scholarly journals The Neoclassical Model and the Welfare Costs of Selection

2021 ◽  
Author(s):  
Fabrice Collard ◽  
Omar Licandro
Keyword(s):  
Neoclassical Model ◽  
Welfare Costs

Estimation of welfare costs of inflation: The case of Russia

2019 ◽  
pp. 55-69 ◽  
Author(s):  
Sergey M. Drobyshevskiy ◽  
Natalia V. Makeeva ◽  
Elena V. Sinelnikova-Muryleva ◽  
Pavel V. Trunin
Keyword(s):  
Inflation Targeting ◽  
Empirical Studies ◽  
Welfare Costs ◽  
Economic Agents ◽  
Academic Literature ◽  
Russian Economy ◽  
Theoretical Approaches ◽  
Real Gdp ◽  
Quantitative Estimates ◽  
Positive Effect

This paper is devoted to the estimation of welfare costs of inflation, taking into account the peculiarities of the Russian economy. Theoretical approaches that are used in the literature to analyze the costs of inflation are discussed in the paper. It also provides an overview of the empirical studies of this topic. Research found in academic literature shows that the results of quantitative estimates are extremely sensitive to the choice of the functional form of the money demand equation, as well as to assumptions that are made to simplify the analysis, some of which do not fit Russian data. As a result, we have modified the standard approaches to estimating welfare costs of inflation, taking into account the monetization growth in Russia, and provide quantitative estimates of the magnitude of welfare costs of inflation. The results indicate a significant gain for economic agents in terms of real GDP with a decrease in inflation, which is regarded as a positive effect from the inflation targeting policy.

Norman Uphoff, Milton J. Esman and Anirudh Krishna. Reasons for Success: Learning from Instructive Experiences in Rural Development. New Delhi: Sage Publications, 1998. Paperback. Indian Rs 250.00. 233 pages.

1998 ◽  
Vol 37 (3) ◽  
pp. 305-307
Author(s):  
Afia Malik
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Rural Development ◽  
Natural Resources ◽  
New Delhi ◽  
Rural Poor ◽  
Neoclassical Model ◽  
Rural People ◽  
Small Holders

Given the demographic realities in the developing world, it is not possible to solve the problems of poverty in these countries following the neoclassical model of economic growth. Since the majority of people are ruralites in these countries, the focus should be on rural development directly rather than on waiting for the benefits to trickle down to the rural poor. What is needed is to improve the quality of life and productivity of the small-holders or landless whose livelihood is based on natural resources which are depleting and require urgent attention. More options should be available for the rural people in their own area.

On the Scale and Welfare Costs of Procurement

2013 ◽  
Author(s):  
Rob van der Noll
Keyword(s):  
Welfare Costs

Welfare Costs of COVID-19: Evidence from U.S. Counties

2020 ◽  
Author(s):  
Hakan Yilmazkuday
Keyword(s):  
Welfare Costs

A Political Economy Approach to the Neoclassical Model of Transition

2002 ◽  
Vol 61 (1) ◽  
pp. 259-276 ◽  
Author(s):  
John Marangos
Keyword(s):  
Political Economy ◽  
Neoclassical Model ◽  
Political Economy Approach

The Welfare Costs of Moderate Inflations: Comment

1991 ◽  
Vol 23 (3) ◽  
pp. 513 ◽  
Author(s):  
Randall Wright
Keyword(s):  
Welfare Costs

scholarly journals Non-Linearities and Dynamics in a Neoclassical Model of Investment

1999 ◽  
Vol 32 (2) ◽  
pp. 6212-6217
Author(s):  
Ric D. Herbert ◽  
Peter J. Stemp
Keyword(s):  
Neoclassical Model

REGIONAL GROWTH IN THE UNITED STATES: A RE-EXAMINATION OF THE NEOCLASSICAL MODEL*

1977 ◽  
Vol 17 (1) ◽  
pp. 61-69 ◽  
Author(s):  
Paul S. Lande ◽  
Peter Gordon
Keyword(s):  
United States ◽  
Regional Growth ◽  
The United States ◽  
Neoclassical Model

Welfare Costs of Idiosyncratic and Aggregate Consumption Shocks

2021 ◽  
Author(s):  
George M. Constantinides
Keyword(s):  
Welfare Costs ◽  
Aggregate Consumption
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