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Economics in Theory and Practice: An Eclectic Approach

Essays in Honor of F. G. Adams

  • Lawrence R. Klein
  • Jaime Marquez

Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 17)

Table of contents

  1. Front Matter
    Pages i-xii
  2. Frontiers in Forecasting and Econometric Modelling

  3. Trade, Debt, and Development

  4. Industrial Organisation and Government Policy

    1. Front Matter
      Pages 177-177
    2. James M. Griffin
      Pages 179-206
    3. Leslie E. Grayson, Robert K. Morris
      Pages 207-225
  5. Back Matter
    Pages 249-269

About this book

Introduction

Lawrence Klein, University of Pennsylvania Jaime Marquez, Federal Reserve BoarrI* All examination of the economics literature over the last twenty years reveals a marked tendency towards polarisation. On the one hand, there has been a propensity to develop theoretical models which have little connection with either empirical verification or problems requiring immediate attention. On the other iland, empirical analyses are generally typified by testing for its own sake, with limited examination of the implications of the results. As a result, the number of papers confronting theory with facts towards the solution of economic problems has been on the decline for years. To fill this growing gap in the literature, we have invited a number of authors to write papers using both theoretical and empirical techniques to address current issues of interest to the profession at large: the US trade deficit and the global implications of policies that attempt to reduce it, the international ramifications of the debt crisis, the international oil market and its implications for the US oil industry, and the development of new econometric techniques. In addressing these issues, each author has approached the subject matter from an eclectic standpoint - that is, avoiding strict adherence to a given doctrine.

Keywords

Developing Countries Simulation development econometrics foreign trade international trade

Editors and affiliations

  • Lawrence R. Klein
    • 1
  • Jaime Marquez
    • 2
  1. 1.Department of EconomicsUniversity of PennsylvaniaUSA
  2. 2.Division of International FinanceFederal Reserve BoardUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-009-0463-7
  • Copyright Information Springer Science+Business Media B.V. 1989
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-6693-8
  • Online ISBN 978-94-009-0463-7
  • Series Print ISSN 1570-5811
  • Buy this book on publisher's site
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