132:. FitzGerald’s version of this model of an industrializing economy has three commodity markets (food, manufactures and capital goods), foreign trade and income distribution which underpin the specification of a financial-sector with savings, investment, fiscal and monetary balances. For multisectoral models
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and distorted development was an inherent structural feature of the global system exchange. As such, early structuralist models emphasised both internal and external disequilibria arising from the productive structure and its interactions with the dependent relationship developing countries had with
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Dutt and Ros argue that structuralist economists try to identify specific rigidities, lags as well as other characteristics of the structure of developing countries in order to assess the way economies adjust and their responsiveness to development policies. A normal assumption within this approach
124:
More recent contributions to structuralist economics have highlighted the importance of institutions and distribution across both productive sectors and social groups. These institutions and sectors may be incorporated macroeconomic or multisectoral models. At the macroeconomic level modern
308:
FitzGerald, E. V.K. (1990) Kalecki on
Financing Development: An Approach to the Macroeconomics of the Semi-industrialised Economy Cambridge Journal of Economics, vol. 14, issue 2, pages 183-203.
27:
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inflation as a "social phenomenon" requiring for its elimination social, psychological and political-institutional changes, as well as orthodox monetary and fiscal policies.
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that emphasizes the importance of taking into account structural features (typically) when undertaking economic analysis. The approach originated with the work of the
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of the need to raise the level of domestic saving in order to raise the rate of investment given that external sources of finance are likely to be hard to come by
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Nixson reports Bitar's argument that there had become a broad consensus on what amounted to the neostructuralist approach. This included the recognition of:
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Dutt, Amitava
Krishna and Ros, Jaime (2003) Development Economics and Structuralist Macroeconomics: Essays in honor of Lance Taylor, Edward Elgar, p. 55.
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the importance of trying to improve the terms on which countries are integrated into the global economy and to improve international competitiveness.
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Dutt, Amitava
Krishna and Ros, Jaime (2003) Development Economics and Structuralist Macroeconomics: Essays in honor of Lance Taylor, Edward Elgar
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250:
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Taylor, L (2004) Reconstructing
Macroeconomics: Structuralist Proposals and Critiques of the Mainstream, Harvard University Press.
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has provided both a technical introduction to a form of structuralist economics and critique of more mainstream approaches.
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Colman, D. and Nixson, F. (1994) Economics of Change in Less
Developed Countries, Harvester Wheatsheaf, p. 454
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Taylor, L (1983) Structuralist macroeconomics: Applicable models for the third world, Basic Books, New York
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Bitar, S. (1988) Neoconservatism versus
Neostructuralism in Latin America, CEPAL Review, No. 34.
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the importance of political and institutional factors in the analysis of economic problems.
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the developed world. Prebisch himself helped provide the rationale for the idea of
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Kalecki, M (1970) Problems of
Financing Economic Development in a Mixed Economy.
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341:"New Structural Economics A Framework for Rethinking Development and Policy"
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New structural economics is an economic development strategy developed by
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structural adjustment as only one component of structural change.
30:(ECLA or CEPAL) and is primarily associated with its director
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Problems of
Financing Economic Development in a Mixed Economy
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the need to strengthen the productive and technological base.
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structuralists would trace the origins of their approach to
111:— planning and the market — agriculture and industry.
103:the false nature of dilemmas between for example
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251:The New Palgrave: A Dictionary of Economics
225:. New York City: Oxford. pp. 227–230.
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223:The World Transformed, 1945 to the Present
159:. The strategy combines ideas from both
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38:. Prebisch began with arguments that
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45:import substitution industrialization
28:Economic Commission for Latin America
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72:is that the price mechanism fails
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134:Social Accounting Matrices (SAMs)
59:of the developing countries, the
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916:Schools of economic thought
845:History of economic thought
392:Schools of economic thought
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765:New neoclassical synthesis
753:Real business-cycle theory
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154:World Bank Chief Economist
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61:Singer–Prebisch hypothesis
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248:(1987). "structuralism,"
79:to deliver steady growth,
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183:Gustavo Garza Villarreal
148:New structural economics
55:. The alleged declining
34:and Brazilian economist
875:Post-autistic economics
82:to produce a "desired"
20:Structuralist economics
613:Modern Monetary Theory
221:Hunt, Michael (2016).
178:Singer–Prebisch thesis
161:neoclassical economics
911:Development economics
697:Keynes–Marx synthesis
47:, in the wake of the
16:Approach to economics
885:World-systems theory
865:Mainstream economics
805:Technocracy movement
785:Saltwater/freshwater
254:, v. 4, pp. 527-531.
193:World-systems theory
870:Heterodox economics
598:Capability approach
474:American (National)
456:School of Salamanca
138:input-output tables
84:income distribution
40:economic inequality
506:English historical
140:) are often used.
22:is an approach to
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860:Political economy
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760:New institutional
733:Neo-Schumpeterian
541:Marxist economics
521:German historical
232:978-0-19-937102-0
173:Dependency theory
136:(an extension to
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348:. Retrieved
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536:Marginalism
466:Late modern
451:Physiocrats
246:Palma, J.G.
203:Big history
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780:Regulation
706:Monetarism
692:Circuitism
640:Ecological
608:Chartalism
588:Behavioral
531:Manchester
526:Malthusian
484:Birmingham
441:Cameralism
425:Modern era
399:Pre-modern
855:Economics
790:Stockholm
665:Keynesian
630:Cracovian
579:(20th and
568:Socialist
551:Mutualism
494:Ricardian
489:Classical
127:Kalecki's
24:economics
880:Degrowth
815:Virginia
655:Freiburg
650:Feminist
603:Carnegie
593:Buddhist
561:Lausanne
516:Georgism
479:Austrian
350:March 7,
167:See also
833:Related
620:Chicago
67:Details
711:Market
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687:Post-
344:(PDF)
209:Notes
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352:2015
227:ISBN
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105:ISI
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331:^
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