Growth and Development Commons^™

Reform In Lieu Of Change: Tastes Great, Less Filling, Jonathan G.S. Koppell

Publications from President Jonathan G.S. Koppell

In this response to Light, Koppell argues that the increasing frequency of reform may reflect Congress's inability to make significant changes to the substance of entrenched government programs. Moreover, he observes that the more profound evolution in government has been the movement toward the market-based provision of services, which has created a demand for new competencies in the public sector.

Tech Changes + Choice Of Technique, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Hecht, J. (2001, July). Classical labour-displacing technological change: The case of the U.S. insurance industry. Cambridge Journal of Economics. Publisher details not identified.

• Shaikh, A. (2000, July 25). Pure mechanization (N → 0) [Handwritten notes discussing one-sector models, Harrod-neutral technical change, and choice of technique]. Unpublished manuscript.

• Shaikh, A. (2003, August 25). Choice of technique & viability condition [Handwritten notes discussing micro and macro levels, Nakatani on expected real wage, and profit rates]. Unpublished manuscript.

• Eltis, W. (1984). The classical theory of economic growth [Pages including the section “A demonstration of the tendency of the rate …

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The Economic Impact Of Native American Gaming: Cost-Benefit Analysis Of The Mashantucket Pequot Tribal Nation, Lisa Borromeo

University Avenue Undergraduate Journal of Economics

The purpose of this paper is to put the economic and social importance of Indian gambling on and off the reservation into perspective. Because the economic and social effects of Indian gaming are additive, one cannot form a coherent picture of the net impact of gaming without measuring both the economic and social effects (Cornell et al., 1998). Because gambling has impacts beyond reservation boundaries, studying the surrounding local economy is a necessary action. As both the number of tribes with gaming operations and the magnitude of the operations increase, so do their effects. This paper combines a general overview …

The Relationship Between Economic Freedom And Socio - Economic Development, Anisha Madan

University Avenue Undergraduate Journal of Economics

This research study assumes that people will be better off if there is greater equality of income, if per capita income increases, and if they have better access to education and health care through which they can lead a more fulfilling life. The World Health Organization defines health as a state of complete physical, mental, and social well being and not merely the absence of disease and infirmity. Education is a basic need because it improves skills, improves productivity, and lowers reproductivity by improving the status of women. Education also contributes to meeting other basic needs. If the behavioral changes …

How Do Forecasts Respond To Changes In Monetary Policy?, Laurence Ball, Dean D. Croushore

Economics Faculty Publications

Just as changes in atmospheric conditions affect weather forecasts, changes in monetary policy affect economic forecasts. When monetary policy shifts, forecasters change their predictions about growth and inflation. But does the economy change to the same extent that forecasts do? In this article, Laurence Ball and Dean Croushore examine forecasts from the Survey of Professional Forecasters to determine if forecasts and the economy respond in tandem or if there are significant differences.

Globalization And The Paradox Of Incorporation And Marginalization: An Exploratory Note On Sub-Saharan Africa, Charles R. Lartey

Graduate Program in International Studies Theses & Dissertations

Globalization has of late become the lingua franca of the study of the international political economic system. As its ideological counterpart, globalization has elevated neoliberalism to the status of an international theology. To harness the benefits of a globalizing world economy, conventional wisdom consider the dictums underlying neoliberal policies as “immutable laws” that must be adopted by both the developing and the developed world.

Utilizing a structured, focused analysis based on a case study of Sub-Saharan Africa (SSA), this research challenges the orthodox notion that the new international context of development that is instigated by the imperatives of globalization, and …

Does Free Trade Cause Hunger? Hidden Implications Of The Ftaa, Jonathan B. Wight

Economics Faculty Publications

Voluntary free trade has the potential, slowly and gradually over time, to create "general opulence" because it allows workers to acquire greater competency and specialization: in a word, workers become more productive. The creation of a Free Trade Area of the Americas (FTAA) would expand market areas and thereby potentially contribute to raising future living standards of workers. This paper seeks to analyze the theoretical basis for trade, provide an economic overview of FTAA countries, and analyze the winners and losers from trade.

