Economic Structure and Policy

1. Front Matter

   Pages i-xix

   PDF

2. An Overview

   1. Front Matter

      Pages 1-1

      PDF

   2. Models, Projections and Policies

      • T. S. Barker

      Pages 3-14

   3. An Overview of the Model

      • T. S. Barker

      Pages 15-53

   4. Solving the Model

      • D. A. Livesey

      Pages 54-86

3. The Model: Specification and Estimation

   1. Front Matter

      Pages 87-87

      PDF

   2. Personal Consumption

      • A. S. Deaton

      Pages 89-105

   3. Investment

      • A. W. A. Peterson

      Pages 107-130

   4. Exports

      • L. A. Winters

      Pages 131-161

   5. Imports

      • T. S. Barker

      Pages 162-176

   6. Employment

      • A. W. A. Peterson

      Pages 177-193

   7. Prices and Profits

      • J. A. Beath

      Pages 194-219

   8. Incomes and Expenditures

      • V. H. Woodward

      Pages 220-228

   9. Company Profits, Dividends and Retentions

      • M. A. King

      Pages 229-263

4. Applications: The British Economy in1980

   1. Front Matter

      Pages 265-265

      PDF

   2. The British Economy in 1980: A Standard View

      • T. S. Barker, V. H. Woodward

      Pages 267-294

   3. Alternative Economic Environments

      • V. H. Woodward

      Pages 295-335

   4. Alternative Taxation Systems and their Incidence

      • M. A. King

      Pages 336-355

   5. Budgetary Policy, Public Expenditure and the Balance of Payments

      • V. H. Woodward

      Pages 356-370

   6. Alternative Economic Policies

      • T. S. Barker

      Pages 371-394

Since the first statement of the aims and methods of the Cambridge Growth Project, which appeared in 1962 as the first number of our former series A Programme for Growth, we have produced a volume on the state ofthe model and on projections derived from it at roughly five year intervals: Exploring 1970 (1965), Exploring 1972 (1970) and now the present book. A comparison of these publications shows the directions in which we have developed our model. First, we have been able to model more parts of the economy and to model them better; and, second, by adopting a targets-and-instruments approach, we have been able to tackle questions of policy. As a consequence of the first of these improvements, the model has become more closely knit and variables which were previously exogenous have become endogenous; and, as a consequence of the second, the model has become less rigid and can be used to suggest policies for correcting some ofthe undesir­ able features that emerge from the projections.

• accounting
• algorithms
• assessment
• consumer
• economic policy
• economy
• energy
• growth
• inflation
• investment
• labour
• planning
• production
• science and technology
• social choice

• Department of Applied Economics, University of Cambridge, UK

  Terence S. Barker

Policies and ethics