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The Analysis of Household Surveys: A Microeconomic Approach to Development Policy (World Bank)
Angus Deaton Manufacturer: The Johns Hopkins University Press ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0801852544 |
Book Description
Deaton analyses household survey data from developing countries, and illustrates how such data can be used to cast light on a range of short-term and long-term policy issues. Using data from several countries including Cote d'Ivoire, India, Pakistan, Taiwan, and Thailand, he examines the design and content of household surveys and explores the econometric issues for survey data.
Customer Reviews:
A masterpiece.......2004-03-31
Misadventure.......2001-11-15
Deaton is the man !.......2000-03-22
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Macroeconomics in Emerging Markets
Peter J. Montiel Manufacturer: Cambridge University Press ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0521785510 |
Book Description
This accessible textbook in macroeconomics is designed specifically for emerging economies. It provides a textbook model that upper-level undergraduate students use to understand economic events in their countries, and separate analysis of the key macroeconomic problem areas that these economies have confronted over the last two decades. These problem areas include fiscal deficits, financial sector reform, and exchange rate policies. The book differs from development textbooks in that it contains up-to-date macroeconomics.Download Description
This book is a rigorous, yet nonmathematical analysis of key macroeconomic issues faced by emerging economies. The first part develops an analytical framework that can be used as a workhorse model to study short-run macroeconomic issues of stabilization and adjustment in such economies, comparable to the IS-LM framework widely used in intermediate-level macroeconomics textbooks for industrial countries. The rest of the book considers fiscal issues, financial sector issues, and issues concerning exchange rate regimes and policies. In the fiscal area, the focus is on the formulation of intertemporal policies, i.e. fiscal sustainability, seigniorage, and the roles of central bank independence and privatization of public enterprises in achieving fiscal credibility. The analysis of the financial sector examines its role in promoting welfare and growth. Finally, the book explores recent developments in the theory of appropriate exchange rate regimes and management, and provides an overview of recent currency crises in emerging markets.Customer Reviews:
Readable and insightful.......2004-01-14
The book is divided into four parts. The first one introduces a clear analytical model, to which later chapters refer when treating issues of macro-economic stabilisation. And although the author does not formally define the term "emerging market", the model developed in Chapters 2 and 3 shows that a typical emerging economy is characterised by real and financial openness (though with imperfect substitutability between domestic and foreign financial assets), an officially determined exchange rate regime, and a relatively strong reliance on monetary policies and stabilisation rather than fiscal policies (when compared to industrialised countries). Although the discussion of the model is clear, it would have benefited had the letters denoting the variables been more intuitively logical (e.g. why not use n to designate the nominal exchange rate rather than s?).
In the subsequent three parts the author gives an overview of specific areas of macroeconomic policy: fiscal management, management of the financial sector, and exchange-rate management. In general, the discussion of these themes is both comprehensive and profound. However, in my view the second part of the book, on financial sector policies, is somewhat unbalanced. The author discusses at length the literature on financial repression and financial liberalisation, but pays virtually no attention to the (more recent) so-termed legal view literature. The empirical results of this literature carry important implications for emerging economies, as they underline that the positive growth effect of financial system development mainly depends on the extent to which the financial system is rooted in an enforceable legal system. Only in Chapter 11 some oblique remarks are made with respect to the influence of the legal system on contract enforcement costs. Another omission is that, while dealing with the theoretical (dis)advantages of banks vs. financial markets, Chapter 11 does not discuss the empirical research into this matter, which basically shows that financial structure as such appears to be inconsequential for economic growth.
An important point in favour of the book is that, using the benchmark model from the first part, the author systematically shows that in emerging economies fiscal policy, financial sector issues, and exchange rate management are mutually interdependent. An interesting case in point is the very clear treatment of exchange rate management and currency crises in the last part of the book. Here, the differences between industrialised and emerging countries come clearly to the fore in a discussion of the ability of countries to perform moderate devaluations if a gap between the actual and equilibrium real exchange rate becomes apparent. While industrialised countries have been able to limit such devaluations, emerging economies have often experienced more extreme market reactions due to a lack of confidence. Paul Krugman already referred to this "double standard" of financial markets in The Return of Depression Economics (1999), but Peter Montiel elaborates on this theme, linking it to self-fulfilling liquidity crises and his discussion of financial sector fragility in earlier chapters.
All in all, this book provides for a readable and insightful analysis of macroeconomic management in emerging and transition economies, generally based on the state-of-the-art as regards theoretical and empirical research on this topic. Given the largely non-mathematical approach, the book may also serve well as an updated, more concise, and "light" version of Agénor and Montiel's second edition of Development Macroeconomics (1999). In doing so, this book also shows that clear and precise analytical writing on (macro)economics can be done without casting each and every argumentation into a mathematical mould.