Vlast', Kul'tura I Stanovlenie Rynka, Jeffrey K. Hass, Maksim Storchevoi

Sociology and Anthropology Faculty Publications

Russian Language Summary:

В течение последего десятилетия отмечены изменения в направлении исследований хозяйственных сдвигов в переходный период. Если вначале предметом внимания ученых были исключительно рецепты перехода к рынку и «шоковой терапии» с акцентом на стимулах и препятствиях на пути свободной торговли, то зарем сложности переходного периода вынудили экономистов, политологов и социологов расширить предмет своего анализа и обратиться к проблемам институциональной экономики. При этом академический мир принял идею о том, что институты играют центральную роль в формировании экономической жизни и ее эволюции, и исследование теперь сосредоточивается на появлении институтов, недостаточности институциональных условий для развития, институциональной замкнутости (path dependency) и на изучении …

Growth - Harrod, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (2000, December 2). Growth II/Harrod [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (2000, June 30). A classical solution to Harrod stability [Unpublished manuscript].

• Shaikh, A., PhD. (1998, September 24). Module on the foundations of growth theory [Unpublished manuscript].

• Shaikh, A., PhD. (2000, January). The economic analysis of advanced capitalism II [Syllabus for Economics 205; unpublished manuscript].

• Shaikh, A., PhD. (1994, April). A simple model of the reserve army of labor [Unpublished manuscript].

• Shaikh, A., PhD. (1998, October 2). Comparing KK, NC, and classical/Marxian macrodynamics [Unpublished manuscript].

• Shaikh, …

The Challenge Of Administration By Regulation: Preliminary Findings Regarding The U.S. Government's Venture Capital Funds, Jonathan G.S. Koppell

Publications from President Jonathan G.S. Koppell

This article assesses the ability of elected officials to control public policy as implemented by public/private hybrid organizations, specifically, government venture capital funds. The study reveals greater control over OPIC investment funds than Enterprise Funds despite the existence of more traditional administrative tools of control for Enterprise Funds. This finding suggests that the regulatory infrastructure for hybrid organizations is more determinative of control than the existence (or lack) of traditional administrative control tools. Thus the challenge of hybrid government centers on the development of regulation as a substitute for administration.

Ideologies Of Development, Hassan Hanafi

Faculty Book Chapters

[abstract not provided]

Price Differentials & Competitions & Cost Differentials + Loose Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1987, May 13). Price differentials & competition & cost differentials [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1995, November 1). Choice of technique and the pricing decision [Paper for Eco. 204]. Unpublished manuscript.

• Shaikh, A., PhD. (1984, May). Dynamics of the falling rate of profit. Unpublished manuscript.

• Shaikh, A., PhD. (1987, March). Comparative phenomena of Marxist crisis theories [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (n.d.). FROP [Handwritten notes containing graphs of realized rates]. Unpublished manuscript.

• Shaikh, A., PhD. (1994, Spring). Note on profit squeeze theories. Unpublished manuscript.

• Shaikh, A., PhD. (n.d.). …

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Public Sector Growth: An Econometric Test Of Wagner's Law, E. A. Essien

Economic and Financial Review

This study makes use of recent developments in econometric technique to test Wagner s Law of increased state activity according to which Government Expenditure must increase at a rate faster than National Output. It makes use of three different interpretations of the Law, namely, increasing relative share for the public sector in the total economy as per capita real income grows, total government expenditure as a function of real income, and relating per capita total government expenditure to per capita income. In all cases the variables were not cointegrated hence a long run equilibrium relationship could not be established between …

The Livingston Survey: Still Useful After All These Years, Dean D. Croushore

Economics Faculty Publications

The decisions of households, firms, and government agencies depend on forecasts of the overall economy. Large firms and the federal government often have the resources to hire their own economists to provide forecasts. But households, small firms, and local governments often depend on surveys of forecasters to get their information. In this article, Dean Croushore spotlights the Livingston Survey, which, even after 50 years, still provides useful forecasts of the economy.

