Beyond Macroeconomic Stability : Structural transformation and inclusive development

This volume rests on three thematic pillars: the limits of conventional macroeconomics; the long-run agenda of structural transformation and the development of capabilities. Islam and Kucera highlight the tenuous links of conventional macroeconomics with core development concerns. The chapters of this book enunciate an empirical approach to track the various sources of structural transformation and nurture the thesis that investment in infrastructure leads to the inculcation of capabilities, broadly defined to include knowledge accumulation, dissemination and application. The editors reinterpret social protection from the perspective of inclusive development and structural transformation. The volume examines secular trends in the functional distribution of income and explores their possible macroeconomic consequences by developing a two-country macroeconomic model for open economies. It seeks to establish whether growing inequality in many countries combined with stagnant real incomes is one of the sources of the global and financial crisis of 2007-2009

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Year of publication:	2013
Authors:	Islam, Iyanatul
Other Persons:	Kucera, David (contributor)
Publisher:	Geneva : International Labour Office
Subject:	Entwicklung \| Economic development \| Entwicklungsländer \| Developing countries \| Wirtschaftliche Anpassung \| Economic adjustment \| Wirtschaftspolitik \| Economic policy

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Extent:	Online-Ressource (357 p)
Series:	Advances in Labour Studies ; v.5
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Cover; Contents; List of Tables and Figures; Tables; Figures; Acknowledgements; Notes on Contributors; Introduction; Table I.1 Effect of real exchange rate (RER) movements on employment; Figure I.1 Defining employment intensity; Part I: Limits of the Conventional Macroeconomic Policy Framework; 1 Dispensing Macroeconomic Policy Advice to Developing Countries: The IMF's Article IV Consultations; Figure 1.1 IMF policy recommendations for 50 countries; Table 1.1 Public debt and growth: revisiting the evidence; Table 1.2 Nature of IMF advice on fiscal adjustment Table 1.3 Fiscal statistics and the countries in the Article IV consultations (%)Table 1.4 Tests of statistical significance (at 5 per cent level) of different meanvalues of debts/deficits; Table 1.5 CV to measure dispersion/uniformity in projections; Table 1.6 IMF on inflation projections in 27 countries; Table 1.7 Nature of IMF advice on inflation targeting; Figure 1.2 IMF policy recommendations on employment generation, poverty reduction and social protection; Table 1.8 Nature of employment analysis in the Article IVs: some country-specific examples Table 1.9 Nature of poverty analysis in the Article IVs: some country-specific examplesTable 1.10 Financing needs for infrastructure; Table 1.11 Financing needs for pro-poor spending; 2 Fiscal Consolidation: Issues and Evidence; Figure 2.1 Initial debt to GDP ratio (1981) and subsequent real GDP growth(annual % change) average of 1981-2010; Figure 2.2 Median growth and debt to GDP ratios, 1981-2009; Figure 2.3 Highest and lowest median initial debt to GDP ratios and median GDP growth, 1981-2009; Figure 2.4 Debt trend - number of countries with different debt levels, 1981-2009 Figure 2.5 Debt and growth relationship (movement versus shift)3 Should Developing Countries Target Low, Single-Digit Inflation to Promote Growth and Employment?; Table 3.1 Inflation targeting countries (emerging and developing countries); Figure 3.1 Long-run median inflation rates, recent inflation versus mediantargeted inflation rate; Table 3.2 IMF policy statements on inflation in 19 developing countries: examples from the Article IV consultation process; Figure 3.2 Growth and inflation relationship (linear); Table 3.3 Cross-country threshold studies Figure 3.3 Growth and inflation relationship (nonlinear)Table 3.4 Country-specific threshold studies; Table 3.5 Median growth and inflation rates (%) (2000-2007); Figure 3.4 Inflation-growth relationship (1980-1989); Figure 3.5 Inflation-growth relationship (1990-1999); Figure 3.6 Inflation-growth relationship (2000-2007); Figure 3.7 Inflation targeting countries and non-inflation targeting countries:inflation rate; Figure 3.8 Inflation targeting countries: growth-inflation relationship (2000-2007); Figure 3.9 Non-inflation targeting countries: inflation-growth relationship(2000-2007) Figure 3.10 Co-movement of inflation and food price index
ISBN:	978-92-2-127800-9 ; 978-92-2-127801-6 ; 978-92-2-127800-9
Source:	ECONIS - Online Catalogue of the ZBW

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