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Trade Policy and Global Poverty
William R. Cline Manufacturer: Peterson Institute ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0881323659 |
Book Description
Free trade can help 500 million people escape poverty and inject $200 billion annually into the economies of developing countries, according to a new study from the Institute for International Economics. Trade Policy and Global Poverty by William R. Cline provides a comprehensive analysis of the potential for trade liberalization to spur growth and reduce poverty in developing countries. It quantifies the impact on global poverty of industrial-country liberalization, as well as liberalization by the developing countries. Cline finds that the stakes of the poor in trade policy are large. Global free trade would convey long-term economic benefits of about $200 billion annually to developing countries. Half or more of these gains would come from the removal of industrial-country protection against developing-country exports. By removing their trade barriers, industrial countries could convey economic benefits to developing countries worth about twice the amount of their annual development assistance. By helping developing countries grow through trade, moreover, industrial countries could lower costs to consumers for imports and realize other increased economic efficiencies.The study further estimates that free trade could reduce the number of people in global poverty (earning less than $2 per day) by about 500 million over 15 years. This would cut the world poverty level by an additional 25 percent. Agricultural liberalization alone contributes about half of these gains. Cline judges that the developing countries were right to risk collapse of the Doha Round at the Cancún ministerial meeting in September 2003 by insisting on much deeper liberalization of agriculture than the industrial countries were then willing to offer.
The study calls for a two-track strategy. The first track is deep multilateral liberalization involving phased but complete elimination of protection by industrial countries and deep reduction of protection by at least the middle-income developing countries, albeit on a more gradual schedule. The second track is immediate free entry for imports from "high risk" low-income countries (heavily indebted poor countries, least developed countries, and sub-Saharan Africa), coupled with a 10-year tax holiday for direct investment in these countries.
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Report on the State of the European Union: Volume 2 (Report on the State of the European Union)
Jean-Paul Fitoussi , and Jacques Le Cacheux Manufacturer: Palgrave Macmillan ProductGroup: Book Binding: Hardcover ASIN: 1403987408 Release Date: 2007-02-20 |
Book Description
The time has come to open a lucid debate on the ways and means to make Europe better deliver democracy and sustainable growth. The Report on the State of the European Union examines the progress of European integration and focuses on economic aspects of the process. This second volume in the series, explores the four crises of contemporary Europe, those of growth, trust, inequalities and unity. The report is written in an accessible way and will be a useful resource for academics, students, policymakers, journalists and government advisors.
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Inequality in Latin America: Breaking With History? (World Bank Latin American and Caribbean Studies. Viewpoints)
Guillermo E. Perry , Francisco H. G. Ferreira , and Michael Walton Manufacturer: World Bank Publications ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0821356658 |
Book Description
With the exception of Sub-Saharan Africa, Latin America and the Caribbean has been one of the regions of the world with the greatest inequality.Inequality in Latin America and the Caribbean: Breaking with History? explores why the region suffers from such persistent inequality, identifies how it hampers development, and suggests ways to achieve greater equity in the distribution of wealth, incomes and opportunities. The study draws on data from 20 countries based on household surveys covering 3.6 million people, and reviews extensive economic, sociological and political science studies on inequality in Latin America.
To address the deep historical roots of inequality in Latin America, and the powerful contemporary economic, political and social mechanisms that sustain it, Inequality in Latin America and the Caribbean outlines four broad areas for action by governments and civil society groups to break this destructive pattern:
Build more open political and social institutions, that allow the poor and historically subordinate groups to gain a greater share of agency, voice and power in society.
Ensure that economic institutions and policies seek greater equity, through sound macroeconomic management and equitable, efficient crisis resolution institutions, that avoid the large regressive redistributions that occur during crises, and that allow for saving in good times to enhance access by the poor to social safety nets in bad times.
Increase access by the poor to high-quality public services, especially education, health, water and electricity, as well as access to farmland and the rural services. Protect and enforce the property rights of the urban poor.
Reform income transfer programs so that they reach the poorest families.
Download Description
With the exception of Sub-Saharan Africa, Latin America and the Caribbean has been one of the regions of the world with the greatest inequality. Inequality in Latin America and the Caribbean: Breaking with History? explores why the region suffers from such persistent inequality, identifies how it hampers development, and suggests ways to achieve greater equity in the distribution of wealth, incomes and opportunities. The study draws on data from 20 countries based on household surveys covering 3.6 million people, and reviews extensive economic, sociological and political science studies on inequality in Latin America. To address the deep historical roots of inequality in Latin America, and the powerful contemporary economic, political and social mechanisms that sustain it, Inequality in Latin America and the Caribbean outlines four broad areas for action by governments and civil society groups to break this destructive pattern: Build more open political and social institutions, that allow the poor and historically subordinate groups to gain a greater share of agency, voice and power in society. Ensure that economic institutions and policies seek greater equity, through sound macroeconomic management and equitable, efficient crisis resolution institutions, that avoid the large regressive redistributions that occur during crises, and that allow for saving in good times to enhance access by the poor to social safety nets in bad times. Increase access by the poor to high-quality public services, especially education, health, water and electricity, as well as access to farmland and the rural services. Protect and enforce the property rights of the urban poor. Reform income transfer programs so that they reach the poorest families.
