The Capital Goods Industry and the Dynamics of Economic Development PDF Download

Author: Fábio Stefano Erber
Publisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 42

View

Book Description

Author: Fabio Stefano Erber
Publisher:
ISBN:
Category :
Languages : en
Pages : 42

View

Book Description

Author: Martin Fransman
Publisher: Springer
ISBN: 1349184403
Category : Business & Economics
Languages : en
Pages : 291

View

Book Description

Author: Franco Nardini
Publisher: Springer Science & Business Media
ISBN: 3642566596
Category : Business & Economics
Languages : en
Pages : 187

View

Book Description
In this book we intend to discuss economic fluctuations and growth and possible stabilizing fiscal policies. Since these topics are major preoccupa tions of economic theorists and have been extensively discussed since the classics, one may wonder why another book on these subjects. A possible defense is that we are going to do so in the framework of a two-sector model where the main featureS of each sector depend on the characteristics of the goods produced by the sector itself. The conventional wisdom suggests that the problem of (dis )aggregation in growth and business cycle theory is basically a quantitative one: the model should consider as many sectors, goods, and agents as necessary to provide a sufficiently rich picture, the upper bound obviously resulting from the tractability of the problem. In this attitude the same equilibrium (or diseqUilibrium) assumptions generally hold true throughout all sectors. Here we want to prove the relevance of an alternative approach: we look at the qualitative differences across sectors and at the peculiarities of each market as at the determinants of the economic dynamics. This tradition goes back over one hundred years to Tugan-Baranowkj and has been de veloped by Aftalion, Fanno, Spiethof, and Lowe, but has never been sys tematically formalized.

Author: Adam Szirmai
Publisher: Cambridge University Press
ISBN: 1107717566
Category : Business & Economics
Languages : en
Pages : 760

View

Book Description
Why are poor countries poor and rich countries rich? How are wealth and poverty related to changes in nutrition, health, life expectancy, education, population growth and politics? This modern, non-technical 2005 introduction to development studies explores the dynamics of socio-economic development and stagnation in developing countries. Taking a quantitative and comparative approach to contemporary debates within their broader context, Szirmai examines historical, institutional, demographic, sociological, political and cultural factors. Key chapters focus on economic growth, technological change, industrialisation, agricultural development, and consider social dimensions such as population growth, health and education. Each chapter contains comparative statistics on trends from a sample of twenty-nine developing countries. This rich statistical database allows students to strengthen their understanding of comparative development experiences. Assuming no prior knowledge of economics the book is suited for use in inter-disciplinary development studies programmes as well as economics courses, and will also interest practitioners pursuing careers in developing countries.

Author: Edwin Burmeister
Publisher: CUP Archive
ISBN: 9780521228893
Category : Business & Economics
Languages : en
Pages : 358

View

Book Description
Capital theory and dynamics are cornerstones for almost every branch of economics. Except in a fictional world where the economies of yesterday, today, and tomorrow are identical, issues of capital formation and dynamic behaviour must always arise. Although the specialist literature is technically demanding, Professor Burmeister shows that its important results can be understood and their economic significance grasped by those who do not possess the "mathematical literacy" required to follow rigorous proofs. Even if future events are known with certainty, they still influence the current economic state. This is the pure role of time. That future events are not known with certainty adds another complexity. This book focuses mainly on the pure role of time.

Author: Santanu Chatterjee
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

View

Book Description
This paper examines the implications of capital utilization for the dynamics of growth and convergence. Optimal decisions by economic agents regarding the utilization of capital lead to empirically plausible speeds of convergence in one-sector models of economic growth, thereby providing a simpler alternative to the adjustment costs and multiple capital goods frameworks. The sensitivity of depreciation to capital utilization leads to less than full utilization of capital by the economic agent, a result consistent with empirical facts. The relationship between the rate of depreciation and capital utilization, embodied in the variable marginal benefits and costs of capital accumulation along the transition path, plays a crucial role in slowing down the speed of convergence to the steady state. By assuming a constant depreciation rate and full capital utilization, standard growth models may be significantly overstating the magnitude of the steady-state equilibrium. Finally, differences across countries in the extent to which agents internalize the capital utilization decision along the transition path may lead to differences in the speed of adjustment tothe steady-state equilibrium, even for countries that have similar initial and terminal conditions.

Author: Weicheng Lian
Publisher: International Monetary Fund
ISBN: 149832343X
Category : Business & Economics
Languages : en
Pages : 86

View

Book Description
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.

Author: J. E. Meade
Publisher: Routledge
ISBN: 1351481746
Category : Business & Economics
Languages : en
Pages : 488

View

Book Description
In this sequel to his widely praised classic study of The Stationary Economy, Nobel Prize winning economist J. E. Meade continues his systematic treatment of the entire fi eld of economic analysis. He uses a series of simplifi ed models designed to show the interconnections between various specialist fi elds of economic theory.The Growing Economy departs from the position of static equilibrium Meade assumes in The Stationary Economy. Here he deals with equilibrium growth. Meade introduces capital goods and allows for growth through capital accumulation, population expansion, and technical progress. He still assumes perfect competition and the absence of indivisibilities, so that there are constant returns to scale in the productive system and a given set of consistent and independent preferences for each consumer.In this volume, an attempt is made to discuss the theory of economic growth with a minimum of mathematical analysis. In the main text no diff erential or integral calculus is employed; such mathematical techniques are used (sparingly) only in footnotes and appendices, which the general reader may avoid. Meade's treatise off ers students and specialists alike a general survey of theory in a form that is assessable even for those with little mathematical training. He takes into account the dynamics of trade, increased demand, and new technology and their impact on growth. Th is book carries the discussion a long way from the harmonious quiet of the abstract model to the untidy, real world.

Author: W. Zhang
Publisher: Springer
ISBN: 023050633X
Category : Business & Economics
Languages : en
Pages : 461

View

Book Description
The book deals with economic issues related to income and wealth among individuals, regions and countries. It presents a general theory with endogenous capital, knowledge and preference changes for an economic system with heterogeneous households, multiple sectors, multiple regions and multiple countries.