Essays on Structural Change, Trade, and Development PDF Download

Author: Miguel Fernando Ricaurte Bermúdez
Publisher:
ISBN:
Category :
Languages : en
Pages : 250

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Author: Zongye Huang
Publisher:
ISBN:
Category :
Languages : en
Pages :

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"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." --

Author: Luigi L. Pasinetti
Publisher: Cambridge University Press
ISBN: 9780521236072
Category : Business & Economics
Languages : en
Pages : 336

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First published in 1981 this book presents an original theoretical treatment of the problems of maintaining full employment in a multisector economic system with a growing population and different rates of technical progress in different sectors. The conditions for full employment and full capacity utilisation are examined when prices are stable and when there is inflation. This approach is carried out, not in terms of input-output relations, as has become customary in multisector models, but rather in terms of vertically integrated sectors. This makes it possible to analyse the economic growth process in terms of the structural dynamics of production, of prices and of employment. Remarkable implications are drawn for a surprisingly large number of theoretical problems, which have been under discussion since Adam Smith: from price theory to the theory of rates of profit and the rates of interest; from production theory to the theories of fluctuating growth, ever-changing composition of output, choice of technique and international trade.

Author: Richard Higgott
Publisher: Routledge
ISBN: 1134621485
Category : Social Science
Languages : en
Pages : 321

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The articles in this edited collection, first published in 1985, consider the competing theories of the nature of development and underdevelopment in Southeast Asia. Each chapter challenges the academic orthodoxies and dominant traditions of Southeast Asian studies, particularly in relation to orientalist history, behaviourist political science and development economics. Overall, the contributions offer an alternative framework for analysis, which considers the structural changes to the political economy of Southeast Asia, as well as the relationship between the state, economy and class at a domestic level. This is a fascinating collection, of value to students and academics with an interest in Southeast Asian politics, economics and history.

Author: Jan Fagerberg
Publisher: Edward Elgar Publishing
ISBN: 1788110269
Category : Business & Economics
Languages : en
Pages : 431

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This authoritative and enlightening book focuses on fundamental questions such as what is innovation, who is it relevant for, what are the effects, and what is the role of (innovation) policy in supporting innovation-diffusion? The first two sections present a comprehensive overview of our current knowledge on the phenomenon and analyse how this knowledge (and the scholarly community underpinning it) has evolved towards its present state. The third part explores the role of innovation for growth and development, while section four is concerned with the national innovation system and the role of (innovation) policy in influencing its dynamics and responding to the important challenges facing contemporary societies.

Author: Hollis B. Chenery
Publisher: Academic Press
ISBN: 1483257916
Category : Law
Languages : en
Pages : 611

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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.

Author: Pranab K. Bardhan
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 384

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This Volume Is An Outstanding Collection Of Writings In Development Economics And Provides Valuable Insights For Development Economists, Policy Planners And Practitioners.

Author: Wolfgang Klenner
Publisher: Springer Science & Business Media
ISBN: 3642739075
Category : Business & Economics
Languages : en
Pages : 542

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The economic success achieved in the last decade in East Asia has brought about a fundamental reorientation in the Western view of the region. In order to contribute to a better understanding of present events and future developments in the area, leading East Asia economists and men of experience in Asian business from Asia, America, and East and West Europe have written papers on their research or business fields for this volume. The individual articles deal with problems common to the East Asian region and the Pacific area as well as with specific economic problems of Japan, China and South Korea. The volume is divided into four parts: East Asia and the Pacific Basin includes articles on supra-national issues, for example on the international economic relations of Japan, China, Taiwan and Korea. Japan includes articles on Japanese industrial and business structure, technological policy, exports and other issues. China includes articles on structural change, economic reforms, fiscal policy, agriculture and other issues. Korea includes articles on economic and industrial policy, restructuring, protectionism and other issues. The occasion of the publication of this volume is the 70th birthday of Willy Kraus, who for many years has been actively concerned with the questions of development in the East Asian region.

Author: Prema-Chandra Athukorala
Publisher: Institute of Southeast Asian Studies
ISBN: 981462005X
Category : Business & Economics
Languages : en
Pages : 306

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This volume is a tribute to Professor Hal Hill, one of the most distinguished and internationally renowned Australian development economists and the single most important Australian figure in the networks that bind the Australian and Southeast Asian economics professions over the past four decades. The volume contains twelve original contributions by distinguished scholars who are at the forefront of their own subject areas. The contributions are thematically arranged into three parts to reflect Professor Hill’s wide-ranging research interests: trade policy issues central to the development policy debate, structural change and global economic integration in East Asian economies, and the political economy of development policy.

Author: Wladek R. Malinowski
Publisher: Pergamon
ISBN:
Category : Business & Economics
Languages : en
Pages : 350

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Essays on the contribution of UNCTAD to the North South dialogue and international economic relations and trade relations - examines origins, objectives and achievements of UNCTAD, reviewing its activities as regards commodity agreements, technology transfer, financing, ECDC, trade development, sea transport, etc.; considers its relationship to GATT. References.