Economic Efficiency Vs. Local Economic Impact PDF Download

Author: Ellen Johnson Hall
Publisher:
ISBN:
Category :
Languages : en
Pages : 196

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Author: Timothy J. Bartik
Publisher:
ISBN: 9780880991131
Category : Economic development
Languages : en
Pages : 0

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Author: Arthur M. Okun
Publisher: Brookings Institution Press
ISBN: 0815726546
Category : Business & Economics
Languages : en
Pages : 171

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Originally published in 1975, Equality and Efficiency: The Big Tradeoff is a very personal work from one of the most important macroeconomists of the last hundred years. And this new edition includes "Further Thoughts on Equality and Efficiency," a paper published by the author two years later. In classrooms Arthur M. Okun may be best remembered for Okun's Law, but his lasting legacy is the respect and admiration he earned from economists, practitioners, and policymakers. Equality and Efficiency is the perfect embodiment of that legacy, valued both by professional economists and those readers with a keen interest in social policy. To his fellow economists, Okun presents messages, in the form of additional comments and select citations, in his footnotes. To all readers, Okun presents an engaging dual theme: the market needs a place, and the market needs to be kept in its place. As Okun puts it: Institutions in a capitalist democracy prod us to get ahead of our neighbors economically after telling us to stay in line socially. This double standard professes and pursues an egalitarian political and social system while simultaneously generating gaping disparities in economic well-being. Today, Okun's dual theme feels incredibly prescient as we grapple with the hot-button topic of income inequality. In his foreword, Lawrence H. Summers declares: On what one might think of as questions of "economic philosophy," I doubt that Okun has been improved on in the subsequent interval. His discussion of how societies rely on rights as well as markets should be required reading for all young economists who are enamored with market solutions to all problems. With a new foreword by Lawrence H. Summers

Author: Silvio Borner
Publisher: OECD Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 120

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This publication discusses the impact of institutions on economic development and the determinants that shape institutional quality, using a new institutional economics (NIE) model based on a multidisciplinary approach to understanding issues including growth, efficiency and income distribution. Using the experience of Argentina under the Menem government as a case study, a methodology is developed and applied to test theoretical hypotheses regarding the concept of institutional quality and how delineation between economic and political institutions work in practice. It also considers systems of democracy and autocracy, and the impact of traditional, legal and cultural frameworks on institutional efficiency.

Author: Mr. Andrew Berg
Publisher: International Monetary Fund
ISBN: 1513592963
Category : Business & Economics
Languages : en
Pages : 44

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Many studies predict massive job losses and real wage decline as a result of the ongoing widespread automation of production, a trend that may be further aggravated by the COVID-19 crisis. Yet automation is also expected to raise productivity and output. How can we share the gains from automation more widely, for the benefit of all? And what are the attendant equity-efficiency trade-offs? We analyze this issue by considering the effects of fiscal policies that seek to redistribute the gains from automation and address income inequality. We use a dynamic general equilibrium model with monopolistic competition, including a novel specification linking corporate power to automation. While fiscal policy cannot eliminate the classic equity-efficiency trade-offs, it can help improve them, reducing inequality at small or no loss of output. This is particularly so when policy takes advantage of novel, less distortive transmission channels of fiscal policy created by the empirically observed link between corporate market power and automation.

Author: Brian Dollery
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 276

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Dollery (economics, U. of New England, Australia) and Wallis (economics, Otago U., New Zealand) attempt to explain local policy formation and outcomes from a variety of economic models, including the theory of fiscal federalism, the market failure paradigm, and the "new institutional economics." Particularly referring to local government reforms in the U.K. and New Zealand, the authors look at the extent to which minimalist and activist approaches to matching local functions to local capacity can be related to the different styles of policy leadership that may be required to advance reform. In contrast to many of their colleagues, they stress the uses of social capital to be used by localities to exploit comparative institutional advantage. c. Book News Inc.

Author: Ron Hustedde
Publisher: North Central Regional Center for Rural Development
ISBN:
Category : Political Science
Languages : en
Pages : 96

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Author: Debarati Guha-Sapir
Publisher: Oxford University Press
ISBN: 0199841934
Category : Business & Economics
Languages : en
Pages : 341

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This work combines research and empirical evidence on the economic costs of disasters with theoretical approaches. It provides new insights on how to assess and manage the costs and impacts of disaster prevention, mitigation, recovery and adaption, and much more.

Author: Mr.Yan Carriere-Swallow
Publisher: International Monetary Fund
ISBN: 1513514814
Category : Computers
Languages : en
Pages : 50

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Book Description
This SPR Departmental Paper will provide policymakers with a framework for studying changes to national data policy frameworks.

Author: Florian Flachenecker
Publisher: Springer
ISBN: 9783319788661
Category : Business & Economics
Languages : en
Pages : 253

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This book covers the multi-faceted incentives, trade-offs, and challenges associated with the economics and politics of resource efficiency investments. By contributing a wide range of empirical evidence, practitioners' insights, and policy perspectives, this book carefully examines the role of resource efficiency in reconciling environmental and economic considerations. It also discusses the critical role of resource efficiency investments in mitigating climate change and enabling sustainable development. Featuring expert insights from academia, the European Commission, the European Investment Bank, and the European Bank for Reconstruction and Development, this book provides a policy oriented guide, reference, and toolbox for unlocking the potential of resource efficiency. To this end, it identifies practical measures for overcoming barriers and creating smart incentives for leveraging resource efficiency investments. Overall, this book brings together evidence to develop innovative ideas and strategies for improving the efficient use of resources and advancing clean and sustainable development. "This book is an important and timely contribution", Angel Gurria, Secretary General, OECD