Choice Of Technique And The Volume Of Saving (A Re-Examination Of The Cobb-Douglas Model)

1968 ◽  
Vol 8 (4) ◽  
pp. 606-617
Author(s):  
Mohammad Anisur Rahman
Keyword(s):  
Economic Development ◽  
Production Function ◽  
Development Policy ◽  
Social Goals ◽  
The Other ◽  
Economic Development Policy ◽  
Labour Intensity ◽  
The One ◽  
Choice Of Technique ◽  
The Relationship

The purpose of this paper is to re-examine the relationship between the degree of aggregate labour-intensity and the aggregate volume of saving in an economy where a Cobb-6ouglas production function in its traditional form can be assumed to give a good approximation to reality. The relationship in ques¬tion has an obviously important bearing on economic development policy in the area of choice of labour intensity. To the extent that and in the range where an increase in labour intensity would adversely affect the volume of savings, a con¬flict arises between two important social objectives, i.e., higher rate of capital formation on the one hand and greater employment and distributive equity on the other. If relative resource endowments in the economy are such that such a "competitive" range of labour-intensity falls within the nation's attainable range of choice, development planners will have to arrive at a compromise between these two social goals.

scholarly journals More employers, more jobs, more money: An empirical analysis of local economic development policy impacts in US cities

2007 ◽  
Vol 54 (4) ◽  
pp. 445-467 ◽  
Author(s):  
Stuart Strother
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Development Policy ◽  
Local Economic Development ◽  
Tax Base ◽  
Data Set ◽  
Economic Development Policy ◽  
Development Policies ◽  
The Relationship ◽  
Us Cities

Local government leaders in the U. S. employ a multitude of programs and policies in the name of economic development to increase the number of firms, employment, wages, and, of course, the tax base. The past few decades have seen a surge in local economic development policies, yet research analyzing their effectiveness is sparse. This study analyzes the relationship between local economic development policy and economic growth in a data set of 412 U. S. cities. Results indicate that policy has only has a weak correlation with economic growth, suggesting that growth is determined more by market conditions rather than government intervention. The article concludes with an entrepreneurial policy approach this author believes may yield development results in an era of limited policy effectiveness.

scholarly journals Assessment of Relationship Among Regional Economic Development Policy, Urban Development Policy and Public Policy

2020 ◽  
pp. 171-177
Author(s):  
Asfika Sultana ◽  
Md Harun Or Rashid ◽  
Shahara Akter Eva ◽  
Arifin Sultana
Keyword(s):  
Public Policy ◽  
Economic Development ◽  
Urban Development ◽  
Development Policy ◽  
Public Management ◽  
Regional Economic Development ◽  
Regional Economic ◽  
Economic Development Policy ◽  
Urban Development Policy ◽  
The Relationship

This study mainly investigates the problems of public management from the two interdisciplinary approaches of regional economic development policy and urban development policy. A qualitative desk review approach has been adopted to contribute the debate and reach the objectives of the study. This study reveals that there is an integral relationship among regional economic development policy, urban development policy and public policy. It also introduces the main essence of regional economic development policy, the analysis of the research difficulties and causes, expounds the relationship and enlightenment between regional economic development policy research perspectives, approach and research methods of public management. It also highlights the relationship and enlightenment between the way and research method and the theory and practice of public management. This paper also analyzes the main similarity and differences between regional economic development policy and urban development policy and forward recommendations based on the findings.

2 Economic Growth and Economic Development

2020 ◽  
Author(s):  
Cheng Thomas K
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth And Development ◽  
Poverty Reduction ◽  
Competition Law ◽  
The Other ◽  
Necessary Condition ◽  
Continuous Growth ◽  
The One ◽  
The Relationship

This chapter discusses economic growth and economic development. The relationship between growth and development seems to be highly interrelated and share significant overlap. On the one hand, it has been said that economic growth is a necessary condition for development. Growth is essential to poverty reduction. If development is understood as poverty reduction, or at least poverty reduction is taken to be a key component of development, then by extension, growth is a prerequisite for development. On the other hand, it has been argued that growth also depends on development. This is premised on the understanding of development as structural transformation. The argument is that for there to be continuous growth, the economy and society must undergo transformation to become more productive. The chapter then considers how the concepts of economic growth and economic development may relate to competition law enforcement.

