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dc.contributor.authorHiç-Birol, Fatma Özlen
dc.contributor.authorHiç, Mükerrem
dc.date.accessioned2021-03-05T09:05:00Z
dc.date.available2021-03-05T09:05:00Z
dc.identifier.citationHiç-Birol F. Ö. , Hiç M., "A Short-Run Macroeconomic Model for Less Developed and Newly Industrializing Countries based on the Keynesian Aggregate Demand Function", The Global Science and Technology Forum Journal on Business Review (GTSF), cilt.2, no.2, ss.132-144, 2012
dc.identifier.othervv_1032021
dc.identifier.otherav_9c330a49-9ec1-4867-b2a8-0d6c807f4887
dc.identifier.urihttp://hdl.handle.net/20.500.12627/104961
dc.identifier.urihttps://avesis.istanbul.edu.tr/api/publication/9c330a49-9ec1-4867-b2a8-0d6c807f4887/file
dc.identifier.urihttps://doi.org/10.5176/2010-4804_2.2.194
dc.description.abstractDiscussions on macroeconomic systems, their relevance and validity mainly focused on Developed Countries. Survey of development literature, on the other hand, shows there was scanty direct effort to discuss which macroeconomic system or school was relevant for the Less Developed Countries (LDCs) and Newly Industrializing Countries NICs). Similarly, for instance, much of the more recent discussions concerning the implementation of market economy in these countries. Yet we long had three major blocks to build a macroeconomic model for LDCs and NICs. These were: the relevance of Keynesian aggregate demand, the excess labor and scarcity of capital, and the limited substitutability between labor and capital. The latter two gave rise to capital constraint for production and to technological unemployment. In addition, rigidities and non-automaticity of aggregate demand generally gave an inflationary gap and demand inflation alongside technological unemployment. This model is fundamentally Keynesian with special conditions surrounding the production function, supply and demand for labor taken into consideration. Going further, we may also add foreign exchange constraint to the capital constraint. Problems of LDCs and NICs, policy recommendations to achieve prudent financial management, and the more recent attempts to move towards the market economy and globalization can all be explained within this Keynesian framework.
dc.language.isoeng
dc.subjectİktisadi Tarih ve İktisadi Düşünceler Tarihi
dc.subjectEconomics and Econometrics
dc.subjectEconomics, Econometrics and Finance (miscellaneous)
dc.subjectGeneral Economics, Econometrics and Finance
dc.subjectSocial Sciences & Humanities
dc.subjectİktisat Politikası
dc.subjectİktisat Teorisi
dc.subjectİktisat
dc.subjectSosyal ve Beşeri Bilimler
dc.subjectEKONOMİ
dc.subjectEkonomi ve İş
dc.subjectSosyal Bilimler (SOC)
dc.titleA Short-Run Macroeconomic Model for Less Developed and Newly Industrializing Countries based on the Keynesian Aggregate Demand Function
dc.typeMakale
dc.relation.journalThe Global Science and Technology Forum Journal on Business Review (GTSF)
dc.contributor.departmentİstanbul Üniversitesi , İktisat Fakültesi , İngilizce İktisat Bölümü
dc.identifier.volume2
dc.identifier.startpage132
dc.identifier.endpage144
dc.contributor.firstauthorID2507070


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