Journal of Economic Studies: Volume 3 Issue 1

THE LEADING SECTOR DEVELOPMENT STRATEGY AND THE IMPORTANCE OF INSTITUTIONAL REFORM: A REINTERPRETATION

JAMES A. HANSON

The Leading Sector interpretation of development originates from the observation that all multisectoral economies exhibit a certain degree of intersectoral interdependence…

THE STRUCTURE OF PROTECTION IN COSTA RICA— A NEW APPROACH TO CALCULATING THE EFFECTIVE RATE OF PROTECTION

VICTOR BULMER‐THOMAS

This paper estimates the Effective Rate of Protection (E.R.P.) for Costa Rica, the first time such an estimate has been provided for any Central American Republic. It also employs…

ALTERNATIVE MEASURES OF EXCESS DEMAND FOR EXPLAINING MONEY WAGE INFLATION

G. BRISCOE, D.A. PEEL

Whilst it is generally agreed that the key determinant of the current money wage inflation is anticipated increases in prices, there remains a significant role for excess demand…

EMMANUEL ON UNEQUAL EXCHANGE: A MARXIST CONTRIBUTION ON TRADE RELATIONS BETWEEN RICH AND POOR

ANTHONY CLUNIES ROSS

Unequal Exchange (L'échange inégal) by Arghiri Emmanuel attempts a Marxist treatment of trade between poor and rich countries. Published with it are four appendices in which…

LONG‐TERM EFFICIENCY IN THE NEW ISSUE MARKET

G.D. NEWBOULD, S.J. STRAY, K.W. WILSON

Significant differences in efficiency among issuing houses existed in the period 1959—63. Against that background two hypotheses from industrial economics are tested: that…

INTERNAL BALANCE, EXTERNAL BALANCE AND RELATIVE SIZE

D. RODNEY THOM

In a recent contribution to this Journal, Imanuel Wexler and Stephen M. Miller (1975) analyse the appropriate policy measures by which a country can correct an external imbalance…

INTERNAL — EXTERNAL BALANCE AND RELATIVE SIZE: FURTHER COMMENTS

IMANUEL WEXLER, STEPHEN M. MILLER

In his commentary on our recent contribution, Rodney Thom (1976) singles out three points for discussion. He maintains that our model ignores (1) the relative size of economy…

INTERNAL BALANCE, EXTERNAL BALANCE AND RELATIVE SIZE : A REJOINDER

D. RODNEY THOM

There appear to be four points of disparity between my analysis and that of Wexler and Miller.