Author: Peter E. Robertson
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 44
Book Description
Transitional Growth Paths in Developing Economies
Author: Peter E. Robertson
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 44
Book Description
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 44
Book Description
Transitional Dynamics and Economic Growth in Developing Countries
Author: Thomas Steger
Publisher: Springer Science & Business Media
ISBN: 3642457843
Category : Business & Economics
Languages : en
Pages : 161
Book Description
Four stylised facts of aggregate economic growth are set up initially. The growth process is interpreted to represent transitional dynamics rather than balanced-growth equilibria. Against this background, the fundamental importance of subsistence consumption is comprehensively analysed. Subsequently, the meaning of the productive-consumption hypothesis for the intertemporal consumption trade-off and the growth process is investigated. Finally, the process of growth is analysed empirically by means of cross-sectional conditional convergence regressions with endogenous control variables.
Publisher: Springer Science & Business Media
ISBN: 3642457843
Category : Business & Economics
Languages : en
Pages : 161
Book Description
Four stylised facts of aggregate economic growth are set up initially. The growth process is interpreted to represent transitional dynamics rather than balanced-growth equilibria. Against this background, the fundamental importance of subsistence consumption is comprehensively analysed. Subsequently, the meaning of the productive-consumption hypothesis for the intertemporal consumption trade-off and the growth process is investigated. Finally, the process of growth is analysed empirically by means of cross-sectional conditional convergence regressions with endogenous control variables.
Transition Dynamics and Trade Policy Reform in Developing Countries
Author: Joseph F. Francois
Publisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 42
Book Description
Publisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 42
Book Description
Institutions, Human Development and Economic Growth in Transition Economies
Author: P. Tridico
Publisher: Springer
ISBN: 0230313884
Category : Business & Economics
Languages : en
Pages : 313
Book Description
This book analyses the development path of transition economies in European Countries and former Soviet Republics that have experienced the transformation from planned economies to market economies since the fall of the Berlin wall in 1989. It examines economic growth, institutional change and human development performance.
Publisher: Springer
ISBN: 0230313884
Category : Business & Economics
Languages : en
Pages : 313
Book Description
This book analyses the development path of transition economies in European Countries and former Soviet Republics that have experienced the transformation from planned economies to market economies since the fall of the Berlin wall in 1989. It examines economic growth, institutional change and human development performance.
Trade and Development in Transitional Economics
Author: Kishor Sharma
Publisher: Nova Publishers
ISBN: 9781594548161
Category : Business & Economics
Languages : en
Pages : 156
Book Description
This book presents an analysis of the Kyrgyz Republic and Tajikistan whose experiences are equally important to other newly independent countries. These countries were little known to the rest of the world until they gained independence from the FSU. Independence from the FSU brought more challenges than opportunities. Despite huge development potential, based on natural resources, almost all countries in the region continue to suffer from high unemployment and fiscal imbalances. While trade, based on the concept of comparative advantage, is crucial for small economies, as the experience of Singapore and Hong Kong suggests, it has not played a significant role in accelerating growth and alleviating poverty in the Central Asian countries. The book sheds light on these issues which can provide useful development lessons, not only to newly independent countries, but also to other developing countries which are in the path of global integration.
Publisher: Nova Publishers
ISBN: 9781594548161
Category : Business & Economics
Languages : en
Pages : 156
Book Description
This book presents an analysis of the Kyrgyz Republic and Tajikistan whose experiences are equally important to other newly independent countries. These countries were little known to the rest of the world until they gained independence from the FSU. Independence from the FSU brought more challenges than opportunities. Despite huge development potential, based on natural resources, almost all countries in the region continue to suffer from high unemployment and fiscal imbalances. While trade, based on the concept of comparative advantage, is crucial for small economies, as the experience of Singapore and Hong Kong suggests, it has not played a significant role in accelerating growth and alleviating poverty in the Central Asian countries. The book sheds light on these issues which can provide useful development lessons, not only to newly independent countries, but also to other developing countries which are in the path of global integration.
Globalization and Catching-up
Author: Grzegorz W. Kołodko
Publisher: International Monetary Fund
ISBN:
Category : Economic forecasting
Languages : en
Pages : 58
Book Description
Publisher: International Monetary Fund
ISBN:
Category : Economic forecasting
Languages : en
Pages : 58
Book Description
Economic Growth And Development (Third Edition)
Author: Hendrik Van Den Berg
Publisher: World Scientific Publishing Company
ISBN: 9814733350
Category : Business & Economics
Languages : en
Pages : 923
Book Description
This textbook covers the full range of topics and issues normally included in a course on economic growth and development. Both mainstream economic perspectives as well as the multi-paradigmatic, inter-disciplinary, and dynamic-evolutionary perspectives from heterodox economics are detailed. Economic development is viewed in terms of the long-run well-being of humanity, social stability, environmental sustainability, and just distribution of economic gains, not simply as the growth of GDP. Furthermore, this textbook explicitly recognizes the complexity of economic development by linking economic activity to our broader social and natural environments.The textbook's unique feature is its focus on the natural environment. Both the historical effects of economic development on the environment and the environmental constraints on future economic development are thoroughly discussed in two chapters on environmental issues and policies. In fact, because economic development is defined in terms of economic, social, and environmental sustainability, the natural environment is included in discussions throughout the book.The textbook is inter-disciplinary: knowledge from fields such as sociology, psychology, political science, economic history, and ecology is called on to enhance the economic analysis. A thorough historical account of the development of the principal paradigms of economic development is also included, and the important issues of institutional development and cultural change merit their own chapters. Two chapters on technological change holistically focus on production technologies as well as the dynamic performance of entire economic, social, and ecological systems. Also, the important relationship between economic development and globalization is presented in three chapters on international trade, international finance and investment, and immigration from both orthodox and heterodox perspectives.