The Capitalist Color Process - Competition And The Choice Of Technique, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Okishio, N. (1963). A mathematical note on Marxian theorems. Weltwirtschaftliches Archiv. Publisher details not identified.

• Schefold, B. (1976, December). Different forms of technical progress. The Economic Journal. Publisher details not identified.

• Shaikh, A. (1995, October). The path of the actual mass of profit [Paper for Eco 204]. Unpublished manuscript.

• Shaikh, A. (1981, February). Conditions for a rising ratio of materialized labor to living labor [Paper for Eco 205]. Unpublished manuscript.

• Juillard, M. (1989, March). The regime of intensive accumulation of the post-war: The case of France and the U.S. Unpublished manuscript.

• Shaikh, A. (1987, March …

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Evaluating Mccallum's Rule For Monetary Policy, Dean D. Croushore, Tom Stark

Economics Faculty Publications

Some economists have proposed that the Federal Reserve follow a rigid rule for conducting monetary policy. A policy rule is a formula that tells the Fed how to set monetary policy. For example, in 1959 Milton Friedman argued that the Fed should increase the money supply a constant 4 percent each year to eliminate inflation and avoid destabilizing the economy. More recently, other economists have identified an additional benefit: a rule can eliminate the inflationary bias that could occur when discretionary monetary policy is used. Under a discretionary policy, decisions are made on a case-by-case basis.

But economists don't agree …

Toward A Sustainable Maine : The Politics, Economics, And Ethics Of Sustainability, Richard Barringer (Ed.)

Maine Collection

Toward A Sustainable Maine : The Politics, Economics, and Ethics of Sustainability

Richard Barringer, editor, Professor Emeritus at the University of Southern Maine

Edmund S. Muskie Institute of Public Affairs, University of Southern Maine, Portland, Maine, 1993.

The proceedings of a conference presented at Bowdoin College on March 19 and 20, 1993, by the Edmund S. Muskie Institute of Public Affairs at the University of Southern Maine, and by the Natural Resources Council of Maine. Ellen Baum, conference organizer.

Contents; Foreword by Richard Barringer / Welcome by Everett Carson / Global, Canadian, and Maine Perspectives / Sustaining Our Natural and …

What Are The Costs Of Disinflation?, Dean D. Croushore

Economics Faculty Publications

The Federal Reserve can use monetary policy to reduce the inflation rate, a process known as disinflation. Are the benefits of disinflation worth the costs? Proponents of disinflation argue that the long-run benefits of price stability, including lower interest rates, increased economic efficiency, and perhaps faster economic growth, greatly exceed the short-run costs. Opponents, of course, claim the opposite, usually arguing that the short-run costs in terms of higher unemployment and lost output would be immense.

Falling Rate Of Profit, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1980, December). Complete automation and capitalism [Handwritten notes]. Unpublished manuscript.

• General Electric. (1983, January). As investment intensity rises, profitability declines [Study prepared for managerial use]. Unpublished manuscript.

• Shaikh, A., PhD. (n.d.). Capital intensity, productivity and real wages, profit rates, and real profits and stock market index [Charts]. Unpublished manuscript.

• Shaikh, A., PhD. (1987, Fall). An empirical comparison of Dept. I and Dept. II, for the U.S. [Handout for Economics 204 and Economics 205]. Unpublished manuscript.

• Shaikh, A., PhD. (1984, May; revised 1989, February). Dynamics of the falling rate of profit [Excerpt]. Unpublished manuscript.

• Shaikh, …

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Long Run Growth Patterns, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1990, March). Long run growth patterns [Handwritten notes discussing linear splines, segmented trends, and piecewise regression]. Unpublished manuscript.

• Shaikh, A. (1990, March 11). Forms of Marxian technical change [Handwritten notes discussing basic models of technical change]. Unpublished manuscript.

• Shaikh, A. (1990, March 11). Marxian technical change [Handwritten notes discussing disembodied and embodied forms]. Unpublished manuscript.

• Shaikh, A. (1990, March 11). Nonlinear forms for Marxian technical change [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1990, March 10). Marxian technical change and potential output: 1899–1984 [Handwritten notes discussing the problem of estimating capital-output ratios]. Unpublished manuscript.

