Understanding the UK economy:
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
New York
St. Martin's Press
1990
|
| Ausgabe: | 1. publ. in the United States of America |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XVII, 359 S. |
| ISBN: | 0312047495 |
Internformat
MARC
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| 245 | 1 | 0 | |a Understanding the UK economy |c ed. by Peter Curwen |
| 250 | |a 1. publ. in the United States of America | ||
| 264 | 1 | |a New York |b St. Martin's Press |c 1990 | |
| 300 | |a XVII, 359 S. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Wirtschaftspolitik | |
| 650 | 0 | 7 | |a Wirtschaft |0 (DE-588)4066399-1 |2 gnd |9 rswk-swf |
| 651 | 4 | |a Großbritannien | |
| 651 | 4 | |a Great Britain |x Economic conditions |y 1964-1979 | |
| 651 | 4 | |a Great Britain |x Economic conditions |y 1979-1997 | |
| 651 | 4 | |a Great Britain |x Economic policy |y 1964-1979 | |
| 651 | 4 | |a Great Britain |x Economic policy |y 1979-1997 | |
| 651 | 4 | |a Great Britain |x Foreign economic relations | |
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| 700 | 1 | |a Curwen, Peter J. |e Sonstige |4 oth | |
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Datensatz im Suchindex
| _version_ | 1804118584095408128 |
|---|---|
| adam_text | Contents
List of Figures ix
List of Tables xi
Preface xiii
List of Abbreviations xv
Acknowledgements xvii
Introduction Peter Curwen
The neo classical world 2
The neo classical 1930s 3
The Keynesian revolution 4
Neo classicism in decline 6
Efficiency versus equity 7
Employment, trade and inflation 9
The brief reign of monetarism 12
The Thatcher years 13
The political context 15
1 The Macroeconomy Bob Sedgwick
Introduction Peter Curwen 19
The national accounts 22
National income and output, 1977 88 31
Investment 35
Personal income, consumption and
saving Peter Curwen 41
Economic performance 47
Inflation 52
Supply side economics Peter Curwen 61
Appendix 1.1 Say s Law, the Laffer Curve
and the Gutman Effect 64
Appendix 1.2 Supply Side Measures 65
2 The Financial System
Peter Curwen
Financial intermediation 69
Classifying financial intermediaries 71
The Bank of England 72
The banking sector 74
Non bank financial intermediaries 83
Money markets 88
Capital markets 93
Big Bang and its aftermath 95
Investor protection 97
Financial intermediation in the future 98
Conclusion 102
3 Spending, Taxing and
Borrowing Peter Curwen
Introduction 103
Public expenditure 104
The overall tax burden 112
Fiscal drag 114
The tax system 114
The EC and tax harmonisation 123
The Budget 125
The public sector borrowing requirement
and public sector debt repayment 127
4 External Transactions
Peter Curwen
Introduction 131
The system of balance of payments
accounts 132
The structure of the accounts 134
The accounts in retrospect 138
Competitiveness 145
Area composition of UK visible trade 147
Commodity composition of UK visible
trade 149
Exchange rates 151
Exchange rate issues 161
Is there a balance of payments crisis? 163
viii Contents
The international monetary system 164
The international debt crisis 168
5 External Relations Peter Curwen
Introduction 172
The single European market 172
The European monetary system (EMS) 175
Protectionism 181
Reciprocity 184
General Agreement on Tariffs and Trade
(GATT) 185
UK/EC budgetary relationships 187
Agriculture 188
Recent EC Budget negotiations 194
Costs and benefits of agricultural reform 195
6 The Labour Market
Brian McCormick
Introduction 199
Trade unions 200
The legal framework 202
Education and training 207
Employment 212
Unemployment 217
Causes of unemployment 225
The reduction of unemployment 227
Issues in pay determination 229
Conclusion 234
7 Welfare: Inequality and
Poverty Paul Marshall
Inequality and income distribution 236
The concentration of wealth 246
Poverty and income maintenance 251
The response from the system 256
8 Industry and Policy
Keith Hartley and Nick Hooper
Introduction: the policy issues 266
Theory and industrial policy 268
The economics of regulation and
regulatory policy 277^
Competition policy 279
Ownership 287
Subsidy policy 292
Public purchasing 298
Conclusion 305
9 Macroeconomic policy
David Gowland and Stephen James
Introduction 306
Macroeconomic policy 307
A framework of analysis 310
Methods of monetary control 313
The 1950s and 1960s: the age of demand
management 315
The 1970s 318
The 1980s: the Thatcher years 322
The policy in action 326
The decline of Keynesianism 332
