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Economic Structure and Performance: Essays in Honor of Hollis B. Chenery briefly reviews the work of Hollis Chenery in the field of economics. This book discusses the underlying themes in Chenery's work, including structure, strategy, adjustment, and models. Organized into four parts encompassing 26 chapters, this book begins with an overview of the patterns of structural change and their relation to growth. This text then examines the objectives, measures, and implementation of policy, as well as administrative capabilities and cultural characteristics. Other chapters compare Chenery's econometric analysis of development patterns with the historical analyses and suggest that the two approaches complement each other. This book discusses as well the persistence of disequilibrium in segments of the economy. The final chapter deals with simple criteria for detecting critical interdependencies and a formula for measuring their welfare consequences. This book is a valuable resource for economists, industrialists, foreign capitalists, and social scientists.
Language
Place of publication
Publishing group
Elsevier Science & Techn.
ISBN-13
978-1-4832-5791-4 (9781483257914)
Schweitzer Classification
ContributorsPrefacePublications of Hollis B. CheneryPart I Structure 1. The Chenery Analysis and Some Other Considerations Introduction Comparison of Egypt and Korea Differences in Goals Differences in Managing Public Enterprise Differences in Managing the Incentives to Private Enterprise Differences in Managing the Implementation of Policy Differences in the Management of Planning The Cultural Milieu Notes References 2. Typology in Development Theory: Retrospective and Prospects Introduction Convergent Approaches Outlined A Brief Demonstration of the Comparative Historical Analysis Approach Prospects Notes References 3. Patterns of Economic Growth, 1850-1914, or Chenery-Syrquin in Historical Perspective Introduction Method Data Statistical Results: All Countries Comparison of Historical with Contemporary Patterns Typologies of Industrialization Conclusions Appendix A: Summary Definitions of Classificatory Indicators Notes References 4. Resource Reallocation and Productivity Growth Introduction Labor Shifts and the Growth of Labor Productivity: Partial Measures Resource Reallocation and Total Factor Productivity Growth The Gains from Reallocation: Empirical Results Conclusions Appendix A Notes References 5. Class Alliances and Surplus Labor Time Introduction Surplus Labor Time Class and State Incomes Alliance and Conflict Notes References 6. Some Elements of a Marxist Theory of Socialist Economic Development Introduction: Assumptions and Definitions A Model of Socialist and Communist Goals Strategies for Attaining Socialism The Strategy of Socialist Transformation The Strategy of Raising the Productive Forces Combined and Mixed Strategies Productive Forces and Relations of Production Conclusions NotesPart II Strategy 7. Comparative Advantage and Development Policy 20 Years Later Introduction Trade Policy versus Growth, circa 1960 Experience with Export-Led Growth Inner- and Outer-Oriented Strategies Contrasted Why is Performance Different? Summary and Conclusions Notes References 8. Development Problems of the Mineral-Rich Countries Introduction Mineral Policy Problems in General The Nature of Mining Projects The Automatic Adjustment Mechanism in MRCs Some Implications Notes References 9. Step-by-Step Liberalization of a Controlled Economy: Experience in Egypt Liberalization as a Step-by-Step Process The System of Economic Controls in Egypt in the Early 1970s Macroeconomic Trends during Liberalization Liberalization of Exchange Controls and Exchange Rates Liberalization of Arrangements for Private Companies The Liberalization of Other Areas Reasonable Principles for Liberalization Notes References 10. The Future of Incomes Policies Introduction Income Markets Are Imperfect Incomes Policies Are Indispensable Not To Be Restricted to Wages Incomes from Professions; Residual Incomes Social Productivity as a Possible Criterion References 11.