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This volume reports on the findings of a research program on new structural economics, conducted while Lin was a chief economist and senior vice president of the World Bank from 2008 to 2011. He attem

The ongoing process of revising and rethinking the foundations of economic theory leads to great complexities and contradictions at the heart of economics. ‘Economics of innovation’ provides a fertile

This book investigates the basic theoretical framework and conducts a logical analysis of China’s new supply-side economics, while also providing a strategic path to remedy the plight of China’s econo

This textbook offers a rigorous, calculus based presentation of the complexities of urban economics, which is suitable for students who are new to the subject. It focuses on structural details and exp

This textbook offers a rigorous, calculus based presentation of the complexities of urban economics, which is suitable for students who are new to the subject. It focuses on structural details and exp

Developing countries have for decades been trying to catch up with the industrialized high-income countries, but only a few have succeeded. Historically, structural transformation has been a powerful engine of growth and job creation. Traditional development aid is inadequate to address the bottlenecks for structural transformation, and is hence ineffective. In this book, Justin Yifu Lin and Yan Wang use the theoretical foundations of New Structural Economics to examine South-South development aid and cooperation from the angle of structural transformation. By studying the successful economic transformation of countries such as China and South Korea through 'multiple win' solutions based on comparative advantages and economy of scale, and by presenting new ideas and different perspectives from emerging market economies such as Brazil, India and other BRICS countries, they bring a new narrative to broaden the ongoing discussions of post-2015 development aid and cooperation as well as th

Developing countries have for decades been trying to catch up with the industrialized high-income countries, but only a few have succeeded. Historically, structural transformation has been a powerful engine of growth and job creation. Traditional development aid is inadequate to address the bottlenecks for structural transformation, and is hence ineffective. In this book, Justin Yifu Lin and Yan Wang use the theoretical foundations of New Structural Economics to examine South-South development aid and cooperation from the angle of structural transformation. By studying the successful economic transformation of countries such as China and South Korea through 'multiple win' solutions based on comparative advantages and economy of scale, and by presenting new ideas and different perspectives from emerging market economies such as Brazil, India and other BRICS countries, they bring a new narrative to broaden the ongoing discussions of post-2015 development aid and cooperation as well as th

Most of the established theories of economics, particularly of international trade, became obsolete in the new world trade and production architecture. How, in these new circumstances, will host natio

The past decade has seen many leading economies, especially the US, undergo profound structural transformations. Departing from the standard theories employed to explain this phenomenon, here author T

Starting from the key concept of geo-economics, this book sheds light on the new power politics and argues that the changing structural aspects of the international system are recasting

This book is unique among modern contributions to behavioral economics in presenting a grand synthesis between the kind of behavioral economics popularized by Richard Thaler, earlier approaches such as those of the 1978 Nobel Laureate Herbert Simon, evolutionary psychology, and evolutionary economics from Veblen and Marshall through to neo-Schumpeterian thinking. The synthesis employs a complex adaptive systems approach to how people think, the lifestyles they build, and how new production technologies and products are gradually adopted and produce changes. Using a huge range of examples, it takes behavioral economics from its recent focus on 'nudging' consumers, to the behavior of firms and other organizations, the challenges of achieving structural change and transitioning to environmentally sustainable lifestyles, and instability of the financial system. This book will be of great interest to academics and graduate students who seek a broader view of what behavioral economics is and

This book provides an account of developments and applications of social accounts. It concentrates particularly on the methods of social accounting that Richard Stone, Nobel Laureate in Economics, developed and applied during his long and distinguished career. The contributors to the volume examine applications of social accounts in economics and demography, addressing issues of new formulations and specifications at the national and regional levels. Economic structure and issues of structural change are investigated within the context of social accounts matrices, and Linear Expenditure Systems are used to model population change and household consumption. The importance of social accounts matrices (SAM) in generating Computable General Equilibrium (CGE) models and the enormous potential that both SAM and CGE models have for policy analysis are stressed.

This Element provides a detailed overview of the structural changes in the Asia-Pacific region from the early 2000s onwards. It reviews the most relevant literature on this important topic. The following two research areas are explored: first, by deploying visual network analysis (VNA), we analyse cross-border interbank claims and liabilities of the individual countries located in the Asia-Pacific region. Such an analysis evaluates interbank exposures to systematically important banks within the specific market. The important advantage of VNA is that it allows us to examine the 'hierarchical' cross-country interbank contagion risk that seems to have been neglected in similar studies. Secondly, we evaluate the contagion risk to the individual countries spreading from the financial centres in Hong Kong, Singapore, Tokyo, New York and London. The analysis unveils links and statistical factors that could be used as a key tool for detecting the potential triggers of systemic risk.

Economists from Europe and Latin America analyze financialization as a response to economic disequilibria from the perspectives of structural disequilibria in Europe: what to do; the forces of disequi

This book provides an account of developments and applications of social accounts. It concentrates particularly on the methods of social accounting that Richard Stone, Nobel Laureate in Economics, developed and applied during his long and distinguished career. The contributors to the volume examine applications of social accounts in economics and demography, addressing issues of new formulations and specifications at the national and regional levels. Economic structure and issues of structural change are investigated within the context of social accounts matrices, and Linear Expenditure Systems are used to model population change and household consumption. The importance of social accounts matrices (SAM) in generating Computable General Equilibrium (CGE) models and the enormous potential that both SAM and CGE models have for policy analysis are stressed.