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Author: Michael L. Wachter Publisher: University of Pennsylvania Press ISBN: 1512808202 Category : Business & Economics Languages : en Pages : 536
Book Description
The unsatisfactory performance of the United States economy during the 1970s generated considerable debate over potential new directions for economic policy. This volume, the result of the second Wharton/Reliance Symposium held in May 1983, presents and analyzes a range of economic policy options. The focus of the volume is on potential policy remedies for the economic problems of slow real output and productivity growth. Given the range of issues covered and the alternative viewpoints presented, this collection does not search for an overall policy consensus. To focus on consensus would have required narrowing both the subject matter and the distinctive viewpoints that are presented here. The result is an open discussion of a set of existing and innovative policy options. Contributors include Henry A. Kissinger, former Secretary of State; Nobel Laureate Lawrence R. Klein, Lester C. Thurow, Professor of Economics and Management at Massachusetts Institute of Technology, Senator Alan Cranson; Alfred E. Kahn, Chairman of the Council on Wage and Price Stability under President Carter; William W. Winpisinger, International President of the International Association of Machinists and Aerospace Workers; and Justine Farr Rodriguez, Senior Economist with the U.S. Office of Management and Budget, among many others.
Author: Michael L. Wachter Publisher: University of Pennsylvania Press ISBN: 1512808202 Category : Business & Economics Languages : en Pages : 536
Book Description
The unsatisfactory performance of the United States economy during the 1970s generated considerable debate over potential new directions for economic policy. This volume, the result of the second Wharton/Reliance Symposium held in May 1983, presents and analyzes a range of economic policy options. The focus of the volume is on potential policy remedies for the economic problems of slow real output and productivity growth. Given the range of issues covered and the alternative viewpoints presented, this collection does not search for an overall policy consensus. To focus on consensus would have required narrowing both the subject matter and the distinctive viewpoints that are presented here. The result is an open discussion of a set of existing and innovative policy options. Contributors include Henry A. Kissinger, former Secretary of State; Nobel Laureate Lawrence R. Klein, Lester C. Thurow, Professor of Economics and Management at Massachusetts Institute of Technology, Senator Alan Cranson; Alfred E. Kahn, Chairman of the Council on Wage and Price Stability under President Carter; William W. Winpisinger, International President of the International Association of Machinists and Aerospace Workers; and Justine Farr Rodriguez, Senior Economist with the U.S. Office of Management and Budget, among many others.
Author: Mr.Hamid R Davoodi Publisher: International Monetary Fund ISBN: 9781589062290 Category : Business & Economics Languages : en Pages : 44
Book Description
The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.
Author: Mr.Ari Aisen Publisher: International Monetary Fund ISBN: 1455211907 Category : Business & Economics Languages : en Pages : 30
Book Description
The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Author: Commission on Growth and Development Publisher: World Bank Publications ISBN: 0821374923 Category : Business & Economics Languages : en Pages : 198
Book Description
The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.
Author: Ms.Era Dabla-Norris Publisher: International Monetary Fund ISBN: 1513547437 Category : Business & Economics Languages : en Pages : 39
Book Description
This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
Author: Tatyana P. Soubbotina Publisher: World Bank Publications ISBN: 9780821348536 Category : Business & Economics Languages : en Pages : 176
Book Description
The book, which draws on data published by the World Bank, is addressed to teachers, students, and all those interested in exploring issues of global development.
Author: Cai Fang Publisher: Edward Elgar Publishing ISBN: 1781005850 Category : Business & Economics Languages : en Pages : 247
Book Description
China has grown rapidly since the reform initiation of the 1970s. China’s Economic Growth Prospects narrates the contribution of demographic transition to recent economic growth in China, and provides suggestions for ways in which it can sustain growth over the next few decades. The expert author provides reasons for the economic slowdown since the second decade of the twenty-first century; explores the challenges facing China’s long-term sustainability of growth with the disappearance of demographic dividend; and proposes policy suggestions. He concludes that, in order to avoid the middle-income trap, economic growth in China must transform from an inputs-driven pattern, to a productivity-driven pattern. Academics, researchers and students of economics and business, particularly those specialising in China, will find this book to be a useful resource. Investment bankers, journalists, politicians and policy makers will find the discussions of past experience and the future potential of the Chinese economy to be of interest.
Author: Mr.Daniel Leigh Publisher: International Monetary Fund ISBN: 1455294691 Category : Business & Economics Languages : en Pages : 41
Book Description
This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.
Author: Michael L. Wachter
Author: Michael L. Wachter
Author: Mr.Hamid R Davoodi
Author: Michael L. Wachter
Author: Mr.Ari Aisen
Author: Commission on Growth and Development
Author: Ms.Era Dabla-Norris
Author: Tatyana P. Soubbotina
Author: Cai Fang
Author: James S. Duesenberry
Author: Mr.Daniel Leigh