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Financial Developments in National and International Markets
Manufacturer: Palgrave Macmillan ProductGroup: Book Binding: Hardcover ASIN: 1403996296 Release Date: 2006-04-13 |
Book Description
This book offers a comprehensive analysis of the problems that the current working of capital markets are generating on both developed and developing economies. It pays special attention to the reasons explaining the unstable and volatile working of international financial markets and to the consequences of that behaviour on both the economic performance of the involved countries and on the economic policies implemented.
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Rural Poverty, Risk and Development
Marcel Fafchamps Manufacturer: Edward Elgar Publishing ProductGroup: Book Binding: Hardcover ASIN: 1843764369 |
Book Description
Throughout their lifetime, men and women are subject to a wide variety of risks, such as illness, accident, death, or less directly, unemployment, crop failure, loss of property, disability, business failure, and skill obsolescence.This book investigates the relationships between rural poverty, risk, and development. Building upon the author's work in the area, it summarizes the contributions of recent theoretical and empirical work to our understanding of how risk affects rural poverty levels in developing countries. In particular the book examines what we do and do not know about risk coping strategies among today's poor rural societies. Ways in which these strategies may be re-examined and improved by governments and international organizations are proposed.
Rural Poverty, Risk and Development is an important contribution to the development literature and should be read by anyone interested in exploring the causes of and solutions to poverty in rural areas.
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Fiscal Policy for Development: Poverty, Reconstruction and Growth (Studies in Development Economics and Policy)
Manufacturer: Palgrave Macmillan ProductGroup: Book Binding: Paperback ASIN: 0230004997 |
Book Description
Fiscal policy is critical to the development of poor countries. Public spending on pro-poor services and public goods must be increased, tax revenues must be mobilized, and macro-economic stabilization must be achieved without inhibiting growth, poverty reduction and post-conflict reconstruction. This book provides both a comprehensive and balanced guide to the current policy debate and new results on the development impact of fiscal policies. It is essential reading for students of development economics as well as all those seeking to improve policy-effectiveness.
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Macro-Economics: Making Gender Matter: Concepts, Policies and Institutional Change in Developing Countries
Manufacturer: Zed Books ProductGroup: Book Binding: Paperback ASIN: 1842770616 |
Book Description
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The Political Economy of Poverty, Equity, and Growth: A Comparative Study
Deepak Lal , and H. Myint Manufacturer: Oxford University Press, USA ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0198294328 |
Book Description
This wide-ranging and innovative book synthesises the findings of a major international study of the political economy of poverty, equity, and growth. It is based primarily on analytical economic histories of 21 developing countries from 1950 to 1985, but also takes account of the wider literature on the subject. The authors take an ambitious interdisciplinary approach to identify patterns in the interplay of initial conditions, instiuttions, interests, and ideas which can help to explain the different growth and poverty alleviation outcomes in the Third World. Three different types of poverty are distinguished, based on their causes, and a more nebulous idea of equityin contrast to egalitarianismis shown to have influenced policy. Since growth is found to be the major means of alleviating mass structural poverty, much of the book is concerned with discovering explanations for policies which are found to be the most important influences on the proximate causes of growth. Lal and Mynt also consider the available evidence on the role of direct transferspublic and privatein alleviating destitution and conjunctural poverty. The Political Economy of Poverty, Equity, and Growth develops a novel framework for the comparative analysis of different growth outcomes. This framework distinguishes between the different relative factor endowments of land, labour, and capital, and between the different organizational structures of pesent versus plantation and mining economies. It also differentiates between the polities of 'autonomous' and 'factional' states in the countries studied, breaking the analysis down into further typological subdivisions and providing important new insights into the differing behaviour of economies that are rich in natural resources and those with abundant labour. These insights constitute a richer explanation for the divergent developmental outcomes in East Asia compared with Latin America and Africa. The evidence collated is used to argue for the continuing relevance of the classical liberal viewpoint on public policies for development, and to show why, even so, nationalist ideologies are likely to be adopted and lead to cycles of interventionism and liberalism. The evidence is also used to provide an explanation for the surprising current worldwide Age of Reform.Customer Reviews:
New insight on economic growth and reduction of poverty.......2000-05-30
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