Friedman s critique 334
New Classical and radical critiques 336
Financial policy in the ascendant 338
The desirability of intermediate targets 340
Direct controls on credit 343
Are Budget surpluses beneficial? 344
Index 347
List of Figures
1.1 A schematic representation of the
UK economy 20
1.2 Capacity utilisation 32
1.3 Total business investment 37
1.4 Companies net rate of return on
capital 40
1.5 Personal income, 1977 89 42
1.6 Share of consumers expenditure,
1988 43
1.7 Total domestic saving as % of GDP
at factor cost 47
1.8 Real GDP, 1981 87 49
1.9 Annual contribution of stockbuilding
to GDP growth 50
1.10 Average growth for six year periods,
1949 54 to 1983 88 51
1.11 The Retail Prices Index 54
1.12 Consumer price indices, selected
countries, 1975 88 57
2.1 Retail banks, balance sheet 77
2.2 Building societies, assets and
liabilities 85
3.1 General government expenditure
and planning total in real terms,
1963 64 to 1990 91 106
3.2 General government expenditure as
% of GDP, 1890 1986 109
3.3 Public expenditure by function 110
3.4 The tax burden 112
3.5 Tax revenues as % of GDP, selected
OECD countries, 1986 113
3.6 Sources of revenue, 1989 90 126
1.7 PSBRas%ofGDP 129
4.1 UK balance of payments accounts,
1983 88 135
4.2 Measures of UK trade
competitiveness 146
4.3 Visible trade balance 152
4.4 Old sterling ERI, 1972 88 157
4.5 International reserves, % change on
previous year 168
5.1 National subsidies as % of domestic
income 174
5.2 EMS exchange rate constraints 177
5.3 Producer subsidy equivalents,
1979 81 and 1984 86 196
5.4a Price adjustment gap: cereals 197
5.4b Price adjustment gap: sugar 197
6.1 Employment and training measures,
numbers of people supported 211
6.2 Civilian labour force of working age
and population of working age by
sex, Great Britain 213
6.3 Workforce and workforce in
employment, UK 217
6.4 UK unemployment flows, April
1988 April 1989 220
6.5 Unemployment by age, duration
and sex, April 1987 and April
1989 221
6.6 International comparisons of
unemployment 222
6.7 Regional unemployment rates 224
6.8 Annual rate of change of weekly
earnings of all workers 226
7.1 Hypothetical Lorenz curves and the
measurement of inequality 239
7.2 Measuring the Gini coefficient from
the Lorenz curve 240
7.3 Dispersion of gross weekly earnings,
1977 87 243
7.4 Lorenz curves as calculated by
Morris and Preston (1986) 246
7.5 Distribution of wealth, UK, 1976 88 248
7.6 Composition of net wealth of
personal sector, UK, 1971 87 249
8.1 Mergers, scale economies and
competition 271
x List of Figures
8.2 Linkages in the political market: the
example of smoking 276
8.3 Classifying privatisation 289
8.4 The economics of collaboration 299
9.1 Relationships among monetary
aggregates and their components 311
9.2 Bank base rates, 1977 89 328
9.3 Aggregate demand, aggregate
supply and inflation 335
9.4 Aggregate demand, aggregate
supply and Phillips Curves 336
9.5 Alternative approaches to credit
control 343
List of Tables
1.1 National product and GDP, 1988 24 25
1.2 GDP at constant factor cost 27
1.3 UK GDP by industry 1988 28
1.4 GDP, growth of output by sector,
1980 88 29
1.5 UK real domestic product by
category of expenditure, 1977 89 30
1.6 Investment (GDFCF) by type of
asset and by sector as a % of GDP,
1977 88 34
1.7 Investment by type of asset as a %
of GDFCF 38
1.8 Personal income, expenditure and
saving 44
1.9 Real GDP growth 49
1.10 Output per person employed 52
I.I I Assorted price indices 55
1.12 Contributions to output prices in
manufacturing from changes in cost
components 60
1.13 Estimated contributions to the
growth in output prices 60
2.1 Financial intermediaries 72
2.2 UK monetary sector, deposit
liabilities at 30 Sep 1988 75
2.3 Building society statistics 84
2.4 Unit trusts, 1984 88 87
3.1 Public expenditure totals 105
3.2 General government expenditure,
excluding privatisation proceeds, as
a % of GDP: plans and out turns 108
3.3 The structure of the UK tax system
since 1948 114
3.4 Debt repayments of central
government (CGDR) and public
sector (PSDR) 128
4.1 International comparisons of external
net assets 137
4.2 Index numbers, UK visible trade 139
4.3 UK official reserves, 1973 87 141
4.4 Balance of payments of the UK,
1975 88 142
4.5 Area composition of UK exports,
f.o.b., 1955 88 148
4.6 Area composition of UK imports,
c.i.f., 1955 88 148
4.7 Commodity analysis of imports 150
4.8 Commodity analysis of exports 150
4.9 Selected sterling exchange rates and
effective exchange rate index (ERI),