For the benefit of all? State-led gentrification in a contested city

Urban Studies ◽  
2020 ◽  
pp. 004209802095307
Author(s):  
Yael Shmaryahu-Yeshurun ◽  
Guy Ben-Porat
Keyword(s):  
Economic Development ◽  
Development Policy ◽  
Policy Makers ◽  
The North ◽  
Economic Development Policy ◽  
Economic Process ◽  
Complex Picture ◽  
Local Residents ◽  
The Relationship

Gentrification is not only an economic process based on individual desires and decisions and independent of political goals, but also a process led or assisted by governments with economic development and national goals. In this work, we study a state-led ethno-gentrification in Acre, a contested city in the north of Israel. Looking beyond the neoliberal terminology of regeneration, we argue that in contested cities gentrification is an economic development policy often intertwined with national-demographic goals. Yet, while economic and national motivations and policies may reinforce one another, they also produce tensions among policy makers, gentrifiers and local residents. ‘State-led ethno-gentrification’ presents the complexity of the relationship between neoliberalism and nationalism in a contested city. Interviews conducted in Acre with policy makers, Jewish newcomers involved in the gentrification process and Arab residents present a complex picture of goals, interests and concerns, as well as contradictions and tensions.

Structuralism as a Pamphlet (On the Book by E. Reinert “How Rich CountriesGot Rich... And Why Poor Countries Stay Poor”. 2nd ed.)

2014 ◽  
pp. 147-153
Author(s):  
P. Orekhovsky
Keyword(s):  
Economic Theory ◽  
Economic Development ◽  
Structural Analysis ◽  
Increasing Returns ◽  
The Other ◽  
Static Theory ◽  
Poor Countries ◽  
Historical School ◽  
Socio Economic Development ◽  
The Relationship

The review outlines the connection between E. Reinert’s book and the tradition of structural analysis. The latter allows for the heterogeneity of industries and sectors of the economy, as well as for the effects of increasing and decreasing returns. Unlike the static theory of international trade inherited from the Ricardian analysis of comparative advantage, this approach helps identify the relationship between trade, production, income and population growth. Reinert rehabilitates the “other canon” of economic theory associated with the mercantilist tradition, F. Liszt and the German historical school, as well as a reconside ration of A. Marshall’s analysis of increasing returns. Empirical illustrations given in the book reveal clear parallels with the path of Russian socio-economic development in the last twenty years.

Bastard Feudalism and the Framing of Thirteenth-Century England

2018 ◽  
Author(s):  
Peter Coss
Keyword(s):  
Middle Ages ◽  
Thirteenth Century ◽  
Twelfth Century ◽  
The State ◽  
The Other ◽  
Great Work ◽  
Early Middle Ages ◽  
The One ◽  
The Relationship

In the introduction to his great work of 2005, Framing the Early Middle Ages, Chris Wickham urged not only the necessity of carefully framing our studies at the outset but also the importance of closely defining the words and concepts that we employ, the avoidance ‘cultural sollipsism’ wherever possible and the need to pay particular attention to continuities and discontinuities. Chris has, of course, followed these precepts on a vast scale. My aim in this chapter is a modest one. I aim to review the framing of thirteenth-century England in terms of two only of Chris’s themes: the aristocracy and the state—and even then primarily in terms of the relationship between the two. By the thirteenth century I mean a long thirteenth century stretching from the period of the Angevin reforms of the later twelfth century on the one hand to the early to mid-fourteenth on the other; the reasons for taking this span will, I hope, become clearer during the course of the chapter, but few would doubt that it has a validity.

scholarly journals Evangelical and Catholic Timespace in Work: An Argument against a Homeless Eschatology

