The Economics of Demand-led Growth
The Economics of Demand-led Growth

Author: Mark Setterfield

Publisher: Edward Elgar Publishing

Published: 2002

Total Pages: 328

ISBN-13:

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Economists from Europe, North America, and Australia challenge the notions that demand has only a transitory impact on the utilization of resources; and that the development of resources, and hence of potential output, over time is independent of demand. They argue instead that the role of demand in influencing the utilization of productive resources is chronic, and that there is no supply- determined equilibrium acting as a center of gravity toward which the level of economic activity is inevitably and inexorably drawn. The natural rate of growth, they conclude, is ultimately endogenous to the demand-determined actual rate of growth. Annotation copyrighted by Book News, Inc., Portland, OR

Wage-Led Growth
Wage-Led Growth

Author: Engelbert Stockhammer

Publisher: Springer

Published: 2013-12-03

Total Pages: 329

ISBN-13: 1137357932

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This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

Aggregate Demand
Aggregate Demand

Author: Fouad Sabry

Publisher: One Billion Knowledgeable

Published: 2024-04-05

Total Pages: 336

ISBN-13:

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What is Aggregate Demand In economics, aggregate demand (AD) or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time. It is often called effective demand, though at other times this term is distinguished. This is the demand for the gross domestic product of a country. It specifies the amount of goods and services that will be purchased at all possible price levels. Consumer spending, investment, corporate and government expenditure, and net exports make up the aggregate demand. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Aggregate demand Chapter 2: Keynesian economics Chapter 3: Macroeconomics Chapter 4: IS-LM model Chapter 5: New Keynesian economics Chapter 6: Fiscal policy Chapter 7: Fiscal multiplier Chapter 8: Deficit spending Chapter 9: The General Theory of Employment, Interest and Money Chapter 10: Consumption (economics) Chapter 11: Accelerator effect Chapter 12: Crowding out (economics) Chapter 13: Pigou effect Chapter 14: Balanced budget Chapter 15: Mundell-Fleming model Chapter 16: Multiplier (economics) Chapter 17: AD-AS model Chapter 18: Keynesian cross Chapter 19: Demand-led growth Chapter 20: Aggregate supply Chapter 21: Crowding-in effect (II) Answering the public top questions about aggregate demand. (III) Real world examples for the usage of aggregate demand in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Aggregate Demand.

Growth, Distribution and Effective Demand
Growth, Distribution and Effective Demand

Author: George Argyrous

Publisher: Routledge

Published: 2019-06-21

Total Pages: 414

ISBN-13: 131746933X

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Growth, Distribution, and Effective Demand presents original essays on a variety of topics in theoretical and applied economics. The book honors the work of Edward J. Nell and develops interconnected themes that run through the modern Post-Keynesian tradition. The first part deals with the fundamental idea that economic growth is demand-driven, with special attention to policy ramifications. The second theme concerns the connection between economic growth and the structural characteristics of a market economy. These issues are closely linked to a critical tradition that calls into question key elements in orthodox economics. The final part of the book aims to buttress non-orthodox approaches to growth and distribution by critiquing particular aspects of the conventional theory, by elaborating neglected themes in non-orthodox theory, or by exploring some overlooked methodological ideas.

Heterodox Macroeconomics
Heterodox Macroeconomics

Author: Robert A. Blecker

Publisher: Edward Elgar Publishing

Published: 2019

Total Pages: 643

ISBN-13: 1784718904

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p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial} The last few decades have witnessed an outpouring of literature on macroeconomic models in the broad ‘heterodox’ tradition of Marx, Keynes, Robinson, Kaldor and Kalecki. These models yield an alternative analytical framework in which the big questions of our day – such as how inequality is related to growth or stagnation, and whether long-run growth is stable or unstable – can be fruitfully addressed. Heterodox Macroeconomics provides an accessible, pedagogically oriented treatment of the leading models and approaches in heterodox macroeconomics with clear, step-by-step presentations of core models and their solutions, properties and implications.

Rethinking Economic Growth Theory From a Biophysical Perspective
Rethinking Economic Growth Theory From a Biophysical Perspective

Author: Blair Fix

Publisher: Springer

Published: 2014-12-09

Total Pages: 129

ISBN-13: 3319128264

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Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can become decoupled from energy consumption; 2) economic distribution is unrelated to growth; 3) large institutions are not important for growth; and 4) labor force structure is not important for growth. Drawing on a wide range of data from the economic history of the United States, this book tests the validity of these assumptions and finds no empirical support. Instead, connections are found between the growth in energy consumption and such disparate phenomena as economic redistribution, corporate employment concentration, and changing labor force structure. The integration of energy into an economic growth model has the potential to offer insight into the future effects of fossil fuel depletion on key macroeconomic indicators, which is already manifested in stalled or diminished growth and escalating debt in many national economies. This book argues for an alternative, biophysical perspective to the study of growth, and presents a set of "stylized facts" that such an approach must successfully explain. Aspects of biophysical analysis are combined with differential monetary analysis to arrive at a unique empirical methodology for investigating the elements and dependencies of the economic growth process.

