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    • 2013 Dissertations (UMKC)
    • 2013 UMKC Dissertations - Freely Available Online
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    A Post-Keynesian/Structuralist Strategy for Economic Development

    Rafferty, Devin T.
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    [PDF] RaffertyPosKeyStr.pdf (1.241Mb)
    Date
    2014-04-01
    Format
    Thesis
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    Abstract
    There are two distinct traditions that have widely different views on the fundamental problem of economic development. This dissertation makes a contribution to the tradition known as the Scarcity in the Midst of Plenty Approach, which views the problem as an inability of less developed economies to fully utilize their existing resources because of demand constraints. The result of this situation is that these economies are frequently left with an inefficient production structure, high levels of structural underemployment, and few investment inducements that can ameliorate it. In order to solve this problem, the author argues that a development strategy must be implemented that is capable of combining short term demand targeting with long term structural change. Accordingly, the thesis of this dissertation is that the combination of balanced growth, employer of last resort, and the developmental state can serve as a development strategy that can successfully combine these two elements as well as minimize structural underemployment. Consequently, we argue that this strategy can initiate and/or sustain a development process in less developed economies. Our results demonstrate that this is indeed the case
    Table of Contents
    Abstract -- Introduction -- The proper objective of an economic development strategy and some issues of terminology -- A post-Keynesian/structuralist strategy for economic development : the synthesis of balanced growth, employer of last resort, and the developmental state -- Financing our post-Keynesian/structuralist strategy for development -- Balanced growth -- Employer of last resort in less developed economies -- The developmental state and post-Keynesian/structuralist economics -- Conclusion -- References
    URI
    http://hdl.handle.net/10355/41505
    Degree
    Ph. D.
    Thesis Department
    Economics (UMKC)
     
    Social Science Consortium (UMKC)
     
    Collections
    • Economics Electronic Theses and Dissertations (UMKC)
    • 2013 UMKC Dissertations - Freely Available Online

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