E-Book, Englisch, 246 Seiten
Maddison Economic Growth in the West
Erscheinungsjahr 2014
ISBN: 978-1-136-78848-2
Verlag: Taylor & Francis
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)
Comparative Experience in Europe and North America
E-Book, Englisch, 246 Seiten
ISBN: 978-1-136-78848-2
Verlag: Taylor & Francis
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)
Hailed a "an outstanding contribution to our knowledge of the way in which western economies work" [Times Literary Supplement], this penetrating study of economic growth compares and analyzes tic rates of economic advance in the twelve leading countries that comprise the industrial West. Mr. Maddison examines why, after relative stagnation for several decades, the rate of economic development accelerated in continental Europe in the 1950’s, whether this represented a new economic pattern which could be maintained or was only a passing phase of recovery after World War II. He observes that the economies of North America and the United Kingdom seemed by comparison almost to stand still, and he explores the influence of economic policy on the differing growth rates, and the growth potentials and desirable lines of policy in the industrial West. He then discusses the major powers’ policy problems, whose outcome so closely affects the developing nations.
Mr. Maddison presents basic statistical series, going back to 1870 in most cases, on gross national products, productivity, population, labor force, employment, working hours, investment and capital-output ratios. He draws upon this rich fund of comparative statistics with skill and insight, relating it throughout to the broad questions of economic policy which are at issue. This classic book was first published in 1964.
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
INTRODUCTION 15
I THE RECORD OF WESTERN GROWTH 25
The Growth of Output
Movement in Population and Output per Head
Labor Supply
Total Labor Input
Productivity Growth
Comparative Levels of Productivity
II THE REASONS FOR ACCELERATED GROWTH 43
The Impact of Demand
Demand, Profits and Profit Factors on the Supply Side
Recovery Elements
Disguised Unemployment
The American-European Productivity Gap
Structural Changes in Expenditure and Output
The Effect of European Integration
The Role of Investment.
III INVESTMENT AND GROWTH 76
The Pattern of Investment
The Measurement of Investment
General Influences Affecting the Productivity of Investment
Capacity Use
Replacement
Capital Widening and Deepening
The Nature of Technical Progress
The Quality of Management and the Capacity to Absorb Investment
Conclusions
IV THE ROLE OF GOVERNMENT IN PROMOTING GROWTH 99
The Aims of Policy
Managing the Level of Demand
Public Spending
The Management of Private Demand
Conclusions on the Management of Demand
Maintaining Competitiveness
Conclusions on the Control of Prices
Fostering the Growth of Output Potential
Education and Research
Incentives to Corporate Investment
Tax Inducements to Personal Savings
Government Influence on the Pattern of Private Investment
Government Saving and Investment
Other Measures Affecting the Allocation of Resources
Planning
The Process of Policy Formulation
Conclusions
V THE INTERNATIONAL ENVIRONMENT 158
The Structure of the World Economy
The Nature of the Interdependence of Industrial Countries
Trade, Trade Policy and Economic Growth
Capital Movements as a Stabilizing and Destabilizing Force
International Liquidity and Payments Arrangements
Payments Problems
Policy Weapons for External Equilibrium
Conclusions
APPENDICES 194
INDEX 243