1972 89 156
4.10 Selected external indebtedness, 1985 170
5.1 The composition of an ECU 176
5.2 Central parity realignments within
the EMS 178
5.3 General government transactions
with the institutions of the European
Community 188
5.4 Comparative agricultural data in the
EC 190
5.5 Cost price squeeze ; ratio of
producer prices to input prices 192
6.1 Trade unions: numbers and
membership in the UK 202
6.2 UK population 212
6.3 Employees in employment, by
industry, UK 216
6.4 Measures of unemployment, all
workers, UK, 1971 88 218
6.5 Changes in the methods of recording
unemployment statistics, 1979 88 219
6.6 Ratio of unemployment benefits to
average earnings net of tax 229
6.7 Womens hourly earnings relative to
those of men, 1970 88 230
6.8 Stoppages in progress, UK, 1967 88 233
7.1 Cumulative distribution of pa sonal
income before tax, UK, 1949 85 240
xii List of Tables
7.1 % shares of main components in
total personal income, UK, 1967 87 242
7.3 Cumulative distribution of personal
income after income tax, UK,
1949 85 244
7.4 Household definitions used by CSO
in estimates of income distribution
as modified by state tax/transfer
programmes, 1989 245
7.5 Cumulative distribution of original,
disposable and final household
income, UK, 1976 86 245
7.6 The distribution of wealth in Great
Britain, 1911 60 and the UK,
1966 85 248
7.7 The 1940 s foundations of the
Welfare State in the UK 254
7.8 Projections of the elderly population,
UK and selected countries 255
7.9 Estimates of supplementary benefit
take up 261
8.1 Contribution to GDP by sector 267
8.2 Employment and productivity 268
8.3 A taxonomy of industrial policy 271
8.4 Major competition policy measures 280
8.5 Firm size and market structures 284
8.6 UK privatisations 290
8.7 Ownership and market structure: a
taxonomy 292
8.8 DTI and government subsidies 294
8.9 Government spending on science
and technology 297
8.10 Contracting out: progress and
potential 301
8.11 Contracting out: the arguments 302
8.12 Savings from competition 304
9.1 GDP, inflation and unemployment,
1950 79, selected years 316
9.2 Monetary targets and outcomes,
1976 79 321
9.3 Medium Term Financial Strategy:
target ranges and outcomes 324
9.4 The performance of the economy,
1979 88 326
9.5 The Lawson boom selected
indicators, 1985 88 329
9.6 Representative money market
interest rates 331
9.7 Incomes policies 339
9.8 Stabilisation policy 340
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| id | DE-604.BV004406577 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T16:12:37Z |
| institution | BVB |
| isbn | 0312047495 |
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| physical | XVII, 359 S. |
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| spelling | Understanding the UK economy ed. by Peter Curwen 1. publ. in the United States of America New York St. Martin's Press 1990 XVII, 359 S. txt rdacontent n rdamedia nc rdacarrier Wirtschaft Wirtschaftspolitik Wirtschaft (DE-588)4066399-1 gnd rswk-swf Großbritannien Great Britain Economic conditions 1964-1979 Great Britain Economic conditions 1979-1997 Great Britain Economic policy 1964-1979 Great Britain Economic policy 1979-1997 Great Britain Foreign economic relations Großbritannien (DE-588)4022153-2 gnd rswk-swf Großbritannien (DE-588)4022153-2 g Wirtschaft (DE-588)4066399-1 s DE-604 Curwen, Peter J. Sonstige oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002734483&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Understanding the UK economy Wirtschaft Wirtschaftspolitik Wirtschaft (DE-588)4066399-1 gnd |
| subject_GND | (DE-588)4066399-1 (DE-588)4022153-2 |
| title | Understanding the UK economy |
| title_auth | Understanding the UK economy |
| title_exact_search | Understanding the UK economy |
| title_full | Understanding the UK economy ed. by Peter Curwen |
| title_fullStr | Understanding the UK economy ed. by Peter Curwen |
| title_full_unstemmed | Understanding the UK economy ed. by Peter Curwen |
| title_short | Understanding the UK economy |
| title_sort | understanding the uk economy |
| topic | Wirtschaft Wirtschaftspolitik Wirtschaft (DE-588)4066399-1 gnd |
| topic_facet | Wirtschaft Wirtschaftspolitik Großbritannien Great Britain Economic conditions 1964-1979 Great Britain Economic conditions 1979-1997 Great Britain Economic policy 1964-1979 Great Britain Economic policy 1979-1997 Great Britain Foreign economic relations |
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