Publisher: World Scientific Publishing Company
ISBN: 9814733350
Category : Business & Economics
Languages : en
Pages : 923
Book Description
This textbook covers the full range of topics and issues normally included in a course on economic growth and development. Both mainstream economic perspectives as well as the multi-paradigmatic, inter-disciplinary, and dynamic-evolutionary perspectives from heterodox economics are detailed. Economic development is viewed in terms of the long-run well-being of humanity, social stability, environmental sustainability, and just distribution of economic gains, not simply as the growth of GDP. Furthermore, this textbook explicitly recognizes the complexity of economic development by linking economic activity to our broader social and natural environments.The textbook's unique feature is its focus on the natural environment. Both the historical effects of economic development on the environment and the environmental constraints on future economic development are thoroughly discussed in two chapters on environmental issues and policies. In fact, because economic development is defined in terms of economic, social, and environmental sustainability, the natural environment is included in discussions throughout the book.The textbook is inter-disciplinary: knowledge from fields such as sociology, psychology, political science, economic history, and ecology is called on to enhance the economic analysis. A thorough historical account of the development of the principal paradigms of economic development is also included, and the important issues of institutional development and cultural change merit their own chapters. Two chapters on technological change holistically focus on production technologies as well as the dynamic performance of entire economic, social, and ecological systems. Also, the important relationship between economic development and globalization is presented in three chapters on international trade, international finance and investment, and immigration from both orthodox and heterodox perspectives.
Economic Growth And Development (Second Edition)
Author: Hendrik Van Den Berg
Publisher: World Scientific Publishing Company
ISBN: 9813100575
Category : Business & Economics
Languages : en
Pages : 890
Book Description
This textbook covers the full range of topics and issues normally included in a course on economic growth and development. Both mainstream economic perspectives as well as the multi-paradigmatic, inter-disciplinary, and dynamic-evolutionary perspectives from heterodox economics are detailed. Economic development is viewed in terms of the long-run well-being of humanity, social stability, environmental sustainability, and just distribution of economic gains, not simply as the growth of GDP. Furthermore, this textbook explicitly recognizes the complexity of economic development by linking economic activity to our broader social and natural environments.The textbook's unique feature is its focus on the natural environment. Both the historical effects of economic development on the environment and the environmental constraints on future economic development are thoroughly discussed in two chapters on environmental issues and policies. In fact, because economic development is defined in terms of economic, social, and environmental sustainability, the natural environment is included in discussions throughout the book.The textbook is inter-disciplinary: knowledge from fields such as sociology, psychology, political science, economic history, and ecology is called on to enhance the economic analysis. A thorough historical account of the development of the principal paradigms of economic development is also included, and the important issues of institutional development and cultural change merit their own chapters. Two chapters on technological change holistically focus on production technologies as well as the dynamic performance of entire economic, social, and ecological systems. Also, the important relationship between economic development and globalization is presented in three chapters on international trade, international finance and investment, and immigration from both orthodox and heterodox perspectives.
Publisher: World Scientific Publishing Company
ISBN: 9813100575
Category : Business & Economics
Languages : en
Pages : 890
Book Description
This textbook covers the full range of topics and issues normally included in a course on economic growth and development. Both mainstream economic perspectives as well as the multi-paradigmatic, inter-disciplinary, and dynamic-evolutionary perspectives from heterodox economics are detailed. Economic development is viewed in terms of the long-run well-being of humanity, social stability, environmental sustainability, and just distribution of economic gains, not simply as the growth of GDP. Furthermore, this textbook explicitly recognizes the complexity of economic development by linking economic activity to our broader social and natural environments.The textbook's unique feature is its focus on the natural environment. Both the historical effects of economic development on the environment and the environmental constraints on future economic development are thoroughly discussed in two chapters on environmental issues and policies. In fact, because economic development is defined in terms of economic, social, and environmental sustainability, the natural environment is included in discussions throughout the book.The textbook is inter-disciplinary: knowledge from fields such as sociology, psychology, political science, economic history, and ecology is called on to enhance the economic analysis. A thorough historical account of the development of the principal paradigms of economic development is also included, and the important issues of institutional development and cultural change merit their own chapters. Two chapters on technological change holistically focus on production technologies as well as the dynamic performance of entire economic, social, and ecological systems. Also, the important relationship between economic development and globalization is presented in three chapters on international trade, international finance and investment, and immigration from both orthodox and heterodox perspectives.