Economic Growth
Economic Growth

Author: Philip Arestis

Publisher: Edward Elgar Publishing

Published: 2007-01-01

Total Pages: 344

ISBN-13: 9781847205216

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Focuses on the nature, causes and features of economic growth across a range of countries and regions. This title covers a variety of growth related topics - from theoretical analyses of economic growth in general to empirical analyses of growth in the OECD, transition economies and developing economies. This enlightening and significant new volume focuses on the nature, causes and features of economic growth across a wide range of countries and regions. Covering a variety of growth related topics - from theoretical analyses of economic growth in general to empirical analyses of growth in the OECD, transition economies and developing economies - the distinguished cast of contributors address some of the most important contemporary issues and developments in the field. These include, amongst others: endogenous growth theory, Keynesian theories of the business cycle and growth, unemployment and growth, FDI and productivity spillovers, and knowledge externalities and growth. This useful analysis of the many facets of economic growth will be an essential read for those interested in economic theory and economic policy-making, as well as students and scholars of macroeconomics and finance.

Conflict, Demand and Economic Development
Conflict, Demand and Economic Development

Author: Deepankar Basu

Publisher: Taylor & Francis

Published: 2020-11-26

Total Pages: 359

ISBN-13: 1000246000

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This book presents a comprehensive overview of three key areas: heterodox macroeconomics, development economics and classical political economy. It offers an alternative macroeconomic framework to analyse policies with an emphasis on issues of equity and justice. With contributions by leading economists from across the world, it examines the growth and distribution of income; trade and finance in developing countries; classical political economy and Marxist theory; dualism in the US economy; economic crisis; and agrarian economy in poor countries. It explores themes such as the effect of an exogenous shock to wage share; Harrodian instability and Steindlian solutions; economics and politics of social democracy; the role of power in the macroeconomy; economic development through the promotion of domestic value chains; and reflections on primitive accumulation. Going beyond the neo-classical tradition, the volume opens up a new vista of economics by discussing unexplored questions. It provides a refreshing treatment of time-tested ideas as well as discussions of recent developments and current research. A major intervention in heterodox macroeconomics and a tribute to macroeconomist Amit Bhaduri, this book will be useful to scholars and researchers of economics, political economy, development studies, sociology, political science, public administration, economic theory, economic history, economic geography and critical studies, as well as professionals, economists and policymakers.

Aggregate Supply
Aggregate Supply

Author: Fouad Sabry

Publisher: One Billion Knowledgeable

Published: 2024-04-05

Total Pages: 356

ISBN-13:

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What is Aggregate Supply In economics, aggregate supply (AS) or domestic final supply (DFS) is the total supply of goods and services that firms in a national economy plan on selling during a specific time period. It is the total amount of goods and services that firms are willing and able to sell at a given price level in an economy. Together with aggregate demand it serves as one of two components for the AS-AD model. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Aggregate supply Chapter 2: Macroeconomics Chapter 3: Stagflation Chapter 4: Supply and demand Chapter 5: Inflation Chapter 6: IS-LM model Chapter 7: Full employment Chapter 8: New Keynesian economics Chapter 9: Fiscal policy Chapter 10: Phillips curve Chapter 11: Aggregate demand Chapter 12: Supply shock Chapter 13: Long run and short run Chapter 14: AP Macroeconomics Chapter 15: Nobuo Okishio Chapter 16: Neoclassical synthesis Chapter 17: AD-AS model Chapter 18: Demand-led growth Chapter 19: Factor market Chapter 20: Fei-Ranis model of economic growth Chapter 21: Deflation (II) Answering the public top questions about aggregate supply. (III) Real world examples for the usage of aggregate supply in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Aggregate Supply.

Innovation, Reallocation, and Growth
Innovation, Reallocation, and Growth

Author: Daron Acemoglu

Publisher:

Published: 2019

Total Pages: 58

ISBN-13:

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We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A new and central economic force is the selection between highand low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using US Census micro data on firm-level output, R&D and patenting. The model provides a good fit to the dynamics of firm entry and exit, output and R&D. Taxing the continued operation of incumbents can lead to sizable gains (of the order of 1.4% improvement in welfare) by encouraging exit of less productive firms and freeing up skilled labor to be used for R&D by high-type incumbents. Subsidies to the R&D of incumbents do not achieve this objective because they encourage the survival and expansion of low-type firms.