New Structural Economics

Author : Justin Y. Lin
Publisher : Unknown
Page : 42 pages
File Size : 41,9 Mb
Release : 2017
Category : Electronic
ISBN : OCLC:1305848174

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New Structural Economics by Justin Y. Lin Pdf

As strategies for achieving sustainable growth in developing countries are re-examined in light of the financial crisis, it is critical to take into account structural change and its corollary, industrial upgrading. Economic literature has devoted a great deal of attention to the analysis of technological innovation, but not enough to these equally important issues. The new structural economics outlined in this paper suggests a framework to complement previous approaches in the search for sustainable growth strategies. It takes the following into consideration: First, an economy's structure of factor endowments evolves from one stage of development to another. Therefore, the optimal industrial structure of a given economy will be different at different stages of development. Each industrial structure requires corresponding infrastructure (both "hard" and "soft" ) to facilitate its operations and transactions. Second, each stage of economic development is a point along the continuum from a low-income agrarian economy to a high-income industrialized economy, not a dichotomy of two economic development stages ( "poor" versus "rich" or "developing" versus "industrialized" ). Industrial upgrading and infrastructure improvement targets in developing countries should not necessarily draw from those that exist in high-income countries. Third, at each given stage of development, the market is the basic mechanism for effective resource allocation. However, economic development as a dynamic process requires industrial upgrading and corresponding improvements in "hard" and "soft" infrastructure at each stage. Such upgrading entails large externalities to firms' transaction costs and returns to capital investment. Thus, in addition to an effective market mechanism, the government should play an active role in facilitating industrial upgrading and infrastructure improvements.

Author : Justin Yifu Lin
Publisher : World Bank Publications
Page : 389 pages
File Size : 46,5 Mb
Release : 2012-01-06
Category : Business & Economics
ISBN : 9780821389553

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New Structural Economics by Justin Yifu Lin Pdf

Economic development is a process of continuous technological innovation and structural transformation. Development thinking is inherently tied to the quest for sustainable growth strategies. This book provides a neoclassical approach for studying the determinants of economic structure and its transformation and draws new insights for development policy. The market is the basic mechanism for effective resource allocation at each level of development. However, economic development as a dynamic process entails structural changes, including industrial upgrading and diversification and corresponding improvements in hard and soft infrastructure. Such upgrading and improvements require coordination and go hand in hand with large externalities to firms' transaction costs and returns to capital investment. Thus, in addition to an effective market mechanism, the government should play an active role in facilitating structural changes. The book provides empirical evidence in support of this framework as well as concrete advice to development practitioners.

Author : Elodie Douarin,Oleh Havrylyshyn
Publisher : Springer Nature
Page : 982 pages
File Size : 53,8 Mb
Release : 2021-02-13
Category : Political Science
ISBN : 9783030508883

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The Palgrave Handbook of Comparative Economics by Elodie Douarin,Oleh Havrylyshyn Pdf

This book aims to define comparative economics and to illustrate the breadth and depth of its contribution. It starts with an historiography of the field, arguing for a continued legacy of comparative economic systems, which compared socialism and capitalism, a field which some argued should have been replaced by institutional economics after the fall of the Berlin Wall. The process of transition to market capitalism is reviewed, and itself exemplifies a new combination of comparative analysis with a focus on institutional development. Going beyond, chapters broadening the application of comparative analysis and applying it to new issues and approaches, including the role and definition of institutions, subjective wellbeing, inequality, populism, demography, and novel methodologies. Overall, comparative economics has evolved in the past 30 years, and remains a powerful approach for analyzing important issues.

Author : Luigi Pasinetti
Publisher : Cambridge University Press
Page : 212 pages
File Size : 55,8 Mb
Release : 2006-11-02
Category : Business & Economics
ISBN : 0521029767

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Structural Economic Dynamics by Luigi Pasinetti Pdf

This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of knowledge emerge as the decisive factors accounting for the success and failure of industrial societies.

Author : Justin Yifu Lin
Publisher : Unknown
Page : 128 pages
File Size : 48,5 Mb
Release : 2010
Category : Electronic
ISBN : OCLC:526416388

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New Structural Economics by Justin Yifu Lin Pdf

Author : Ludovico Alcorta,Neil Foster-McGregor,Bart Verspagen,Adam Szirmai
Publisher : Oxford University Press
Page : 688 pages
File Size : 55,5 Mb
Release : 2021-03-23
Category : Business & Economics
ISBN : 9780192590374

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New Perspectives on Structural Change by Ludovico Alcorta,Neil Foster-McGregor,Bart Verspagen,Adam Szirmai Pdf

New Perspectives on Structural Change is a comprehensive edited volume that outlines both the historical roots and state-of-the-art debates on the role of structural change in the process of economic development, including both orthodox and heterodox perspectives and contributions from prominent scholars in this field. The volume consists of four main sections. The first section covers the theoretical foundations of the structural change literature. The second section presents an empirical overview of the major trends of structural change, using up-to-date data sources and methods. The third section presents a broad ranging empirical analysis of the drivers of structural change. The fourth section examines how processes such as inclusive growth, poverty reduction, productive employment, the global income distribution, and environmental sustainability are affected by structural change, and how they can be influenced by policy.

