This volume puts forward a group of models applied to different economies, capturing the progress and growth of their economic systems. The models provide a quantified framework for the formulation of economic policy. They aid the introduction of targets and policy instruments taking account of constraints in the process of development. Also, an evaluation of external and internal shocks is taken using a comparative static type of analysis. The models take into account constraints which are in the nature of institutional as well as supply constraints. Problems of data exist in any quantitative analysis and account was taken of this factor in presenting the models and the results reached. Nonetheless, the models attempt to specify, estimate and simulate a given macroeconomic system. Models of this type are not freely available to the interested reader, but only in a fragmented way. This book puts the efforts of a group of economists worldwide under one cover. It is believed that the collection will be of interest both for courses in planning and for those adviSing these countries such as international organizations, research bodies, etc. Moreover, an overview of trade policy and income distributional factors is presented. It is hoped that this collection will prove interesting and useful to economists world wide.
This volume provides a detailed and comprehensive assessment of the performance of the Spanish economy in the 1990s and examines Spain's future prospects versus European Economic and Monetary Union. It analyses recent structural changes in the Spanish economy and macro-economic performance, as well as developments in government policy. The book als
The Italian economy has been one of the most turbulent in Europe. Its growth rates have consistently been amongst the highest in the European Community, but concerns about underlying structural weaknesses were highlighted by its ignominious departure from the ERM. Since then, despite continuing political upheavals, the performance of the real economy has been buoyant. The Italian Economy in the 1990's presents an authoritative and up-to-date account of one of Europe's major economies as we reach the middle of the decade. Rich in data, it provides analysis of: *Italy's economic performance *the labour market *public debt *privatisation.
The Italian economy has been one of the most turbulent in Europe. Its growth rates have consistently been amongst the highest in the European Community, but concerns about underlying structural weaknesses were highlighted by its ignominious departure from the ERM. Since then, despite continuing political upheavals, the performance of the real economy has been buoyant. The Italian Economy in the 1990's presents an authoritative and up-to-date account of one of Europe's major economies as we reach the middle of the decade. Rich in data, it provides analysis of: *Italy's economic performance *the labour market *public debt *privatisation.
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