Vested Interests In A Positive Theory Of Stagnation And Growth

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Economic Growth Theory

Author : Wei-Bin Zhang
Publisher : Routledge
ISBN 13 : 1351159429
Total Pages : 394 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis Economic Growth Theory by : Wei-Bin Zhang

Download or read book Economic Growth Theory written by Wei-Bin Zhang and published by Routledge. This book was released on 2018-01-18 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a new theoretical framework to examine the issues of economic growth and development. Providing analysis of economic dynamics in a competitive economy under government intervention in infrastructure and income distribution, the book develops a unique analytical framework under the influence of traditional neoclassical growth theory. However, in a departure from neoclassical growth theory it examines both the Solow-Swan and the Ramsey growth models, introducing a utility function which treats consumer choices in ways critically different to previous approaches. Using practical examples and models the book demonstrates how this new direction can effectively analyze the key issues of economic growth, in a compact and comprehensive manner.

Monetary Growth Theory

Author : Wei-Bin Zhang
Publisher : Routledge
ISBN 13 : 1134043724
Total Pages : 395 pages
Book Rating : 4.1/5 (34 download)

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Book Synopsis Monetary Growth Theory by : Wei-Bin Zhang

Download or read book Monetary Growth Theory written by Wei-Bin Zhang and published by Routledge. This book was released on 2009 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 1 Money and growth theory -- chapter 2 Money as a store of value -- chapter 3 Money in utility and production functions -- chapter 4 Money-in-advance approaches -- chapter 5 Unemployment and money -- chapter 6 Preference change and habit formation -- chapter 7 Monetary growth with urban structure -- chapter 8 Money in multi-regional and growth economies -- chapter 9 Money, growth, and international trade -- chapter 10 Money and economic complexity.

The Politics of Innovation

Author : Mark Zachary Taylor
Publisher : Oxford University Press
ISBN 13 : 0190464135
Total Pages : 449 pages
Book Rating : 4.1/5 (94 download)

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Book Synopsis The Politics of Innovation by : Mark Zachary Taylor

Download or read book The Politics of Innovation written by Mark Zachary Taylor and published by Oxford University Press. This book was released on 2016 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are some countries better than others at science and technology? Written in accessible language, The Politics of Innovation provides readers from all backgrounds with a useful survey of the innovation debate. It presents extensive evidence to show that national institutions and policies do not determine innovation rates, but politics do.

Financial Crimes: Psychological, Technological, and Ethical Issues

Author : Michel Dion
Publisher : Springer
ISBN 13 : 3319324195
Total Pages : 384 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis Financial Crimes: Psychological, Technological, and Ethical Issues by : Michel Dion

Download or read book Financial Crimes: Psychological, Technological, and Ethical Issues written by Michel Dion and published by Springer. This book was released on 2016-06-08 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book on the psychology of white collar criminals discusses various cases of financial crime, while also attempting to delve into the minds of the criminals in question. The literature on this topic is growing as it gains momentum in the scientific field, as a result of the extremely negative impact white collar crime has on its victims. Because there is considerable damage and vulnerability from these crimes, it is important to begin to classify them, and to understand the minds of those that commit these offenses. While the current literature is not extensive, this work provides a closer look into the various ethical and legal facets of financial crime, and helps to uncover the social, psychological and neurobiological factors that intersect in the minds of those criminals.

Local Social Innovation to Combat Poverty and Exclusion

Author : Stijn Oosterlynck
Publisher : Policy Press
ISBN 13 : 1447338448
Total Pages : 276 pages
Book Rating : 4.4/5 (473 download)

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Book Synopsis Local Social Innovation to Combat Poverty and Exclusion by : Stijn Oosterlynck

Download or read book Local Social Innovation to Combat Poverty and Exclusion written by Stijn Oosterlynck and published by Policy Press. This book was released on 2019-11-27 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on more than 30 case studies in eight different countries, this book explores the governance dynamics of local social innovations in the field of poverty reduction. The diverse team of contributors reflects on the trajectory of social innovation in European governance. They illustrate how different governance dynamics and welfare mixes enable or hinder poverty reduction strategies and analyse how such dynamics involve a diversity of actors, instruments and resources at different spatial scales. The contributions are based on research motivated by the standstill in the fight against poverty in Europe and the anxiety that conventional macro-social policies are insufficient to deal with the current challenges.