Author : Faye Duchin
Publisher : Island Press
Page : 240 pages
File Size : 47,7 Mb
Release : 1998
Category : Business & Economics
ISBN : 1559636068

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Structural Economics by Faye Duchin Pdf

In all societies, the main causes of environmental degradation are resource extraction and the generation of wastes by households and industries. Realistic strategies for mitigating these impacts require an understanding of both the technologies by which resources are transformed into products, and the lifestyle choices that shape household use of such products. Structural Economics provides a framework for developing and evaluating such strategies. It represents an important new approach to describing household lifestyles and technological choices, the relationships between them, and their impact on resource use and waste. In this volume, economist Faye Duchin provides for the first time an authoritative and comprehensive introduction to the field, including its social as well as its technological dimensions. The presentation is accessible to non-specialists while also including a substantial amount of new research. Duchin's primary achievement is to integrate a qualitatively rich understanding of technologies and lifestyles into a flexible, quantitative framework grounded in established principles of input-output economics and social accounting. She uses tools and insights from areas as diverse as demography and market research to conceptualize and describe different categories of households and their lifestyles. She also draws on the expertise of engineers and physical scientists to examine the potential for technological change. The framework Duchin develops permits the rigorous and detailed analysis of specific scenarios for alternative technologies and changes in lifestyle. The author uses the case of Indonesia for illustration and to refine new concepts by testing their relevance against factual information. The new field of structural economics represents an important step forward in the effort to apply the power of science to solving the problems of modern societies. This book should prove invaluable to students and scholars of economics, sociology, or anthropology, as well as environmental scientists, policymakers at all levels, and anyone concerned with a practical interpretation of the elusive concept of sustainable development.

Author : Commission on Growth and Development
Publisher : World Bank Publications
Page : 196 pages
File Size : 48,7 Mb
Release : 2008-07-23
Category : Business & Economics
ISBN : 0821374923

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The Growth Report by Commission on Growth and Development Pdf

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 : Banji Oyelaran-Oyeyinka,Kaushalesh Lal
Publisher : Taylor & Francis
Page : 240 pages
File Size : 55,7 Mb
Release : 2016-09-13
Category : Business & Economics
ISBN : 9781317199601

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Structural Transformation and Economic Development by Banji Oyelaran-Oyeyinka,Kaushalesh Lal Pdf

This book examines long-term structural changes and the broad impact on economic development in regional comparative perspectives. The book analyzes data across Africa, Asia and Latin America. It looks at key variables of productivity growth, industrialization, poverty, urbanization, and employment. This book is concerned with understanding structural change dynamics and how it affects job creation, living standards, and the efficiency of productive cities through manufacturing productivity growth that benefits majority of citizens. With empirical evidence from a selected number of developing countries including China, India, Brazil, Nigeria and South Africa, the book attempts to present the considerable structural changes of these countries over the last few decades. It highlights that growth without the expected job creation is one of the distinct features of growth in emerging and developing countries. It suggests that countries may well record economic growth, whether through within sector productivity increase or through structural change, but this may not necessarily lead to employment, an important concern for long-term development.

Author : Justin Yifu Lin,Fang Cai,Zhou Li
Publisher : Chinese University Press
Page : 228 pages
File Size : 53,6 Mb
Release : 2001
Category : Business & Economics
ISBN : 9622019536

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State-owned Enterprise Reform in China by Justin Yifu Lin,Fang Cai,Zhou Li Pdf

This work is a continuation of the authors' earlier publication, "The China Miracle: Development Strategy and Economic Reform". The authors review the historical evolution of the state-owned enterprises, analyze the current problems, and suggest the direction for future reforms.

