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Relative Price Changes And The Growth Of The Public Sector
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Book Synopsis The Growth of the Public Sector by : Norman Gemmell
Download or read book The Growth of the Public Sector written by Norman Gemmell and published by Edward Elgar Publishing. This book was released on 1993 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important new book offers fresh insights into the growth of the public sector in advanced and developing economies. The economic causes and consequences of changes in the size of the public sector (especially changes in public expenditure) have fascinated economists from the time of Adam Smith. From the early 1960s, interest has focused particularly on changes in the share of national income devoted to public expenditure. This has exhibited a long-run upward trend since 1945 in almost all OECD countries. Substantial fluctuations over shorter periods have also been observed. Understanding the processes underlying these phenomena is of clear importance for public policy makers, and economists have developed numerous theories attempting to explain them. The major questions of interest are: what 'forces' have been causing the share of public expenditure in GDP to rise over the longer term? Are these forces susceptible to policy? Is the public sector taking an increasing share of 'real' resources? Can government attempts in major OECD countries to control or reduce the size of the public sector in the 1980s and 1990s be sustained? What consequences follow from their success or failure? The Growth of the Public Sector focuses on this important issue and assesses the contribution to current knowledge of different theories including public choice, bureaucracy models, relative price effects and Wagner's Law. It also contains a number of new case studies focusing on specific government activities such as education, health and social security.
Book Synopsis Relative Price Changes and the Growth of the Public Sector by : M. Shahbaz Khan
Download or read book Relative Price Changes and the Growth of the Public Sector written by M. Shahbaz Khan and published by World Bank Publications. This book was released on with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Relative Price Changes and the Growth of the Public Sector by : M. Shahbaz Khan
Download or read book Relative Price Changes and the Growth of the Public Sector written by M. Shahbaz Khan and published by . This book was released on 1990 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relative size of the public sector and the rate at which its size changes may be severely underestimated in developing countries and overestimated in developed countries, if the indicator for the size of the public sector is the ratio of current public spending to GDP.
Book Synopsis The Role of the Public Sector by : Peter Saunders
Download or read book The Role of the Public Sector written by Peter Saunders and published by . This book was released on 1985 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Great Inflation by : Michael D. Bordo
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Book Synopsis The Distributional Implications of the Impact of Fuel Price Increases on Inflation by : Mr. Kangni R Kpodar
Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Book Synopsis The Labor Market and Economic Adjustment by : Pierre-Richard Agénor
Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Book Synopsis The Economics of New Goods by : Timothy F. Bresnahan
Download or read book The Economics of New Goods written by Timothy F. Bresnahan and published by University of Chicago Press. This book was released on 2008-04-15 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: New goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for quality change. The lead article in Part I contains a striking analysis of the history of light over two millenia. Other essays in Part I develop new price indexes for automobiles back to 1906; trace the role of the air conditioner in the development of the American south; and treat the germ theory of disease as an economic innovation. In Part II essays measure the economic impact of more recent innovations, including anti-ulcer drugs, new breakfast cereals, and computers. Part III explores methods and defects in the treatment of quality change in the official price data of the United States, Canada, and Japan. This pathbreaking volume will interest anyone who studies economic growth, productivity, and the American standard of living.
Author :United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index Publisher : ISBN 13 : Total Pages :212 pages Book Rating :4.3/5 (91 download)
Book Synopsis Toward a More Accurate Measure of the Cost of Living by : United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index
Download or read book Toward a More Accurate Measure of the Cost of Living written by United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index and published by . This book was released on 1996 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Growth of Public Expenditure in the United Kingdom by : Alan T. Peacock
Download or read book The Growth of Public Expenditure in the United Kingdom written by Alan T. Peacock and published by Ashgate Publishing. This book was released on 1993-11-01 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines public expenditure, explaining the size and the structure of the system of public finance. Suitable for use as a course text, it can function as a point of departure for empirical and analytical studies on the behaviour of governments.
