Privatization, Deregulation and the Macroeconomy
Subtitle: Measurement, Modelling and Policy
Publisher: Edward Elgar Publishing
Published: September 1996
Language: eng
Format: Hardcover
Number of pages: 241
ISBN-13: 9781858983479
Subjects: Macroeconomics; Privatization; Economic Policy; Business/Economics; Business / Economics / Finance; Development - Economic Development; Mathematical models; Deregulation; Microeconomics
Description: 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 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.