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Book Cover
E-book
Author Caballero, Ricardo J

Title Specificity and the macroeconomics of restructuring / Ricardo J. Caballero
Published Cambridge, Mass. : MIT Press, ©2007

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Description 1 online resource (xii, 331 pages) : illustrations
Series Yrjö Jahnsson series
Yrjö Jahnsson lectures.
Contents Intro -- Contents -- Series Foreword -- Preface -- 1 Introduction -- 2 The Empirics of Aggregate Restructuring -- 3 The ''Fundamental Transformation'' -- 4 Efficient Restructuring -- 5 Inefficient Restructuring -- 6 Financial Market Specificity and Restructuring -- 7 Application: Structural Adjustment -- 8 Institutions, Interest Groups, and the Response of Markets and Technology -- 9 Application: Three Decades of Unemployment in Western Europe -- 10 Final Remarks -- Index
Summary A proposal that the notion of specificity-the idea that factors of production are not interchangeable-can provide a unified framework to analyze and understand a wide variety of macroeconomic phenomena stemming from the transactional environment and micro
Bibliography Includes bibliographical references and index
Notes English
Subject Technological innovations -- Economic aspects -- Mathematical models
Creative destruction -- Mathematical models
Asset specificity -- Mathematical models
Resource allocation -- Mathematical models
Resource allocation -- Mathematical models
Technological innovations -- Economic aspects -- Mathematical models
Unternehmen
Technische Innovation
Restrukturierung
Makroökonomie
Macro-economie.
Herstructurering.
Technische vernieuwing.
Form Electronic book
ISBN 128209856X
9781282098565
9780262269643
0262269643
9786612098567
6612098562
0262292246
9780262292245