• Shaikh, A. …

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University Growth-Poles And The Canadian Aggregate Situation, Stephen Paul Meyer

Theses and Dissertations (Comprehensive)

The utilization of higher education resources in a regional development function has become an increasingly popular ploy within the realm of government policy. The university, typically through an interaction with today’s growth-inciting high-technology industry, has tended to replace the traditionally-used manufacturing plant as the ‘new’ growth-pole. It is likely that no other single institution could benefit a region in as wide an array of economic and social capacities as can the university. And, it is with respect to this notion that a Canadian university study was pursued. However, where most university ‘impact-type’ assessments have tended to look at individual cases, …

Profit, Anwar Shaikh Phd

Archives of Anwar Shaikh

This folder includes:
Handwritten note cards titled:

• Price and Adjustment Mechanisms
• Capital Movements
• Direct Investment
• Host Country (UDC)
• Patterns of Foreign Investment
• Historical Flows of Capital
• Table VI-1, VI-6e
• Table V-9
• “As Exchange Becomes More Generalized…”
• “Since a Craft is a Learned Activity…”
• Money
• Intrinsic Qualities of a Money Commodity
• Ibn Khaldun
• Trade and Accumulation
• Capital
• Trade: 1850–1933 (Ashworth)
• Keynesian Models
• LDCs in World Production
• Emmanuel: Mechanism of Unequal Exchange
• Alchian & Allen, Exchange & Production Theory in Use
• Consumer Theory
• Basic Concepts of Neoclassical Economics
• Scarcity
• Defense of This Model of Behavior
• Basic Postulates of Consumer Behavior
• Basic Theorems …

Labor, Anwar Shaikh Phd

Archives of Anwar Shaikh

This folder includes:
Handwritten note cards on the Falling Rate of Profit (FRP), including:

• Rising C/V and FRP
• Falling Rate of Profit (with red ink annotations)
• Falling Rate of Profit, Capital, Vol. III, p. 87 (red ink)
• Falling Rate of Profit Theories of S.V II, Ch XVI, Sect 3
• Falling Maximum Rate of Profit 2/79
• FRP and Export of Capital 9/11/77
• According to Okishio theorem… (with red ink annotations)
• Dobb on FRP (red ink)
• Requirements for FRP 2/24/77
• The Relation between the Falling Rate of Profit and the Mass of Profit: The Most Important Law of Modern Political Economy (red …

Entrepreneurship And Economic Development: A Critique Of The Theory, Rhoda E. Howard-Hassmann

Political Science Faculty Publications

This thesis is a criticism of the "entrepreneurial school" of economic development, which contends that a major cause of underdevelopment in the Third World is the poor "entrepreneurial spirit" in these areas. The entrepreneurial spirit consists of certain values and behaviour which it is presumed existed in the West at the time of its development. To test the validity of this theory empirical evidence on entrepreneurs is examined; this evidence includes historical data on the West, especially the United States and France, and twenty-one area studies of entrepreneurs in the Third World. The evidence suggests that there is little difference …

8. David Ricardo And Classical Economics, Robert L. Bloom, Basil L. Crapster, Harold L. Dunkelberger, Charles H. Glatfelter, Richard T. Mara, Norman E. Richardson, W. Richard Schubart

Section XIV: The Industrial Revolution, Classical Economics, and Economic Liberalism

It is David Ricardo, (1772-1823) rather than Malthus who has long been regarded as the more outstanding of the classical economists after Adam Smith. His father was a Jewish immigrant to England who became a prosperous merchant and broker. Ricardo entered his father's business, but after marrying a Quakeress and embracing her faith was forced onto his own resources. By the time he reached his early forties he had gained a large fortune as a stock broker which enabled him to retire to a large rural estate. Here he played the role of landlord and engaged in serious study. In …

The Russian Five Year Plan Is Economically Constructive, Oscar M. Duconge

Electronic Theses and Dissertations

The Five Year Plan is a plan by which Russia is to place herself among the great nations of the world through process of industrializing her manufacturers, mechanizing her farms and modernizing her business.