Management of Developing Economies in Transition
Author: Wuu-Long Lin
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 218
Book Description
The changing role of the public sector in promoting socio-economic development.
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 218
Book Description
The changing role of the public sector in promoting socio-economic development.
Instability and Volatility of Economic Growth Under Transition
Author: Natasha Trajkova
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The aim of this thesis is to explore growth processes in transition economies (TEs) by analysing differences between growth patterns in the course of transition and the smooth growth paths characteristic of developed market economies. Accordingly, the thesis builds upon the neoclassical growth theory 10 the transition context to develop a modified theoretical model that conceptualizes transition as a non~linear process consisting of three distinct stages or regimes of growth: the crash or adjustment stage; the recovery stage; and the take~off stage. Namely, instead of describing transition as a movement along one steady state linear growth path, this new approach depicts transition as a process of radical adjournments or shifts between growth paths caused by big structural changes in the economy. This theoretical model is tested not only informally against the observed growth patterns under transition, but also through a series of econometric investigations: (1) Perron's procedure for testing for structural breaks in the presence of a unit root in the data series; (2) a univariate Markov Switching Model (MSM) for assessing (a) whether or not the different hypothesized regimes exist in the data an~ (b) if different growth regimes do exist, both the instability between and volatility within growth regimes; and (3), a multivariate MS VAR model estimated as a small vector autoregression that repeats the univariate MSM investigation into growth regimes but conditional on both physical and human capital variables. The empirical evidence supports the concept of non~linear growth characterised by structural changes and regime shifts. In particular, the univariate MS analysis suggests that most TEs (19 from 26) have passed through all three regimes or stages of transition, with variations across groups in terms of the recorded mean GDP growth rates and the volatility in each regime. Conversely, the multivariate analysis brings forward a somewhat different depiction. Namely, although generally confirming the idea of instability and volatility, the MS VAR analysis suggests that only an elite "few", the five most developed TEs, now EU members have managed to pass through all three stages of transition, as identified in our theoretical model. They can be regarded as having completed their journey by becoming developed market economies In contrast; all the others recorded only two distinct regimes. This result is consistent with our theoretical model in identifying three main stages or growth regimes in the transition process. Finally, the thesis appraises a new notion of transition as a process of dramatic non ~ linear changes that require correspondingly bold policies, particularly if the third regime leading to the developed market economy status is to be attained. Although this thesis does not prescribe specific policy recommendations, it does provide a particular perspective for policymaking, namely one oriented to long-run supply-side reforms.
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The aim of this thesis is to explore growth processes in transition economies (TEs) by analysing differences between growth patterns in the course of transition and the smooth growth paths characteristic of developed market economies. Accordingly, the thesis builds upon the neoclassical growth theory 10 the transition context to develop a modified theoretical model that conceptualizes transition as a non~linear process consisting of three distinct stages or regimes of growth: the crash or adjustment stage; the recovery stage; and the take~off stage. Namely, instead of describing transition as a movement along one steady state linear growth path, this new approach depicts transition as a process of radical adjournments or shifts between growth paths caused by big structural changes in the economy. This theoretical model is tested not only informally against the observed growth patterns under transition, but also through a series of econometric investigations: (1) Perron's procedure for testing for structural breaks in the presence of a unit root in the data series; (2) a univariate Markov Switching Model (MSM) for assessing (a) whether or not the different hypothesized regimes exist in the data an~ (b) if different growth regimes do exist, both the instability between and volatility within growth regimes; and (3), a multivariate MS VAR model estimated as a small vector autoregression that repeats the univariate MSM investigation into growth regimes but conditional on both physical and human capital variables. The empirical evidence supports the concept of non~linear growth characterised by structural changes and regime shifts. In particular, the univariate MS analysis suggests that most TEs (19 from 26) have passed through all three regimes or stages of transition, with variations across groups in terms of the recorded mean GDP growth rates and the volatility in each regime. Conversely, the multivariate analysis brings forward a somewhat different depiction. Namely, although generally confirming the idea of instability and volatility, the MS VAR analysis suggests that only an elite "few", the five most developed TEs, now EU members have managed to pass through all three stages of transition, as identified in our theoretical model. They can be regarded as having completed their journey by becoming developed market economies In contrast; all the others recorded only two distinct regimes. This result is consistent with our theoretical model in identifying three main stages or growth regimes in the transition process. Finally, the thesis appraises a new notion of transition as a process of dramatic non ~ linear changes that require correspondingly bold policies, particularly if the third regime leading to the developed market economy status is to be attained. Although this thesis does not prescribe specific policy recommendations, it does provide a particular perspective for policymaking, namely one oriented to long-run supply-side reforms.