Main currents in cumulative causation: the dynamics of growth and development
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Basingstoke [u.a.]
Macmillan [u.a]
1999
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| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XIII, 228 S. |
| ISBN: | 0333746880 0312220510 |
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Record in the Search Index
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| adam_text | Titel: Main currents in cumulative causation
Autor: Toner, Philip
Jahr: 1999
Contents
List of Figures x
Preface xi
Acknowledgements xiii
List of Abbreviations xiv
1. Introduction 1
1.1 Scope of the Study 1
1.2 Why the Study is Warranted 4
Failure to Recognize the Principle of Circular and
Cumulative Causation 4
Recent Interest in the Notion of External Economies
and Disequilibrium Growth 6
1.3 Clarification of Key Terms 7
Increasing Returns 8
Orthodox Conception of Increasing Returns 8
Increasing Returns in Circular and Cumulative Causation 11
Differences in the Treatment of Increasing Returns Within
CC Theory 12
External Economies 14
Technological Externalities 15
Pecuniary Externalities 15
The Sources of Pecuniary Externalities 16
Vertical and Horizontal Externalities 18
Complementarities in Production and Consumption 18
1.4 The Role of Increasing Returns and Externalities in
CC Theory 20
1.5 Overview of the Study 21
2. Allyn Young (1876-1929): Increasing Returns and
Economic Progress 28
2.1 Introduction 28
2.2 Cumulative Causation in Context 28
Marshall s Theory of Increasing Returns 29
The Cost Controversy and Allyn Young 33
2.3 Increasing Returns and Economic Progress 38
2.4 The Mechanisms of Increasing Returns 39
Roundabout Production Methods 39
Specialization of Production Across Industries 40
2.5 The Circular and Cumulative Nature of Increasing Returns 43
2.6 Complementarities in Consumption and Production 46
2.7 Increasing Returns and Technological Change 49
2.8 The Appropriate Level of Analysis 51
2.9 External Economies and Economic Planning 52
2.10 Criticisms of Young s Growth Model 53
Effective Demand 53
Problems in Young s Treatment of Increasing Returns 55
2.11 Summary of Young s Growth Model 58
2.12 Conclusion 60
3. Paul. N. Rosenstein-Rodan (1902-1985): From Circular
Causation to Balanced Growth 62
3.1 Introduction 62
3.2 The Critique of Equilibrium Economics 64
Indivisibilities 64
Complementarities in the Use of Capital 66
Indivisibilities and Risk 66
Complementarities in Consumption 67
Technological Externalities 67
Co-ordination of Investment Decisions 68
3.3 Rosenstein-Rodan s Growth Model in Practice 71
Impediments to Growth in Underdeveloped Regions 71
Exploiting Complementarities 72
Redressing Co-ordination Failure 72
3.4 Criticisms of Balanced Growth 74
Inelasticity of Factor Supplies 74
Failure of Balanced Growth to Exploit Vertical Integration 75
What is the Optimal Industrial Structure? 76
Diversification versus Specialization 11
Streeten s Arguments for Unbalanced Growth 80
3.5 Conclusion 82
4. Albert O. Hirschman (1915- ): From Balanced
to Unbalanced Growth 85
4.1 Introduction 85
4.2 The Critique of Balanced Growth 87
4.3 Definition of Externalities and Complementarities 90
4.4 Induced Investment 91
4.5 Externalities and Development Policy 92
4.6 Linkages 93
Backward Finkage 93
Forward Linkage 94
Combined Linkage Effects 95
4.7 Linkages and Economic Interdependence 96
4.8 Linkages, Interdependence, and Development Policy 97
4.9 Criticisms of Hirschman s Model 99
Induced Investment 99
Input-Output Multipliers and Externalities 100
Balanced and Unbalanced Growth as Competing
Development Strategies 102
4.10 Conclusion 103
5. Gunnar Myrdal (1898-1987): Circular and Cumulative
Causation as the Methodology of the
Social Sciences 105
5.1 Introduction 105
5.2 Equilibrium versus Circular and Cumulative Causation 106
5.3 The Principles of Circular and Cumulative Causation 108
5.4 The Mechanisms of Circular and Cumulative Causation 110
Increasing Returns and External Economies 111
Trade, Capital Movements and Migration 112
Non-Economic Factors 114
5.5 Conclusion 115
6. Nicholas Kaldor (1908-1986): The Marriage of Young
and Keynes 117
6.1 Introduction 117