The Political Economy of Labour Market Institutions

Author : Gilles Saint-Paul
Publisher : OUP Oxford
ISBN 13 : 0191522066
Total Pages : 288 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis The Political Economy of Labour Market Institutions by : Gilles Saint-Paul

Download or read book The Political Economy of Labour Market Institutions written by Gilles Saint-Paul and published by OUP Oxford. This book was released on 2000-09-28 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to most orthodox economists, labour market rigidities are the key culprit for such high unemployment as has been observed in Europe during the past three decades. But governments that have attempted to follow the standard prescription of removing rigidities have often faced harsh political opposition. This book looks at why labour market institutions such as employment protection, unemployment benefits, and relative wage rigidities exist, what role they play in society, why they seem so persistent, where the pressure to reform them comes from, and whether reform can be politically viable or not. The book ascribes a central role to the existence of underlying microeconomic frictions and to redistributive pressures between rich and poor, and shows how these ingredients may give rise to labour market rents, which in turn explain why a coherent set of rigidities arise as the outcome of the political process. It is also shown that, at the same time, such rents create resistance to reform, and contribute to locking society into a high-unemployment, rigid equilibrium. Finally, the basic principles exposed in the book are used to discuss various strategies for a successful labour market reform.

Institutions and Economic Performance

Author : Elhanan Helpman
Publisher : Harvard University Press
ISBN 13 : 9780674038578
Total Pages : 672 pages
Book Rating : 4.0/5 (385 download)

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Book Synopsis Institutions and Economic Performance by : Elhanan Helpman

Download or read book Institutions and Economic Performance written by Elhanan Helpman and published by Harvard University Press. This book was released on 2009-07-01 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: Institutions and Economic Performance explores the question of why income per capita varies so greatly across countries. Even taking into account disparities in resources, including physical and human capital, large economic discrepancies remain across countries. Why are some societies but not others able to encourage investments in places, people, and productivity? The answer, the book argues, lies to a large extent in institutional differences across societies. Such institutions are wide-ranging and include formal constitutional arrangements, the role of economic and political elites, informal institutions that promote investment and knowledge transfer, and others. Two core themes run through the contributors’ essays. First, what constraints do institutions place on the power of the executive to prevent it from extorting the investments and effort of other people and institutions? Second, when are productive institutions self-enforcing? Institutions and Economic Performance is unique in its melding of economics, political science, history, and sociology to address its central question.

Employment Protection, International Specialization, and innovation

Author : Gilles Saint-Paul
Publisher : International Monetary Fund
ISBN 13 : 1451843356
Total Pages : 24 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Employment Protection, International Specialization, and innovation by : Gilles Saint-Paul

Download or read book Employment Protection, International Specialization, and innovation written by Gilles Saint-Paul and published by International Monetary Fund. This book was released on 1996-02-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a model to analyze the implications of firing costs on incentives for R & D and international specialization. The key idea is that, to avoid paying firing costs, the country with a rigid labor market will tend to produce relatively secure goods, at a late stage of their product life cycle. Under international trade, an international product cycle emerges where, roughly, new goods are first produced in the low firing cost country and then move to the high firing cost country. We show that in the closed economy, an increase in firing costs does not necessarily imply a reduction in R & D; it crucially depends on the riskiness of R & D activity relative to production activity. In the open economy, however, an increase in firing cost is much more likely to reduce R & D intensity.

The Economics of Creative Destruction

Author : Ufuk Akcigit
Publisher : Harvard University Press
ISBN 13 : 0674293061
Total Pages : 785 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis The Economics of Creative Destruction by : Ufuk Akcigit

Download or read book The Economics of Creative Destruction written by Ufuk Akcigit and published by Harvard University Press. This book was released on 2023-08-22 with total page 785 pages. Available in PDF, EPUB and Kindle. Book excerpt: A stellar cast of economists examines the roles of creative destruction in addressing today’s most important political and social questions. Inequality is rising, growth is stagnant while rents accumulate, the environment is suffering, and the COVID-19 pandemic exposed every crack in the systems of global capitalism. How can we restart growth? Can our societies be made fairer? Editors Ufuk Akcigit and John Van Reenen assemble a world-leading group of social scientists and theorists to consider these questions and, in particular, how ideas about the economics of creative destruction may help solve the problems we face. Most closely associated with Joseph Schumpeter, formalized by Philippe Aghion and Peter Howitt in the 1990s, the idea of innovation as creative destruction has become foundational in economics, reaching into almost every corner of the discipline—both theoretically and empirically. Now, at a time of rapid and disorienting change, is an opportune moment to pull the disparate strands of research together to assess what has been learned and continue an intellectual project that can aid economic decision-making in the decades to come. The cutting-edge work in The Economics of Creative Destruction focuses on innovation and growth. Contributors offer illuminating insights into monopoly and inequality, the nature of the social safety net, climate change, and the ups and downs of regulation. Collectively, they suggest that governance has a role to play in capitalism, maximizing its benefits and minimizing its risks.

