This book explains the relationships between equality and efficiency, as well as between government and market, in urban-rural and regional development by providing theoretical frameworks and empirical evidence. Urban-rural development in China is understood from a regional perspective, while...

What is balanced growth? This book shows that the definitions and implications of the concept of balanced growth vary significantly among the different disciplines in economic science, but are not exclusive at all. Terms such as sustainability or balanced growth have become buzzwords. In...

Introduction.- Balanced Growth in Decentralized Economies -- Transition to Balanced Growth -- The Finance of the Transition Phase -- Production Capacities in Decentralized Economies -- Models of Technological Progress in Decentralized Economies -- Cyclical Growth in Decentralized Economies.-...

Introduction -- Sustainable Public Debt: Theory and Empirical Evidence -- Debt and Growth: A Basic Endogenous Growth Model -- Productive Government Spending, Public Debt and Growth -- Government Debt and Human Capital Formation -- Debt and Growth: Empirical Evidence -- Conclusion.

Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether...

This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which...

Preface -- Exploring The Issues In Resource Allocation -- Market Regulation And Resource Allocation -- Government Regulation And Resource Allocation -- The Mechanism Of The Operation Of The Economy -- Rationing Equilibrium Of The Commodity Market -- Easing Supply And Demand Mismatch Under...

The book investigates the relation between technology and institutions and their mutual influence during processes of development and change and illustrates this on the development process in Argentina after 1946. General and case-study specific policy recommendations are offered.