Economic Structure and Policy: with applications to the British economy

✍ Scribed by T. S. Barker (auth.), Terence S. Barker (eds.)

Publisher: Springer Netherlands
Year: 1976
Tongue: English
Leaves: 435
Series: Cambridge Studies in Applied Econometric 2
Edition: 1
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

Since the first statement of the aims and methods of the Cambridge Growth Project, which appeared in 1962 as the first number of our former series A Programme for Growth, we have produced a volume on the state ofthe model and on projections derived from it at roughly five year intervals: Exploring 1970 (1965), Exploring 1972 (1970) and now the present book. A comparison of these publications shows the directions in which we have developed our model. First, we have been able to model more parts of the economy and to model them better; and, second, by adopting a targets-and-instruments approach, we have been able to tackle questions of policy. As a consequence of the first of these improvements, the model has become more closely knit and variables which were previously exogenous have become endogenous; and, as a consequence of the second, the model has become less rigid and can be used to suggest policies for correcting some ofthe undesir able features that emerge from the projections.

✦ Table of Contents

Front Matter....Pages i-xix
Front Matter....Pages 1-1
Models, Projections and Policies....Pages 3-14
An Overview of the Model....Pages 15-53
Solving the Model....Pages 54-86
Front Matter....Pages 87-87
Personal Consumption....Pages 89-105
Investment....Pages 107-130
Exports....Pages 131-161
Imports....Pages 162-176
Employment....Pages 177-193
Prices and Profits....Pages 194-219
Incomes and Expenditures....Pages 220-228
Company Profits, Dividends and Retentions....Pages 229-263
Front Matter....Pages 265-265
The British Economy in 1980: A Standard View....Pages 267-294
Alternative Economic Environments....Pages 295-335
Alternative Taxation Systems and their Incidence....Pages 336-355
Budgetary Policy, Public Expenditure and the Balance of Payments....Pages 356-370
Alternative Economic Policies....Pages 371-394
Back Matter....Pages 395-421

✦ Subjects

Science, general

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