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structuralism approach, the dependency and world-system theory). We conclude that the interaction between IS and the theories … branches of development theories: the Sen’s theory of capability building and the Institutionalism, the neo-classic approach … different ways to think of systemic relationships. Finally, rather than focusing on the discussion of IS being or not a theory …
Persistent link: https://www.econbiz.de/10011259626
The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the Global Games approach we can solve this coordination problem and eliminate the problem of multiple equilibria. We show how appropriate information provision enhances efficiency....
Persistent link: https://www.econbiz.de/10011093728
The paper criticizes the conception of value on behalf of the conventional economic theory, blaming it for the current … ruptures in the process of accumulation of capital triggering crisis like the actual. The theory of regulation is used in this …
Persistent link: https://www.econbiz.de/10005025710
wealth, also implicitly contain the elements of a theory of relative poverty. It is argued that the German tradition of … economics, of which Schumpeter is a part, has always encompassed the necessary elements of a theory of uneven growth. List, Marx … distribution of world activity and income. …
Persistent link: https://www.econbiz.de/10011258020
result in obtaining persistently optimal policies. Our theory is enriched by examples. …
Persistent link: https://www.econbiz.de/10009147690
Predation attracts a relatively high portion of labor in developing countries and obstructs development. Agriculture also has an important weight in employment in these countries. We formulate a model in which agents devote time either to predation or to producing agricultural and manufactured...
Persistent link: https://www.econbiz.de/10011108517
exogenous forces, like technological progress or population dynamics (in neoclassical growth theory, where decreasing marginal …: the RBC theory and the Keynesian interpretation. …
Persistent link: https://www.econbiz.de/10005787052
thought from the 18th century to the present (for example, in modern growth theory) are mistaken. The metaphors of biological …
Persistent link: https://www.econbiz.de/10008555454
The empirical literature on income convergence hypothesis is available for almost all developed or industrialized countries. However, regarding developing economies especially, South Asian region few studies attempted it in their convergence related empirical analysis. Therefore, the central...
Persistent link: https://www.econbiz.de/10008534266
, or they depreciate. They cannot accumulate from an age of piracy to an age of industry. Yet modern growth theory …, unhappily, reinstates as initiating the theory of stages and, especially, capital accumulation. They are not initiating, whether …
Persistent link: https://www.econbiz.de/10008574606