1,721,226 research outputs found
Read Poster Featuring James Lance Taylor
No full textRead poster featuring James Lance Taylor and his book: Black Nationalism in the United States: from Malcolm X to Barack Obamahttps://repository.usfca.edu/read_gallery/1024/thumbnail.jp
Lance Taylor and Sheridan Taylor at UNF Homecoming 2001
No full textSheridan Taylor (daughter of long-time UNF employee Matt Taylor and UNF alumna Melody Taylor) with her grandfather, Lance Taylor (retired UNF employee), take in the sights at UNF Homecoming 2001.https://digitalcommons.unf.edu/photos_50th/1021/thumbnail.jp
Structuralist Economics: Challenge to the Mainstream
No full textIn a new textbook, economist Lance Taylor makes his case for what he calls structuralist economics. It directly challenges mainstream economics' reliance on assumptions about how consumers and businesses act, and tries to ground economic theory in everyday reality. We discuss his theories, based on years of work, and how they apply to the real world.
Lance Taylor, Varieties of Stabilization Experience : towards sensible macroeconomics in the third world
No full textSid Hamed Abdelkader. Lance Taylor, Varieties of Stabilization Experience : towards sensible macroeconomics in the third world. In: Tiers-Monde, tome 32, n°127, 1991. « Investissement-travail » et développement. Des approches et pratiques renouvelées ? sous la direction de André Guichaoua. pp. 692-693
Cycles and trends in U.S. net borrowing flows
No full textTrend and cyclical patterns of household, business, government, and foreign net borrowing shares of gross domestic product are reviewed using diagrams and covariance decompositions of the identity stating that the sum of the shares equals zero. Household and business net borrowing shares and thereby those sectors' contributions to effective demand are procyclical. Household borrowing over the cycle is led by residential investment. Consumption varies countercyclically, but it is offset by rising taxes as opposed to saving, suggesting that "consumption smoothing" by households as featured in much macro theory is not empirically important. Procyclicality of private net borrowing is countered by a countercyclical government deficit along traditional lines. In terms of trends, "twin" fiscal and foreign deficits appear infrequently, with the household and external deficits being much more closely related. The former is linked to a strong upward trend in health-care spending as a share of disposable income, with a corresponding downward trend in saving after the early 1980s
Growth, Development Policy,Job Creation and Poverty Reduction
Full text linkPolicies seeking to directly help the poor have an important role to play. But without sustained growth in per capita output and significant job creation, they will not succeed. Policies promoting growth have been suggested, most notably by avoiding pro-cyclical responses to macroeconomic shocks (especially from abroad), steering macroeconomic prices, such as exchange and interest rates, to support developmental objectives, pursuing industrial and trade policies involving increasing returns, promoting financial development, and making productive use of foreign aid. Ensuring national economies have sufficient policy space to achieve sustained growth and structural change should be the over-riding policy concern.Macroeconomic policy; development policy; economic growth; poverty reduction; employment; job creation.
Interview with Lance Taylor: 'Wage repression and secular stagnation are rather close in kind'
No full textLance Taylor received a BS degree with honours in mathematics from the California Institute of Technology in 1962 and a PhD in Economics from Harvard University in 1968. He has been a professor in the economics departments of Harvard and the Massachusetts Institute of Technology, among other research institutions. He is currently the Arnhold Professor Emeritus of International Cooperation and Development at the New School for Social Research, New York. He has published widely in the areas of macroeconomics, development economics and economic theory
Real Exchange Rate, Monetary Policy and Employment
Full text linkThe exchange rate affects the economy through many channels and, consequently, has diverse macroeconomic and development impacts. Five are analysed in this paper: resource allocation, economic development, finance, external balance and inflation. The use of the exchange rate as a developmental tool in conjunction with its other uses (often in coordination with monetary policy) is at the focus of the discussion.exchange rate, development policy
Incentive policies and agricultural performance in sub-Saharan Africa
Full text linkExports in general, and agricultural exports in particular, are more responsive to price incentives in Sub-Saharan Africa than in developing countries.. These are the results of an econometric investigation on the effects of real exchange rates on exports. It further appears that in Sub-Saharan Africa the impact of real exchange rates is greater on agricultural exports than on the exports of goods and services. Within Sub-Saharan Africa, market-oriented countries generally gained export market shares while interventionist countries lost shares. This occurred when market-oriented, not interventionist countries, maintained realistic exchange rates and did not bias incentives against exports. For example, Kenya and the Ivory Coast exemplify market-oriented, and Tanzania and Ghana interventionist, countries. Pairwise comparisons between the Ivory Coast and Ghana have indicated the superiority of the market-oriented approach in promoting exports and agricultural production.Economic Theory&Research,TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT,Export Competitiveness,Environmental Economics&Policies,Access to Markets
Developing and Transition Economies in the Late 20th Century: Diverging Growth Rates, Economic Structures, and Sources of Demand
Full text linkThis study reviews the growth and development performance of developing countries in the latter part of the 20th century. Sustained growth among “successful” countries was accompanied by structural change in terms of output and labour share shifts, trade diversification, sustained productivity growth with some strong reallocation effects due to movements of labour from low to high productivity sectors. Neither the widely accepted “twin deficits” nor the “consumption-smoothing” behaviour views of macro adjustment seem to apply, though macroeconomic flexibility may be very important. Finally, neither human capital accumulation nor foreign direct investment are sufficient, by themselves, to stimulate growth.economic development, structural change, comparative studies, development policy
- …
