This book develops macroeconomic theory for small open economies characterized by the sort of controls which make much of existing neoclassical economics inapplicable to developing countries. The applicability of this theory is demonstrated in an analysis of two temporary trade shocks in Africa.
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an important study of the impact of state action on the rural poor (Economic Journal)
This book is a valuable contribution to development economics and ... to the economic theory of socialist decline and transition from socialism. (Journal of Development Economics)
This book develops macroeconomic theory for small open economies characterized by the sort of controls which make much of existing neoclassical economics inapplicable to developing countries. The applicability of this theory is demonstrated in an analysis of two temporary trade shocks in Africa.
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Anbieter: Kloof Booksellers & Scientia Verlag, Amsterdam, Niederlande
Zustand: very good. Oxford : Oxford University Press, 1990. Paperback. 384 pp.- This book develops macroeconomic theory for small open economies characterized by the sort of controls which make much of existing neoclassical economics inapplicable to developing countries. It distinguishes between sustainable combinations of policies and incompatible control regimes. The authors analyze the changes needed to maintain compatibility and the consequences of failing to do so. They also consider optimal investments in response to a temporary shock. The second half of the book contains an analysis of two temporary trade shocks in Africa, in both compatible and incompatible control regimes, demonstrating the applicability of the theory. It shows that in a compatible regime, the regime and the fiscal response to changes in revenue may make the reaction to a shock grossly inefficient. Under incompatibility, an economy exposed to a negative shock may go into steep decline, while responses to conventional policies may be reversed. Library stamps. English text. Condition : very good. Condition : very good copy. ISBN 9780198287834. Keywords : , Bestandsnummer des Verkäufers 39354
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Anbieter: Hay-on-Wye Booksellers, Hay-on-Wye, HEREF, Vereinigtes Königreich
Zustand: Good. Some shelfwear, scratches and wear to cover, in a good condition. Bestandsnummer des Verkäufers 117142-1
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Anbieter: Hay-on-Wye Booksellers, Hay-on-Wye, HEREF, Vereinigtes Königreich
Zustand: Very Good. Some shelfwear, scratches and wear to cover, in a very good condition. Bestandsnummer des Verkäufers 119998-1
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Anbieter: Hay-on-Wye Booksellers, Hay-on-Wye, HEREF, Vereinigtes Königreich
Zustand: Very Good. Slight shelfwear, wear to edges and corners , scratches to cover, in a very good condition. Bestandsnummer des Verkäufers 119989-2
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