Institutions, Innovation, and Industrialization

Author : Avner Greif
Publisher : Princeton University Press
ISBN 13 : 0691202737
Total Pages : 438 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Institutions, Innovation, and Industrialization by : Avner Greif

Download or read book Institutions, Innovation, and Industrialization written by Avner Greif and published by Princeton University Press. This book was released on 2020-05-26 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together a group of leading economic historians to examine how institutions, innovation, and industrialization have determined the development of nations. Presented in honor of Joel Mokyr—arguably the preeminent economic historian of his generation—these wide-ranging essays address a host of core economic questions. What are the origins of markets? How do governments shape our economic fortunes? What role has entrepreneurship played in the rise and success of capitalism? Tackling these and other issues, the book looks at coercion and exchange in the markets of twelfth-century China, sovereign debt in the age of Philip II of Spain, the regulation of child labor in nineteenth-century Europe, meat provisioning in pre–Civil War New York, aircraft manufacturing before World War I, and more. The book also features an essay that surveys Mokyr's important contributions to the field of economic history, and an essay by Mokyr himself on the origins of the Industrial Revolution. In addition to the editors, the contributors are Gergely Baics, Hoyt Bleakley, Fabio Braggion, Joyce Burnette, Louis Cain, Mauricio Drelichman, Narly Dwarkasing, Joseph Ferrie, Noel Johnson, Eric Jones, Mark Koyama, Ralf Meisenzahl, Peter Meyer, Joel Mokyr, Lyndon Moore, Cormac Ó Gráda, Rick Szostak, Carolyn Tuttle, Karine van der Beek, Hans-Joachim Voth, and Simone Wegge.

Migration and the Welfare State

Author : Assaf Razin
Publisher : MIT Press
ISBN 13 : 0262298376
Total Pages : 181 pages
Book Rating : 4.2/5 (622 download)

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Book Synopsis Migration and the Welfare State by : Assaf Razin

Download or read book Migration and the Welfare State written by Assaf Razin and published by MIT Press. This book was released on 2011 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nobel laureate economist Milton Friedman once noted that free immigration cannot coexist with a welfare state. A welfare state with open borders might turn into a haven for poor immigrants, which would place such a fiscal burden on the state that native-born voters would support less-generous benefits or restricted immigration, or both. And yet a welfare state with an aging population might welcome young skilled immigrants. The preferences of the native-born population toward migration depend on the skill and age composition of the immigrants, and migration policies in a political-economy framework may be tailored accordingly. This book examines how social benefits-immigrations political economy conflicts are resolved, with an empirical application to data from Europe and the developed countries, integrating elements from population, international, public, and political economics into a unified static and dynamic framework. Using a static analytical framework to examine intra-generational distribution, the authors first focus on the skill composition of migrants in both free and restricted immigration policy regimes, drawing on empirical research from EU-15 and non-EU-15 states. The authors then offer theoretical analyses of similar issues in dynamic overlapping generations settings, studying not only intragenerational but also intergenerational aspects, including old-young dependency ratios and skilled-unskilled conflicts. Finally, they examine overall gains from or costs of migration in both host and source countries and the race to the bottom argument of tax competition between states in the presence of free migration.

Reform Capacity

Author : Johannes Lindvall
Publisher : Oxford University Press
ISBN 13 : 0191079464
Total Pages : 223 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Reform Capacity by : Johannes Lindvall

Download or read book Reform Capacity written by Johannes Lindvall and published by Oxford University Press. This book was released on 2017-07-04 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is often said that effective government requires a concentration of power. If we want our political leaders to adjust public policies to changing economic, social, and political circumstances, we should, in this view, leave our leaders alone: we should put in place electoral procedures that identify a clear winner in each election, and then we should let the winning political party govern without having to cooperate with others. The argument of this book is that this view is mistaken, since it seriously underestimates the ability of political decision makers to overcome democratic paralysis by compensating losers (groups that stand to lose from a reform). Reform capacity - the ability of political decision makers to adopt and implement policy changes that benefit society as a whole - can therefore be achieved in both power-concentration systems (which enable governments to ignore losers) and power-sharing systems (where governments build support for reform by compensating losers). If political decision makers are able to solve the bargaining problems that sometimes complicate negotiations between winners and losers, power-sharing systems have certain advantages over power-concentration systems. The book argues that power sharing can lead to high reform capacity in societies where interest groups are powerful enough to block reforms; the book also argues that power sharing can lead to high reform capacity when reforms have short-term costs and long-term benefits, since power sharing helps to correct some of the short-sightedness that is inherent in democratic policymaking.

