Arbeitspapier
Fiscal policy and structural transformation in developing economies
Developing economies with high levels of open or hidden unemployment face structural transformation problems. Unlike in mature economies there are no structural aggregate demand problems, and sustained aggregate demand stimulus can lead to a profit squeeze in the modern sector and deindustrialization. Adaptations of functional finance to developing economies should aim to stabilize the level and composition of demand at values that are consistent with a target rate of growth of the modern sector. Populist temptations, however, may lead to deindustrialization.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2020-11
- Classification
-
Wirtschaft
Fiscal Policy
Macroeconomic Analyses of Economic Development
Fiscal and Monetary Policy in Development
- Subject
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Sectoral transformation
Dutch disease
functional finance
- Event
-
Geistige Schöpfung
- (who)
-
Skott, Peter
- Event
-
Veröffentlichung
- (who)
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University of Massachusetts, Department of Economics
- (where)
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Amherst, MA
- (when)
-
2020
- Handle
- Last update
-
20.09.2024, 8:22 AM CEST
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Skott, Peter
- University of Massachusetts, Department of Economics
Time of origin
- 2020
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Theoretical and empirical shortcomings of the Kaleckian investment function
The great detour