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- Structuralist_economics abstract "Structuralist economics is an approach to economics that emphasizes the importance of taking into account structural features (typically) when undertaking economic analysis. The approach originated with the work of the Economic Commission for Latin America (ECLA or CEPAL) and is primarily associated with its director Raúl Prebisch and Brazilian economist Celso Furtado. 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 the developed world. The alleged declining terms of trade of the developing countries, the Singer–Prebisch hypothesis, played a key role in this .Dutt and Ros (2003, p. 55) 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 is that the price mechanism fails as an equilibrating mechanism, to deliver steady growth, to produce a "desired" income distribution.Nixson (p. 454) reports Bitar's (1988) argument that there had become a broad consensus on what amounted to the neostructuralist approach. This included the recognition of: the importance of political and institutional factors in the analysis of economic problems. 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 inflation as a "social phenomenon" requiring for its elimination social, psychological and political-institutional changes, as well as orthodox monetary and fiscal policies. the false nature of dilemmas between for example ISI and EOI — planning and the market — agriculture and industry. the need to strengthen the productive and technological base. the importance of trying to improve the terms on which countries are integrated into the global economy and to improve international competitiveness. structural adjustment as only one component of structural change.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 structuralists would trace the origins of their approach to Kalecki's (1970) Problems of Financing Economic Development in a Mixed Economy. 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 Social Accounting Matrices (SAMs) (an extension to input-output tables) are often used. Lance Taylor (2004) has provided both a technical introduction to a form of structuralist economics and critique of more mainstream approaches.".
- Structuralist_economics wikiPageID "15259112".
- Structuralist_economics wikiPageLength "5546".
- Structuralist_economics wikiPageOutDegree "23".
- Structuralist_economics wikiPageRevisionID "652841077".
- Structuralist_economics wikiPageWikiLink Category:Development.
- Structuralist_economics wikiPageWikiLink Category:Development_economics.
- Structuralist_economics wikiPageWikiLink Category:Development_studies.
- Structuralist_economics wikiPageWikiLink Category:Economic_development.
- Structuralist_economics wikiPageWikiLink Category:Heterodox_economics.
- Structuralist_economics wikiPageWikiLink Celso_Furtado.
- Structuralist_economics wikiPageWikiLink Dependency_theory.
- Structuralist_economics wikiPageWikiLink Developmentalism.
- Structuralist_economics wikiPageWikiLink Export-oriented_industrialization.
- Structuralist_economics wikiPageWikiLink Gustavo_Garza_Villarreal.
- Structuralist_economics wikiPageWikiLink Import_substitution_industrialization.
- Structuralist_economics wikiPageWikiLink Input-output_analysis.
- Structuralist_economics wikiPageWikiLink Input–output_model.
- Structuralist_economics wikiPageWikiLink Justin_Yifu_Lin.
- Structuralist_economics wikiPageWikiLink Kalecki.
- Structuralist_economics wikiPageWikiLink Lance_Taylor_(economist).
- Structuralist_economics wikiPageWikiLink Michał_Kalecki.
- Structuralist_economics wikiPageWikiLink Neoclassical_economics.
- Structuralist_economics wikiPageWikiLink Prebisch–Singer_hypothesis.
- Structuralist_economics wikiPageWikiLink Raúl_Prebisch.
- Structuralist_economics wikiPageWikiLink Singer–Prebisch_thesis.
- Structuralist_economics wikiPageWikiLink Social_accounting_matrix.
- Structuralist_economics wikiPageWikiLink Terms_of_trade.
- Structuralist_economics wikiPageWikiLink United_Nations_Economic_Commission_for_Latin_America_and_the_Caribbean.
- Structuralist_economics wikiPageWikiLink World_Bank_Chief_Economist.
- Structuralist_economics wikiPageWikiLinkText "Structuralist economics".
- Structuralist_economics wikiPageWikiLinkText "economic structuralism".
- Structuralist_economics wikiPageWikiLinkText "economics".
- Structuralist_economics wikiPageWikiLinkText "structural economic".
- Structuralist_economics wikiPageWikiLinkText "structural inflation".
- Structuralist_economics wikiPageWikiLinkText "structuralism".
- Structuralist_economics wikiPageWikiLinkText "structuralist economics".
- Structuralist_economics wikiPageWikiLinkText "structuralist".
- Structuralist_economics hasPhotoCollection Structuralist_economics.
- Structuralist_economics wikiPageUsesTemplate Template:Reflist.
- Structuralist_economics wikiPageUsesTemplate Template:Schools_of_economic_thought.
- Structuralist_economics subject Category:Development.
- Structuralist_economics subject Category:Development_economics.
- Structuralist_economics subject Category:Development_studies.
- Structuralist_economics subject Category:Economic_development.
- Structuralist_economics subject Category:Heterodox_economics.
- Structuralist_economics hypernym Approach.
- Structuralist_economics type ProgrammingLanguage.
- Structuralist_economics type Socioeconomic.
- Structuralist_economics type Study.
- Structuralist_economics comment "Structuralist economics is an approach to economics that emphasizes the importance of taking into account structural features (typically) when undertaking economic analysis. The approach originated with the work of the Economic Commission for Latin America (ECLA or CEPAL) and is primarily associated with its director Raúl Prebisch and Brazilian economist Celso Furtado.".
- Structuralist_economics label "Structuralist economics".
- Structuralist_economics sameAs Strukturalismus_(Wirtschaftstheorie).
- Structuralist_economics sameAs m.03hng4k.
- Structuralist_economics sameAs Q16909499.
- Structuralist_economics sameAs Q16909499.
- Structuralist_economics wasDerivedFrom Structuralist_economics?oldid=652841077.
- Structuralist_economics isPrimaryTopicOf Structuralist_economics.