Author: Stefano BartoliniPublisher:
ISBN:
Category : Economic development
Languages : en
Pages : 36
Book Description
Growth as a coordination failure
Author: Stefano BartoliniPublisher:
ISBN:
Category : Economic development
Languages : en
Pages : 36
Book Description
Coordination Failure and Long Run Growth
Author: Hiroshi OsanoGrowth and Accumulation as Coordination Failures
Author: Stefano BartolinoEconomic Growth as a Coordination Problem
Author: Robert JonesPublisher:
ISBN:
Category : Economic development
Languages : en
Pages : 26
Book Description
Growth and Accuumulation as Coordination Failures
Author: Stefano BartoliniMultiple Equilibria and Coordination Failure in Cournot Competition
Author: Mikko PuhakkaPublisher:
ISBN: 9783924165642
Category :
Languages : de
Pages : 21
Book Description
Coordination and Growth
Author: Gerard H. KuperPublisher: Springer Science & Business Media
ISBN: 1461515491
Category : Business & Economics
Languages : en
Pages : 274
Book Description
Coordination and Growth: Essays in Honour of Simon K. Kuipers, addresses a rich variety of coordination issues in macroeconomics. It contains detailed studies in economic policy, monetary economics, and growth theory and uses various methodologies to address the coordination issue: from a pure theoretical to an empirical econometric approach. It is stressed that modern macroeconomics should focus on coordination issues. Imperfections of various kinds are likely to lead to coordination failures, which can lead to large welfare losses. Macroeconomists should address the causes and implications of imperfections and failures. In this book attempts are made to increase our knowledge in this field. The book is a tribute to one of the leading Dutch macroeconomists, Simon K. Kuipers. Simon Kuipers shows a major interest in the theory of capital (following e.g. Harrod), growth theory (following Solow), monetary theory (following Tobin), and disequilibrium theory (following Malinvaud and Benassy). The lines of thought have in common that they use frictions to explain the functioning of a market economy. The nature of the frictions varies from pure quantity rationing, like in the Malinvaud analysis, to imperfect substitution of various capital goods (like in the vintage models or assets (in the general monetary equilibrium models proposed by Tobin). Kuipers is not only interested in pure theoretical contributions, he also stimulates econometric work in line with the Dutch tradition initiated by Tinbergen. His applied work relates to policy analysis and policy prescriptions in many fields, ranging from monetary economics to distortions in the labour market. Kuipers can be classified as a true Keynesian, although he admires neoclassical theory for its rigour and compactness. Better still, he is an eclectic economist with an open eye for the different schools of thought in macroeconomics.
A New Interpretation of the Coordination Problem and Its Empirical Significance
Author: Matthew B. CanzoneriPublisher:
ISBN:
Category : International economic relations
Languages : en
Pages : 66
Book Description
growth diagnostics for a resource-rich transition economy: the case of mongolia
Author: Elena IanchovichinaPublisher: World Bank Publications
ISBN:
Category : Access to Finance
Languages : en
Pages : 39
Book Description
Abstract: This paper uses a growth diagnostics approach à la Hausmann, Rodrik, and Velasco (HRV) to identify the most 'binding' constraints to private sector growth in Mongolia - a small, low-income, mineral-rich, transition economy. The approach of applying the HRV methodology is useful in those cases where a lack of data prevents us from estimating shadow prices to identify the most 'binding' constraint to growth. We find that although Mongolia is not liquidity constrained and has grown rapidly in recent years, economic growth has been narrowly based. Investment has flowed mainly into a small number of firms operating in mining and construction. The low level of private investment in sectors outside mining and construction has been due to low returns - a result of costly and unreliable transportation services; lengthy and complex transit procedures, including customs and trade rules; distortionary taxes; coordination failures, at both domestic and international levels; and growing corruption. Poor financial intermediation is also a problem that has kept the cost of finance high, although lower than in previous years. Alleviating these binding constraints will ensure that Mongolia maintains the path towards sustained, broad-based growth.
Implications of Market and Coordination Failures for Rural Development in Least Developed Countries
Author: Jonathan KyddPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Market failures affecting economic growth in poor rural areas are firmly on the agenda but for goods and services with private good characteristics are generally not conceptualised and understood in ways that help policy analysis and formulation to recognise and address these failures. We need a greater recognition and understanding of the causes and nature of coordination failures which lead to these market failures. This paper examines core features of poor rural areas, the nature of coordination problems faced by different potential economic actors, the impacts of these problems on markets and economic development, and the ways that these have been addressed or ignored in different policies and policy approaches in Asia and Africa in the last 40 years. We conclude by drawing out the implications for policies seeking to promote pro-poor economic growth in poor rural areas today.