Religions ◽  
2021 ◽  
Vol 12 (3) ◽  
pp. 199
Author(s):  
Maria Ledstam
Keyword(s):  
Empirical Study ◽  
Common Good ◽  
Ethnographic Study ◽  
The Other ◽  
Faith Based ◽  
Business As Mission ◽  
Achievable Goal ◽  
The Common ◽  
The One ◽  
The Relationship

This article engages with how religion and economy relate to each other in faith-based businesses. It also elaborates on a recurrent idea in theological literature that reflections on different visions of time can advance theological analyses of the relationship between Christianity and capitalism. More specifically, this article brings results from an ethnographic study of two faith-based businesses into conversation with the ethicist Luke Bretherton’s presentation of different understandings of the relationship between Christianity and capitalism. Using Theodore Schatzki’s theory of timespace, the article examines how time and space are constituted in two small faith-based businesses that are part of the two networks Business as Mission (evangelical) and Economy of Communion (catholic) and how the different timespaces affect the religious-economic configurations in the two cases and with what moral implications. The overall findings suggest that the timespace in the Catholic business was characterized by struggling caused by a tension between certain ideals on how religion and economy should relate to each other on the one hand and how the practice evolved on the other hand. Furthermore, the timespace in the evangelical business was characterized by confidence, caused by the business having a rather distinct and achievable goal when it came to how they wanted to be different and how religion should relate to economy. There are, however, nuances and important resemblances between the cases that cannot be explained by the businesses’ confessional and theological affiliations. Rather, there seems to be something about the phenomenon of tension-filled and confident faith-based businesses that causes a drive in the practices towards the common good. After mapping the results of the empirical study, I discuss some contributions that I argue this study brings to Bretherton’s presentation of the relationship between Christianity and capitalism.

scholarly journals From reflex to reflection: Moving from the space of causes to the space of reasons and back

2020 ◽  
Vol 3 (1) ◽  
pp. 681-693
Author(s):  
Ariel Furstenberg
Keyword(s):  
The Other ◽  
Final Part ◽  
Clear Cut ◽  
Other Hand ◽  
Space Of Reasons ◽  
The One ◽  
The Relationship ◽  
Simple Picture

AbstractThis article proposes to narrow the gap between the space of reasons and the space of causes. By articulating the standard phenomenology of reasons and causes, we investigate the cases in which the clear-cut divide between reasons and causes starts to break down. Thus, substituting the simple picture of the relationship between the space of reasons and the space of causes with an inverted and complex one, in which reasons can have a causal-like phenomenology and causes can have a reason-like phenomenology. This is attained by focusing on “swift reasoned actions” on the one hand, and on “causal noisy brain mechanisms” on the other hand. In the final part of the article, I show how an analogous move, that of narrowing the gap between one’s normative framework and the space of reasons, can be seen as an extension of narrowing the gap between the space of causes and the space of reasons.

Ontology and Perception

2004 ◽  
Vol 5 (1) ◽  
pp. 43-58
Author(s):  
Jeffrey S. Galko ◽  
Keyword(s):  
Common Sense ◽  
The Other ◽  
Cognitive Capacity ◽  
Complex Environment ◽  
Starting Point ◽  
Ontological Question ◽  
The One ◽  
Bodies Of Water ◽  
The Relationship

The ontological question of what there is, from the perspective of common sense, is intricately bound to what can be perceived. The above observation, when combined with the fact that nouns within language can be divided between nouns that admit counting, such as ‘pen’ or ‘human’, and those that do not, such as ‘water’ or ‘gold’, provides the starting point for the following investigation into the foundations of our linguistic and conceptual phenomena. The purpose of this paper is to claim that such phenomena are facilitated by, on the one hand, an intricate cognitive capacity, and on the other by the complex environment within which we live. We are, in a sense, cognitively equipped to perceive discrete instances of matter such as bodies of water. This equipment is related to, but also differs from, that devoted to the perception of objects such as this computer. Behind this difference in cognitive equipment underlies a rich ontology, the beginnings of which lies in the distinction between matter and objects. The following paper is an attempt to make explicit the relationship between matter and objects and also provide a window to our cognition of such entities.

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