structure And Resource Allocation written by Chun Kei Tsang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with China categories.
This thesis aims at studying the issues of economic structure and resource allocation in development. Chapter 1 provides an introduction to economic development and gives an overview of this thesis. Chapter 2 reviews some theories and models about economic structure and structural change and points out that resource allocation is a critical factor in changing the economic structure. Five characteristics of economic structure and structural change are summarized. Essay 1 in Chapter 3 investigates the relationship between competitiveness and economic growth. Adopting the Global Competitiveness Index to represent competitiveness, we empirically show that there is a two-way causal relationship between competitiveness and economic growth. We further identify that the relationship between competitiveness and economic growth change in different development stages. Specifically, better competitiveness can enhance economic growth but not vice versa in developing countries. We therefore relate such a difference to the ability to transform resources into competitiveness. This is fundamentally a question about resource allocation. Finally, we link structural change with economic growth and show that enhancing competitiveness is equivalent to improving the capacity to change the economic structure. Essay 2 in Chapter 4 studies the impacts of sub-optimal resource allocation on economic growth by applying a new model to the case of the effectiveness of official development assistance (ODA). This new model analyzes economic growth through structural change by the difference between the observed and optimal levels of competitiveness. Regarding the positive and negative impacts of foreign aid on the receiving country in the literature, we show that the net impact of ODA depends on the value of bias caused by inefficient allocation of resources and the adoption of a biased value system. As a result, both positive and negative views of ODA in the literature are somewhat correct. In principle, ODA does work in the sense of helping needy countries providing they can allocate such additional resources efficiently. The cruel truth is that most receivers of ODA are unable to transform these resources to productive uses and even lower their economic growth. The development aid country donors or global institutions may therefore have to review their existing policy for granting aid.Essay 3 in Chapter 5 introduces a new framework to study two important structural issues in China: regional fragmentation and ownership distortion. We extend the output-oriented structural efficiency measure to include subgroups to evaluate potential gains of improving resource allocation within and among subgroups. The new framework is then applied to China’s industrial sector. Applying our new method for policymaking, the empirical results advocate prioritizing ownership reform over regional reform in China. Specifically, by improving resource allocation among different ownerships, outputs of the whole industrial sector can be increased by 21% of the observed level. In contrast, the potential gains of reallocating resources between western and non-western regions are less than 1%. Such a conclusion cannot be drawn from other existing models of efficiency analysis. Finally, Chapter 6 concludes the whole thesis.
Essays On Structural Change Economic Takeoffs And Growth Volatility
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Author : Iōanna Stylianou
language : en
Publisher:
Release Date : 2012
Essays On Structural Change Economic Takeoffs And Growth Volatility written by Iōanna Stylianou and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Economic development categories.
Southeast Asia
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Author : Richard A. Higgott
language : en
Publisher: London ; Boston : Routledge & Kegan Paul
Release Date : 1985
Southeast Asia written by Richard A. Higgott and has been published by London ; Boston : Routledge & Kegan Paul this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Business & Economics categories.
Essays on development theories and the economic policy of South East Asia - considers the evolution of regional level politics, government, economic relations, economic and social development and underdevelopment; criticizes the approaches of orientalist history, behaviourist political science (behavioural sciences) and development economics in South East Asian studies; refers to the present International Division of Labour; presents case studies of political development and economic development in Indonesia, the Philippines and Thailand.
Openness For Prosperity
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Author : Herbert Giersch
language : en
Publisher: MIT Press
Release Date : 1993
Openness For Prosperity written by Herbert Giersch and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
Demonstrates the essential connection between theoretical academic research and the creation of economic policy, reflecting his belief that the study of economics should lead to improvement of the social order and of the quality of human life. Herbert Giersch is one of Germany's most prominent economists and an outstanding contributor to the debate on European economic policy. Openness for Prosperity brings together his major essays in macroeconomic policy, written or published over the past two and a half decades. In these twenty nontechnical essays, Giersch clearly demonstrates the essential connection between theoretical academic research and the creation of economic policy, reflecting his belief that the study of economics should lead to improvement of the social order and of the quality of human life. Some of the policy positions that Giersch favors are free trade, limits to government, and openness of economies to future possibilities.The chapters are arranged in two parts with the first focusing on economic growth and structural change and the second on issues of monetary policy, inflation, and exchange rates. The essays are arranged chronologically according to the dates of publication or writing to suggest how topics and emphases have changed over time.The first part, reflecting Giersch's support of Schumpeter's views, includes essays on aspects of growth, protectionism in foreign trade, the role of entrepreneurship in the 1980s, prospects and problems for European economic integration in the 1990s, the lessons to be learned from West Germany's transition to a market economy, and the author's vision of the European and world economies at the end of this century. In the second part, essays address such issues as flexible exchange rates, indexation, IMF surveillance over exchange rates, neglected aspects of inflation, the effect of central bank independence on monetary policy, and the relationship between real exchange rates and comparative economic growth.
Essays On Information And Communications Technology Structural Change And Economic Growth
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Author : Tero Kuusi
language : en
Publisher:
Release Date : 2013
Essays On Information And Communications Technology Structural Change And Economic Growth written by Tero Kuusi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Economic Structure And Performance
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Author : Hollis B. Chenery
language : en
Publisher: Academic Press
Release Date : 2014-05-10
Economic Structure And Performance written by Hollis B. Chenery and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-10 with Law categories.
Economic Structure and Performance: Essays in Honor of Hollis B. Chenery briefly reviews the work of Hollis Chenery in the field of economics. This book discusses the underlying themes in Chenery's work, including structure, strategy, adjustment, and models. Organized into four parts encompassing 26 chapters, this book begins with an overview of the patterns of structural change and their relation to growth. This text then examines the objectives, measures, and implementation of policy, as well as administrative capabilities and cultural characteristics. Other chapters compare Chenery's econometric analysis of development patterns with the historical analyses and suggest that the two approaches complement each other. This book discusses as well the persistence of disequilibrium in segments of the economy. The final chapter deals with simple criteria for detecting critical interdependencies and a formula for measuring their welfare consequences. This book is a valuable resource for economists, industrialists, foreign capitalists, and social scientists.
China S Economic Modernisation And Structural Changes Essays In Honour Of John Wong
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Author : Zheng Yong-nian
language : en
Publisher: World Scientific
Release Date : 2019-03-05
China S Economic Modernisation And Structural Changes Essays In Honour Of John Wong written by Zheng Yong-nian and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-05 with Business & Economics categories.
This book provides a timely update on the ongoing transformation of the Chinese economy. As the world's second largest economy, China marked the 40th anniversary of economic reform and opening-up in 2018. In this book, top scholars on Chinese economic studies review China's remarkable economic achievement in the past four decades and analyse the challenges facing economic development in the country.The book focusses on structural changes of China's economy, which are essential to steer the country towards sustainable development. It studies the long-term factors affecting the Chinese economy such as education and innovation, and emerging sources of economic growth, such as e-commerce. Other important aspects of the Chinese economy explored in this book include the economic role of the Chinese government, fiscal reforms, capital account liberalisation, housing policies, competition policy and anti-monopoly law, China's export, trends of regional development and reforms of state-owned enterprises.This rich collection of policy-oriented economic studies is also a tribute to Professor John Wong, former research director of the East Asian Institute, National University of Singapore, who passed away in June 2018. For over three decades, Professor Wong had followed and provided insightful analyses on China's economic development.