Responding to Climate Change

Author : Chin Hee Hahn
Publisher : Edward Elgar Publishing
ISBN 13 : 1781001073
Total Pages : 241 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Responding to Climate Change by : Chin Hee Hahn

Download or read book Responding to Climate Change written by Chin Hee Hahn and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This topical book explores the global experiences of responding to climate change, with perspectives from Australia, China, the European Union, Japan, the Republic of Korea, the United States, as well as the International Energy Agency. The authors, internationally recognized specialists in the field, discuss the obstacles faced by policymakers, as well as exploring policies and recommendations for achieving goals set in responding to climate change. The work also uses the case of Korea in the initial stage of its policymaking, as an example for developing countries not bound by the provisions of the 1997 Kyoto Protocol on climate change. This important book assesses current national policies and future options for the global response to climate change. Responding to Climate Change will prove to be insightful for environmental policymakers and researchers for use in assessments of lessons in global and regional experience with climate change and for future policy directions. Graduate and upper-level undergraduate students studying environmental and natural resources will also find plenty of invaluable information in this important resource.

Frontiers of Development Economics

Author : Gerald M. Meier
Publisher : World Bank Publications
ISBN 13 : 9780195215922
Total Pages : 596 pages
Book Rating : 4.2/5 (159 download)

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Book Synopsis Frontiers of Development Economics by : Gerald M. Meier

Download or read book Frontiers of Development Economics written by Gerald M. Meier and published by World Bank Publications. This book was released on 2001 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: With contributions from 35 leading economists, this forward-looking book explores the future of development economics against the background of the past half-century of development thought and practice. Outstanding representatives of the past two generations of development economists assess development thinking at the turn of the century and look to the unsettled questions confronting the next generation.The volume offers a thorough analysis of the broad range of issues involved in development economics, and it is especially timely in its critique of what is needed in development theory and policy to reduce poverty. An overriding issue is whether in the future 'development economics' is to be regarded simply as applied economics or whether the nature and scope of development economics will constitute a need for a special development theory to supplement general economic theory.'Frontiers of Development Economics' is an ideal reference for all those working in the international development community.

Pillars of Prosperity

Author : Timothy Besley
Publisher : Princeton University Press
ISBN 13 : 0691158150
Total Pages : 391 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Pillars of Prosperity by : Timothy Besley

Download or read book Pillars of Prosperity written by Timothy Besley and published by Princeton University Press. This book was released on 2013-02-24 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: How nations can promote peace, prosperity, and stability through cohesive political institutions "Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters—places that tend to combine effective state institutions, the absence of political violence, and high per-capita incomes. To achieve peace, the authors stress the avoidance of repressive government and civil conflict. Easy taxes, they argue, refers not to low taxes, but a tax system with widespread compliance that collects taxes at a reasonable cost from a broad base, like income. And a tolerable administration of justice is about legal infrastructure that can support the enforcement of contracts and property rights in line with the rule of law. The authors show that countries tend to enjoy all three pillars of prosperity when they have evolved cohesive political institutions that promote common interests, guaranteeing the provision of public goods. In line with much historical research, international conflict has also been an important force behind effective states by fostering common interests. The absence of common interests and/or cohesive political institutions can explain the existence of very different development clusters in fragile states that are plagued by poverty, violence, and weak state capacity.

Political Economy in Macroeconomics

Author : Allan Drazen
Publisher : Princeton University Press
ISBN 13 : 0691188009
Total Pages : 790 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Political Economy in Macroeconomics by : Allan Drazen

Download or read book Political Economy in Macroeconomics written by Allan Drazen and published by Princeton University Press. This book was released on 2018-06-05 with total page 790 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally, economics was called political economy, and those studying it readily accepted that economic decisions are made in a political world. But economics eventually separated itself from politics to pursue rigorous methods of analyzing individual behavior and markets. Recently, an increasing number of economists have turned their attention to the old question of how politics shape economic outcomes. To date, however, this growing literature has lacked a cogent organization and a unified approach. Here, in the first full-length examination of how political forces affect economic policy decisions, Allan Drazen provides a systematic treatment, organizing the increasingly influential "new political economy" as a more established field at the highly productive intersection of economics and political science. Although he provides an extraordinarily helpful guide to the recent explosion of papers on political economy in macroeconomics, Drazen moves far beyond survey, giving definition and structure to the field. He proposes that conflict or heterogeneity of interests should be the field's essential organizing principle, because political questions arise only when people disagree over which economic policies should be enacted or how economic costs and benefits should be distributed. Further, he illustrates how heterogeneity of interests is crucial in every part of political economy. Drazen's approach allows innovative treatment--using rigorous economic models--of public goods and finance, economic growth, the open economy, economic transition, political business cycles, and all of the traditional topics of macroeconomics. This major text will have an enormous impact on students and professionals in political science as well as economics, redefining how decision makers on several continents think about the full range of macroeconomic issues and informing the approaches of the next generation of economists.

Income Distribution in Macroeconomic Models

Author : Giuseppe Bertola
Publisher : Princeton University Press
ISBN 13 : 0691164592
Total Pages : 439 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Income Distribution in Macroeconomic Models by : Giuseppe Bertola

Download or read book Income Distribution in Macroeconomic Models written by Giuseppe Bertola and published by Princeton University Press. This book was released on 2014-09-28 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.