Author : Jonas Ljungberg
Publisher : Routledge
Page : 215 pages
File Size : 45,8 Mb
Release : 2016-05-05
Category : Business & Economics
ISBN : 9781317326878

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Structural Analysis and the Process of Economic Development by Jonas Ljungberg Pdf

Economic development is full of discontinuities. Mainstream economists perceive these as external disturbances to a natural state of equilibrium, but this book argues that much of the discontinuities are part of economic development, suggesting that patterns can be understood with structural analysis. Structural Analysis and the Process of Economic Development presents a detailed analysis of the trajectory of Swedish economic change since the nineteenth century. The emergence of structural analysis in economic research is reviewed, as well as a chapter devoted to development blocks, a key concept that was outlined in the 1940s and that has much in common with the more recent notions ‘techno-economic paradigms’ and ‘general-purpose technologies’. Structural analysis and the major contributions by Schön are introduced in this book. Also highlighted is Sweden’s integration into the international economy via the nineteenth century capital markets, along with structural analysis as a tool for understanding climate change. The recent technique of wavelet analysis and its potential for structural analysis is demonstrated in a non-technical chapter. This book is suitable for those who are interested in and study political economy, economic history and European history.

Author : Francesco Quatraro
Publisher : Routledge
Page : 241 pages
File Size : 53,8 Mb
Release : 2012-03-29
Category : Business & Economics
ISBN : 9781136338090

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The Economics of Structural Change in Knowledge by Francesco Quatraro Pdf

This book offers a theoretically novel way of approaching the knowledge economy, combining analysis of the works of Schumpeter and Kuznets and suggesting fresh conclusions. Francesco Quataro is an up and coming young scholar whose research with Cristiano Antonelli has been widely published in journals.

Author : Célestin Monga,Justin Yifu Lin
Publisher : Oxford University Press
Page : 608 pages
File Size : 46,5 Mb
Release : 2019-02-07
Category : Business & Economics
ISBN : 9780192512697

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The Oxford Handbook of Structural Transformation by Célestin Monga,Justin Yifu Lin Pdf

The Oxford Handbook of Structural Transformation addresses the economics of structural transformation around the world. It deals with major themes, which include history and context, critical issues and concepts, methodological foundations, main theoretical approaches, policy issues, some illuminating country experiences of structural transformation, and important debates on the respective roles of the market and the state in that process. The historical record provides a challenge for economists to understand the success of the rising economic powers (some of them initially considered unlikely candidates for prosperity) and the stagnation or decline of others. Five major questions emerge: · Why has so much divergence occurred among nations of the world since the Industrial Revolution, and particularly during the 20th century? · Why has the pattern changed recently with the emergence of a few developing economies (e.g. the multi-polar world), and can it be sustained? · What are the key drivers, strategies, and policies, to foster structural transformation in various different country contexts and in a constantly evolving global economy? · How could low- and middle-income countries avoid development traps and learn from past experiences whilst exploiting the new opportunities offered by the Fourth Industrial Revolution? · What is the role of various development stakeholders and other important players in facilitating sustained economic convergence among nations? This book addresses these questions, bringing the rigor, usefulness, and multi-disciplinary scope of the Oxford Handbook series to a critical topic in economics. The Oxford Handbook of Structural Transformation is an essential reference work and a stimulus to new research and creativity across all branches of the social sciences.

Author : Shahid Yusuf,Breda Griffith,Rwitwika Bhattacharya
Publisher : World Bank Publications
Page : 317 pages
File Size : 44,6 Mb
Release : 2011-09-15
Category : Business & Economics
ISBN : 9780821387856

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Frontiers in Development Policy by Shahid Yusuf,Breda Griffith,Rwitwika Bhattacharya Pdf

The global crisis of 2008-09 has brought to the forefront a plethora of economic and political policy issues. There is a re-opening of discussion on basic economic concepts, appropriate framework for analysis, role of private and public sectors in the economy, structural transformation of economies, human development and managing of growing risks and crises. The purpose of this book has been to bring home the inter-linkages in various parts of the economy and the need for practical policy making to reach development goals while being aware of the instabilities, complexities and downside risks inherent in the nature of a an economy operating in a globalized world. Thematically, this book focuses on two core types of policy: policies that promote strong, sustainable and inclusive growth in low income and middle income developing countries and new and emerging policies that necessitates a discussion amongst policy makers and practitioners. Throughout the book, the authors provide insight in to the different types of policy approaches that can be taken to help the economy grow. Ultimately the book looks to foster discussion amongst policy makers on growth and development.

Author : McMillan, Margaret ,Rodrik, Dani,Sepúlveda, Claudia
Publisher : Intl Food Policy Res Inst
Page : 328 pages
File Size : 54,6 Mb
Release : 2017-05-11
Category : Political Science
ISBN : 9780896292147

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Structural change, fundamentals, and growth : a framework and case studies by McMillan, Margaret ,Rodrik, Dani,Sepúlveda, Claudia Pdf