Book Synopsis Inflation in Open Economies by : Michael Parkin
Download or read book Inflation in Open Economies written by Michael Parkin and published by Manchester University Press. This book was released on 1978 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Price of Capital Goods: A Driver of Investment Under Threat by : Weicheng Lian
Download or read book The Price of Capital Goods: A Driver of Investment Under Threat written by Weicheng Lian and published by International Monetary Fund. This book was released on 2019-06-28 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show that the decline in the relative price of tangible tradable capital goods provided a significant impetus to the capital deepening that took place during the same time period. The broad-based decline in the relative price of machinery and equipment, in turn, was driven by the faster productivity growth in the capital goods producing sectors relative to the rest of the economy, and deeper trade integration, which induced domestic producers to lower prices and increase their efficiency. Our findings suggest an additional channel through which rising trade tensions and sluggish productivity could threaten real investment growth going forward.
Book Synopsis Structural change, fundamentals, and growth: a framework and case studies by : McMillan, Margaret
Download or read book Structural change, fundamentals, and growth: a framework and case studies written by McMillan, Margaret and published by Intl Food Policy Res Inst. This book was released on 2017-05-11 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Encyclopedia of Public Choice by : Charles Rowley
Download or read book The Encyclopedia of Public Choice written by Charles Rowley and published by Springer Science & Business Media. This book was released on 2004-07-06 with total page 1142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Encyclopedia provides a detailed and comprehensive account of the subject known as public choice. However, the title would not convey suf- ciently the breadth of the Encyclopedia’s contents which can be summarized better as the fruitful interchange of economics, political science and moral philosophy on the basis of an image of man as a purposive and responsible actor who pursues his own objectives as efficiently as possible. This fruitful interchange between the fields outlined above existed during the late eighteenth century during the brief period of the Scottish Enlightenment when such great scholars as David Hume, Adam Ferguson and Adam Smith contributed to all these fields, and more. However, as intell- tual specialization gradually replaced broad-based scholarship from the m- nineteenth century onwards, it became increasingly rare to find a scholar making major contributions to more than one. Once Alfred Marshall defined economics in neoclassical terms, as a n- row positive discipline, the link between economics, political science and moral philosophy was all but severed and economists redefined their role into that of ‘the humble dentist’ providing technical economic information as inputs to improve the performance of impartial, benevolent and omniscient governments in their attempts to promote the public interest. This indeed was the dominant view within an economics profession that had become besotted by the economics of John Maynard Keynes and Paul Samuelson immediately following the end of the Second World War.
Book Synopsis Contemporary Economic Analysis (Routledge Revivals) by : David Currie
Download or read book Contemporary Economic Analysis (Routledge Revivals) written by David Currie and published by Routledge. This book was released on 2016-05-12 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1980, this book collects 17 lectures presented at the annual conference of the Association of University Teachers of Economics covering a wide range issues and debates. They include new theoretical points, criticisms of existing theory, the reporting of empirical studies and their implications, and refinements of methodological techniques. Among the topics covered are government deficits and capital accumulation; macroeconomic issues of management policy and foreign trade; empirical studies of foreign exchange markets, and supply and demand of hours of work; public sector and welfare economics; risk and uncertainty; and monopoly, competition and markets.
Book Synopsis From Dreams to Disillusionment by : Glen O'Hara
Download or read book From Dreams to Disillusionment written by Glen O'Hara and published by Springer. This book was released on 2006-11-14 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Dreams to Disillusionment is the first book to cover the planning experiment of the 1960s in full historical detail. Other countries' planners made the approach seem successful, however, the experiment eventually failed, doomed to disappoint given unrealistic expectations, lack of time and an overburdened government.
Book Synopsis The Macrodynamics of Advanced Market Economics by : Alfred S. Eicher
Download or read book The Macrodynamics of Advanced Market Economics written by Alfred S. Eicher and published by Routledge. This book was released on 2019-07-12 with total page 835 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the macrodynamic behaviour of advanced economies with social institutions similar to those of the United States and other members of the Organization of Economic Cooperation and Development. It is a critique of, and provides alternative models to, conventional neoclassical theory. The principles developed are used to explain two major phenomena in economic life: the nation's secular growth rate and the cyclical deviations around that growth. These interdependent movements of trend and cycle constitute the economy's macrodynamic behaviour. Eichner uses a systems framework for integrating four distinct institutional dimensions in society - the normative, the political, the economic, and the anthropogenic. This book, by one of the leading proponents of Post-Keynesian economics, is the culmination of over 13 years of scholarly work. The author's untimely death in February 1988 prevented the final revisions of his manuscript. The book should prove an essential addition to the library of scholars and students of economics both within and outside the Post-Keynesian tradition.
