Introduction to development economics / Subrata Ghatak.

Previous ed.: 1994.

Includes bibliographical references (p. [415]-451) and index.

1.1 Introduction; 1.2 Characteristics of the less developed countries; 1.3 Types of markets in less developed countries; 1.4 Production conditions in less developed countries; 1.5 Growth and development; 1.6 Human development index; Appendix 1.1 Measurement of income inequality; Appendix 1.2 A note on production functions; PART I The economic theory of growth and development. 2 Growth Theories And Their Relevance To Less Developed Countries2.1 Introduction; 2.2 Classical scenario; 2.3 The Keynesian theory and less developed countries; 2.4 The Harrod-Domar model and its applications; 2.5 The neoclassical theory and less developed countries; 2.6 Marx's theory and less developed countries; 2.7 The Kaldor-Mirrlees model; 2.8 The neoclassical growth accounting formula and the new endogenous growth theory; 2.9 Differences in economic growth; Appendix 2.1 The basic equations of the neoclassical economic growth model; Appendix 2.2 Endogenous growth models. 3 Dual Economy Models3.1 Introduction; 3.2 The 'surplus' labour and its contribution to development; 3.3 The Fei-Ranis model; 3.4 The Jorgenson model; 3.5 Some extensions of the dual economy models: the Dixit-Marglin model; 3.6 The Kelly et al. model; 3.7 Dual economy models: a critique; Appendix 3.1 Employment and growth; Part II Investment, saving, foreign resources and industrialization in less developed countries; 4 Allocation Of Resources: Investment Criteria; 4.1 The need for investment criteria in less developed countries; 4.2 The capital turnover criterion. 4.3 The social marginal productivity criterion4.4 The maximization of the rate of creation of investible surplus principle; 4.5 The reinvestible surplus criterion; 4.6 Balanced and unbalanced growth; Appendix 4.1 The dichotomy between savings and output maximization and its solution; 5 Domestic Resources For Development; 5.1 Introduction; 5.2 The nature of money markets in less developed countries; 5.3 Money and economic growth; 5.4 Inflation and economic growth; 5.5 Financial liberalization in LDCs: causes and consequences; 5.6 Objectives of fiscal policy in less developed countries. 5.7 Fiscal policy and growth5.8 Deficit financing and less developed countries; 5.9 The tax structure in less developed countries; 5.10 Taxation and domestic resource mobilization in less developed countries: the evidence; 5.11 Tax reforms in less developed countries in the; 5.12 Budgetary deficits and Ricardian equivalence: the case of India; 6 Foreign Resources And Economic Development; 6.1 Introduction; 6.2 The concept of foreign resources; 6.3 Criteria for distribution of foreign resources; 6.4 Different types of foreign resource; 6.5 Dual-gap analysis and its evaluation.