Controlled Open Economies
A Neoclassical Approach to Structuralism
Published on 1. November 1994
Book
Paperback/Softback
380 pages
978-0-19-828783-4 (ISBN)
Description
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.
More details
Edition
New edition
Language
English
Place of publication
Oxford
United Kingdom
Publishing group
Oxford University Press
Target group
Professional and scholarly
Edition type
New edition
Illustrations
tabl., fig.
line figures, tables
ISBN-13
978-0-19-828783-4 (9780198287834)
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Schweitzer Classification
Persons
Content
List of figures; List of tables; Introduction; I. The Theory of Controlled Open Economies: Compatible control regimes: Appendix: Compatible trade and fiscal policies: the model; Incompatible control regimes: Appendix: Monte Carlo experiments with the two-period model; the theory of a temporary windfall in a controlled economy; II. Two African Applications: An application to the Kenyan coffee boom of 1974-1983: Appendix 1: A narrative of macroeconomic events; Appendix 2: The computable general equilibrium model; An application to the Tanzanian economic decline of 1975-1984; Macroeconomic experience compared; Conclusion: And a manifesto; References; Index