Author: Satish K. Jain Publisher: Routledge ISBN: 1317410742 Category : Business & Economics Languages : en Pages : 227
Book Description
This volume deals with a range of contemporary issues in Indian and other world economies, with a focus on economic theory and policy and their longstanding implications. It analyses and predicts the mechanisms that can come into play to determine the function of institutions and the impact of public policy.
Author: Mr. Jonathan David Ostry Publisher: International Monetary Fund ISBN: 1484397657 Category : Business & Economics Languages : en Pages : 30
Book Description
The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund’s mandate is providing advice that will enable members’ economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called “leaky bucket” hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore—as Okun and others have—that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion.
Author: Mr. Ross Levine Publisher: International Monetary Fund ISBN: 1513583360 Category : Business & Economics Languages : en Pages : 80
Book Description
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this paper, I review theoretical and empirical research on the connections between the operation of the financial system and economic growth and inequality. While subject to ample qualifications, the preponderance of evidence suggests that (1) financial development—both the development of banks and stock markets—spurs economic growth and (2) better functioning financial systems foster growth primarily by improving resource allocation and technological change, not by increasing saving rates. Some research also suggests that financial development expands economic opportunities and tightens income distribution, primarily by boosting the incomes of the poor. This work implies that financial development fosters growth by expanding opportunities. Finally, and more tentatively, financial innovation—improvements in the ability of financial systems to ameliorate information and transaction costs—may be necessary for sustaining growth.
Author: Silvio Borner Publisher: Paris, OECD ISBN: Category : Development economics Languages : en Pages : 120
Book Description
This publication discusses the impact of institutions on economic development and the determinants that shape institutional quality, using a new institutional economics (NIE) model based on a multidisciplinary approach to understanding issues including growth, efficiency and income distribution. Using the experience of Argentina under the Menem government as a case study, a methodology is developed and applied to test theoretical hypotheses regarding the concept of institutional quality and how delineation between economic and political institutions work in practice. It also considers systems of democracy and autocracy, and the impact of traditional, legal and cultural frameworks on institutional efficiency.
Author: Santiago Levy Publisher: Palgrave Macmillan ISBN: Category : Business & Economics Languages : en Pages : 484
Book Description
This book examines the relationship between equity and growth in Mexico. It looks at how specific inequalities in power, wealth and status have created and sustained economic institutions and polices that both tend to perpetuate these inequalities and are sources of inefficiencies and lack of dynamism in the economy.
Author: Nicholas R. Lardy Publisher: Cambridge University Press ISBN: 9780521034630 Category : Business & Economics Languages : en Pages : 0
Book Description
This study maintains that China's system of economic planning tends to mitigate the trade-off between economic growth and equity that has been found to prevail in the early stages of development in most less developed countries. The analysis focuses on the Chinese leadership's attempt to improve economic efficiency by decentralizing economic management without encouraging, as a consequence, increased economic inequality among different regions. By examining the budgetary and planning process, focusing in particular on the fiscal relations between the centre and the far-reaching degree of resource redistribution undertaken by the central government through its control of interprovincial and intersectoral resource transfers. Professor Lardy's analysis highlights the essential features of Chinese economic growth and relates these to the experience of both developing and Soviet-type economies.
Author: HL Ahuja Publisher: S. Chand Publishing ISBN: 9385676474 Category : Languages : en Pages :
Book Description
A result of more than four decades of teaching experience, this book deals with the problems of economic growth, development and eradication of poverty and unemployment. The book also includes an analytical study of important issues of environment and sustainable development. The book not only explains the models and theories of economic growth but also critically evaluates their relevance to developing countries. A major highlight of discussion in the context is the exploration of the widely accepted Amartya Sens Capability Approach to development.
Author: David Weil Publisher: Routledge ISBN: 1315510448 Category : Business & Economics Languages : en Pages : 586
Book Description
Why are some countries rich and others poor? David N. Weil, one of the top researchers in economic growth, introduces students to the latest theoretical tools, data, and insights underlying this pivotal question. By showing how empirical data relate to new and old theoretical ideas, Economic Growth provides students with a complete introduction to the discipline and the latest research. With its comprehensive and flexible organization, Economic Growth is ideal for a wide array of courses, including undergraduate and graduate courses in economic growth, economic development, macro theory, applied econometrics, and development studies.
Author: Satish K. Jain
Author: Mr. Jonathan David Ostry
Author: Mr. Ross Levine
Author: 
Author: Silvio Borner
Author: Santiago Levy
Author: Nicholas R. Lardy
Author: Assar Lindbeck
Author: HL Ahuja
Author: David Weil