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Titlebook: Economic Structure and Policy; with applications to Terence S. Barker (Senior Research Officer) Book 1976 Richard Stone, T.S. Barker, D.A.

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书目名称Economic Structure and Policy
副标题with applications to
编辑Terence S. Barker (Senior Research Officer)
视频video
丛书名称Cambridge Studies in Applied Econometrics
图书封面Titlebook: Economic Structure and Policy; with applications to Terence S. Barker (Senior Research Officer) Book 1976 Richard Stone, T.S. Barker, D.A.
描述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.
出版日期Book 1976
关键词accounting; algorithms; assessment; consumer; economic policy; economy; energy; growth; inflation; investment
版次1
doihttps://doi.org/10.1007/978-94-009-5764-0
isbn_softcover978-94-009-5766-4
isbn_ebook978-94-009-5764-0
copyrightRichard Stone, T.S. Barker, D.A. Livesey, A.S. Deaton, A.W.A. Peterson, L.A. Winters, J.A. Beath, V.
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Personal Consumption determination of the balance of the economy, the modelling of consumers’ expenditures is at the very centre of the model. This chapter discusses the way in which personal disposable income is allocated between saving and consumption and how the latter is disaggregated into over forty categories of
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Investmentes behind them. The basic feature of the approach which we have adopted is that we explain industrial investment by analysing the behaviour of a cost-minimizing producer. This can be contrasted with our earlier approach (Barker and Lecomber, 1970) where we attempted to use fixed capital-output ratio
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Importshanges in activity and relative prices are crucial to the balance of payments adjustment mechanism, whether this involves exchange rate changes, or movements in real incomes. And second, since imports meet part of the effective demand for goods and services, their reaction to changes in activity det
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Employmente fact that at any time a certain proportion of the labour force will not be available for work, because they are changing jobs or sick, the employment target which we have used in our projections represents only 98% of the total labour force. Together the employment and balance of payments targets
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Prices and Profitses of demand. These price indices cover industrial gross output, domestically produced commodities, domestically absorbed commodities, and the different categories of consumers’ and current government expenditure. The price indices for exports, though partly based on the price of domestically produc
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Incomes and Expendituresors are distinguished in the model, corresponding to the classification given in the national accounts. These are the personal sector, the company sector, public corporations, public authorities and the rest of the world. A description of methods of estimation of major items is given for each sector
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