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The Endogenization of Government Behaviour in Macroeconomic Models (Studies in Contemporary Economics) - Softcover
Synopsis
In chapter 2 we concluded that the present public choice and marxist approaches to the study of political processes, as far as relevant for the analysis of economic policy making, are unsatisfactory, for reasons of incoherency, insufficient empirical support, and lack of specificity~ It was suggested that a different approach to the subject might be fruitful. To that purpose, we now turn our attention to the so-called interest function approach to the study of politico-economic phenomena, that has been developed by Van Winden (1983). See also Van Winden (1987), Van Velthoven and Van Winden (1986). Without paying too much attention to the specific conduct of and intricate relationships between voters, politicians, bureaucrats and interest groups, the interest function approach intends to combine valuable elements of the marxist and public choice analyses. According to Van Winden (1983, p. 12) "this means that in studying the interaction between state and private sector, attention should be paid to: - social classes, and the impact of class/power relationships on political and economic processes; - the way that social power structures (involving the real control over state activities) are maintained or altered; - the relative autonomy of political processes (involving the state) and its consequences for, as well as its dependence on economic processes; - individual motivations; - the possibility of mathematical formalization. " Section 3. 2. will give a general introduction to the concepts and the line of argument of the interest function approach.
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The Endogenization of Government Behaviour in Macroeconomic Models
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Springer Berlin Heidelberg, 1989
ISBN 10: 3540509259
ISBN 13: 9783540509257
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Softcover
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Endogenization of Government Behaviour in Macroeconomic Models
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The Endogenization of Government Behaviour in Macroeconomic Models (Paperback)
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Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, Berlin, 1989
ISBN 10: 3540509259
ISBN 13: 9783540509257
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Paperback
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Paperback. Condition: new. Paperback. In chapter 2 we concluded that the present public choice and marxist approaches to the study of political processes, as far as relevant for the analysis of economic policy making, are unsatisfactory, for reasons of incoherency, insufficient empirical support, and lack of specificity~ It was suggested that a different approach to the subject might be fruitful. To that purpose, we now turn our attention to the so-called interest function approach to the study of politico-economic phenomena, that has been developed by Van Winden (1983). See also Van Winden (1987), Van Velthoven and Van Winden (1986). Without paying too much attention to the specific conduct of and intricate relationships between voters, politicians, bureaucrats and interest groups, the interest function approach intends to combine valuable elements of the marxist and public choice analyses. According to Van Winden (1983, p. 12) "this means that in studying the interaction between state and private sector, attention should be paid to: - social classes, and the impact of class/power relationships on political and economic processes; - the way that social power structures (involving the real control over state activities) are maintained or altered; - the relative autonomy of political processes (involving the state) and its consequences for, as well as its dependence on economic processes; - individual motivations; - the possibility of mathematical formalization. " Section 3. 2. will give a general introduction to the concepts and the line of argument of the interest function approach. The purpose of this book is to discuss the issues involved in and to make a contribution to the endogenization of public sector behaviour in macroeconomic models. To that end, the traditional theory of economic policy is critically reviewed as well as the existing literature on the impact of politics on (macro)economic policy. It is argued that Van Windens' interest function approach offers a more useful and valuable entry to the analysis of public sector decision making. It gives a coherent, yet condensed picture of the impact of the various social classes on economic policy. Using this approach an explanatory model of public sector decision making is developed, which yields behavioural equations for public expenditure, public employment and taxation that appear to be suited for insertion in a macroeconomic model. Application of the model to data for the Netherlands shows that the model can be provided with empirical support and that the power structure of society can be proxied by the relative numerical strengths of the economically active social classes. Taking the latter finding for granted, a fully closed model of politico-economic interaction is obtained. The model is further generalized to account explicitly for the social security system and its income transfers, and to allow for multi-period decision making on bond financed budget deficits/surpluses. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9783540509257
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The Endogenization of Government Behaviour in Macroeconomic Models (Studies in Contemporary Economics)
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The endogenization of government behaviour in macroeconomic models. Studies in contemporary economics;
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Berlin ; Heidelberg ; New York ; London ; Paris ; Tokyo : Springer, 1989
ISBN 10: 3540509259
ISBN 13: 9783540509257
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The Endogenization of Government Behaviour in Macroeconomic Models (Studies in Contemporary Economics)
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The Endogenization of Government Behaviour in Macroeconomic Models
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Springer, Springer Mär 1989, 1989
ISBN 10: 3540509259
ISBN 13: 9783540509257
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -In chapter 2 we concluded that the present public choice and marxist approaches to the study of political processes, as far as relevant for the analysis of economic policy making, are unsatisfactory, for reasons of incoherency, insufficient empirical support, and lack of specificity~ It was suggested that a different approach to the subject might be fruitful. To that purpose, we now turn our attention to the so-called interest function approach to the study of politico-economic phenomena, that has been developed by Van Winden (1983). See also Van Winden (1987), Van Velthoven and Van Winden (1986). Without paying too much attention to the specific conduct of and intricate relationships between voters, politicians, bureaucrats and interest groups, the interest function approach intends to combine valuable elements of the marxist and public choice analyses. According to Van Winden (1983, p. 12) 'this means that in studying the interaction between state and private sector, attention should be paid to: - social classes, and the impact of class/power relationships on political and economic processes; - the way that social power structures (involving the real control over state activities) are maintained or altered; - the relative autonomy of political processes (involving the state) and its consequences for, as well as its dependence on economic processes; - individual motivations; - the possibility of mathematical formalization. ' Section 3. 2. will give a general introduction to the concepts and the line of argument of the interest function approach. 380 pp. Englisch. Seller Inventory # 9783540509257
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The Endogenization of Government Behaviour in Macroeconomic Models
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The Endogenization of Government Behaviour in Macroeconomic Models
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Springer Berlin Heidelberg, 1989
ISBN 10: 3540509259
ISBN 13: 9783540509257
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. In chapter 2 we concluded that the present public choice and marxist approaches to the study of political processes, as far as relevant for the analysis of economic policy making, are unsatisfactory, for reasons of incoherency, insufficient empirical suppor. Seller Inventory # 4891764
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The Endogenization of Government Behaviour in Macroeconomic Models
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Condition: New. Print on Demand pp. 380 12 Figures, 67:B&W 6.69 x 9.61 in or 244 x 170 mm (Pinched Crown) Perfect Bound on White w/Gloss Lam. Seller Inventory # 44780881
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