Hardback
Privatization, Deregulation and the Macroeconomy
Measurement, Modelling and Policy
9781858983479 Edward Elgar Publishing
Privatization, Deregulation and the Macroeconomy focuses on the macroeconomic consequences of microeconomic rigidity in the markets for goods or services and the reforms necessary to create economic dynamism.
More Information
Critical Acclaim
Contents
More Information
Privatization, Deregulation and the Macroeconomy focuses on the macroeconomic consequences of microeconomic rigidity in the markets for goods or services and the reforms necessary to create economic dynamism.
Peter van Bergeijk and Robert Haffner address questions of how market structure, competition policy, over-regulation and collusive behaviour may influence macroeconomic performance. Drawing on many examples from the OECD countries (most notably, Germany, New Zealand, Australia and the Netherlands), Eastern Europe and the Third World, the authors show how economic policies intended to provide greater flexibility can be analysed. The authors examine the diagnosis or measurement of product market inertia at the mesoeconomic level and its consequences at the macroeconomic level such as employment, per capita income growth and price stability.
In Privatization, Deregulation and the Macroeconomy, Peter van Bergeijk and Robert Haffner deal not only with practical policy matters but also with the theoretical issues of how to determine price rigidity (hysteresis on the product markets) and their macroeconomic implications. This book will be welcomed by economists interested in industrial organization, macroeconomics, neo Keynesianism, development economics and transitional economies and will also be of interest to policymakers.
Peter van Bergeijk and Robert Haffner address questions of how market structure, competition policy, over-regulation and collusive behaviour may influence macroeconomic performance. Drawing on many examples from the OECD countries (most notably, Germany, New Zealand, Australia and the Netherlands), Eastern Europe and the Third World, the authors show how economic policies intended to provide greater flexibility can be analysed. The authors examine the diagnosis or measurement of product market inertia at the mesoeconomic level and its consequences at the macroeconomic level such as employment, per capita income growth and price stability.
In Privatization, Deregulation and the Macroeconomy, Peter van Bergeijk and Robert Haffner deal not only with practical policy matters but also with the theoretical issues of how to determine price rigidity (hysteresis on the product markets) and their macroeconomic implications. This book will be welcomed by economists interested in industrial organization, macroeconomics, neo Keynesianism, development economics and transitional economies and will also be of interest to policymakers.
Critical Acclaim
‘This is a useful book. It provides a good combination of theory, empirical and policy analysis. The book targets a broad audience and is of interest to both academics and policy analysts. . . . is a useful addition to the literature.’
– Dirk Pilat, De Economist
‘The book correctly insists that political and economic processes are inextricably interwoven, and views with excitement the new opportunities afforded by the economic modeling of political economy. Privatization, Deregulation and the Macroeconomy is an interesting and earnestly written book.’
– Kenneth Mischel, Business & the Contemporary World
‘Van Bergeijk and Haffner perform a useful service in reviewing and employing much of the current industrial organization literature peripherally related to their subject and dealing with a more limited body of macroeconomic writings.’
– J. Prager, Choice
‘They introduce a largely recently published literature in an interesting and highly accessible way, and direct readers with an interest in following up the studies cited. They show the scope for further economic research of real interest and practical value, which could appeal to economists with a wide range of interests. Those with an, as yet, uninformed interest in the scope and impact of structural adjustment for the macroeconomy will find this book well worth reading.’
– Robin G. Milne, Journal of Comparative Economics
‘The authors have, in the course of their work, read much of the literature, both academic and policy oriented, on the macroeconomic consequences of microeconomic rigidity and the costs and benefits of structural reform. This book reports the results of their efforts, and aims to “provide a unifying framework”.’
– Robert Alexander, Economic Record
‘. . . it is clearly written and tightly argued. By bringing together the relevant theory as well as a large amount of disparate empirical evidence, the authors have produced a book which will be useful to academics and practitioners alike.’
– R. Rothschild, The Economic Journal
– Dirk Pilat, De Economist
‘The book correctly insists that political and economic processes are inextricably interwoven, and views with excitement the new opportunities afforded by the economic modeling of political economy. Privatization, Deregulation and the Macroeconomy is an interesting and earnestly written book.’
– Kenneth Mischel, Business & the Contemporary World
‘Van Bergeijk and Haffner perform a useful service in reviewing and employing much of the current industrial organization literature peripherally related to their subject and dealing with a more limited body of macroeconomic writings.’
– J. Prager, Choice
‘They introduce a largely recently published literature in an interesting and highly accessible way, and direct readers with an interest in following up the studies cited. They show the scope for further economic research of real interest and practical value, which could appeal to economists with a wide range of interests. Those with an, as yet, uninformed interest in the scope and impact of structural adjustment for the macroeconomy will find this book well worth reading.’
– Robin G. Milne, Journal of Comparative Economics
‘The authors have, in the course of their work, read much of the literature, both academic and policy oriented, on the macroeconomic consequences of microeconomic rigidity and the costs and benefits of structural reform. This book reports the results of their efforts, and aims to “provide a unifying framework”.’
– Robert Alexander, Economic Record
‘. . . it is clearly written and tightly argued. By bringing together the relevant theory as well as a large amount of disparate empirical evidence, the authors have produced a book which will be useful to academics and practitioners alike.’
– R. Rothschild, The Economic Journal
Contents
Contents: Part I: Structural Change 1. On the Macroeconomic Consequences of Microeconomic Reform 2. Structural Change: The Policy Stance Part II: Industrial Economics 3. Economic Dynamism, Competition and the Structure-Conduct-Performance Paradigm 4. Measuring the Speed of the Invisible Hand Part III: Macroeconomics 5. Structural Rigidity, Macroeconomic Inefficiency and the Efficacy of Economic Policy 6. Modelling Strategies for Structural Reform Part IV: Policy 7. The Art of Reform 8. Combating Product Market Inertia: Some Conclusions Indexes