Structure of the Chapter 118
6.2 The Critique of Equilibrium Economics 120
Critique of Equilibrium Methodology 120
Increasing Returns 121
Complementarity versus Substitution 124
Endogenous Technological Change and Factor Creation 125
6.3 Kaldor s Critique of Young 126
Effective Demand 127
Manufacturing Growth is Not Self-Sustaining 129
Two Sector-Two Stage Model of Development 130
6.4 Kaldor s Growth Laws 132
Background 132
The Three Growth Laws 133
6.5 Export-led Growth 135
Kaldor s Cumulative Causation Model 137
Exports and Development Strategy 138
6.6 Increasing Returns and the Stylized Facts of Industrial
Economies 140
Industrial Agglomeration 140
Regional Income Disparities 141
Trends in Capital-Labour and Capital-Output Ratios 143
Oligopoly 144
Price Formation and the Role of Prices 144
6.7 Criticisms of Kaldor 146
Synthesis of Young and Keynes 146
Kaldor s Constraint to Growth 148
Identification of Industries Subject to Increasing Returns 150
Criticisms of Kaldor s Strategy for Economic Development 153
Ambiguity in the Strategy for Economic Development 153
Criticisms of the Two Sector-Two Stage Model 155
Income Distribution 158
6.8 Conclusion 159
7. Conclusion 161
7.1 Circular and Cumulative Causation: A Synthesis 162
7.2 Endogenous Growth Theory 166
External Economies in Endogenous Growth Theory
and Circular and Cumulative Causation 167
7.3 Recent Studies of East Asian Development 169
7.4 Future of the CC Research Programme 172
Appendix to Chapter 7 180
Notes 184
Bigliography 215
Index 224
|
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| isbn | 0333746880 0312220510 |
| language | English |
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| physical | XIII, 228 S. |
| publishDate | 1999 |
| publishDateSearch | 1999 |
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| publisher | Macmillan [u.a] |
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| spelling | Toner, Phillip Verfasser aut Main currents in cumulative causation the dynamics of growth and development Phillip Toner 1. publ. Basingstoke [u.a.] Macmillan [u.a] 1999 XIII, 228 S. txt rdacontent n rdamedia nc rdacarrier Wachstumstheorie / Entwicklungstheorie / Cumulative Causation / Dogmengeschichte / Theorie Wachstumstheorie (DE-588)4128160-3 gnd rswk-swf Klassische Nationalökonomie (DE-588)4128353-3 gnd rswk-swf Wachstumstheorie (DE-588)4128160-3 s DE-604 Klassische Nationalökonomie (DE-588)4128353-3 s DE-188 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008566900&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Toner, Phillip Main currents in cumulative causation the dynamics of growth and development Wachstumstheorie / Entwicklungstheorie / Cumulative Causation / Dogmengeschichte / Theorie Wachstumstheorie (DE-588)4128160-3 gnd Klassische Nationalökonomie (DE-588)4128353-3 gnd |
| subject_GND | (DE-588)4128160-3 (DE-588)4128353-3 |
| title | Main currents in cumulative causation the dynamics of growth and development |
| title_auth | Main currents in cumulative causation the dynamics of growth and development |
| title_exact_search | Main currents in cumulative causation the dynamics of growth and development |
| title_full | Main currents in cumulative causation the dynamics of growth and development Phillip Toner |
| title_fullStr | Main currents in cumulative causation the dynamics of growth and development Phillip Toner |
| title_full_unstemmed | Main currents in cumulative causation the dynamics of growth and development Phillip Toner |
| title_short | Main currents in cumulative causation |
| title_sort | main currents in cumulative causation the dynamics of growth and development |
| title_sub | the dynamics of growth and development |
| topic | Wachstumstheorie / Entwicklungstheorie / Cumulative Causation / Dogmengeschichte / Theorie Wachstumstheorie (DE-588)4128160-3 gnd Klassische Nationalökonomie (DE-588)4128353-3 gnd |
| topic_facet | Wachstumstheorie / Entwicklungstheorie / Cumulative Causation / Dogmengeschichte / Theorie Wachstumstheorie Klassische Nationalökonomie |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008566900&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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