Thesis (Ph. D.)--Dept. of Economics. University of Missouri--Kansas City, 2007. / "A dissertation in economics and social science consortium." Advisor: Frederic S. Lee. Typescript. Vita. Title from "catalog record" of the print edition Description based on contents viewed Dec. 19, 2007. Includes bibliographical references (leaves 216-240). Online version of the print edition.

Thesis (Ph. D.)--Ohio State University, 1983. / Includes bibliographical references (leaves 128-132). Available online via OhioLINK's ETD Center.

Afrika hat seinen berechtigten Platz auf der Weltbühne noch nicht gefunden. Ein wichtiger Grund dafür besteht darin, dass afrikanische Regierungen – im Gegensatz zu denen Chinas, Indiens, Brasiliens oder Indonesiens – nicht jene Maßnahmen ergriffen haben, die für das Entstehen eines Mittelstandes aus dem Gemenge von Millionen Armen wichtig sind. / Africa has not attained its justifiable place on the world stage. One of the reasons for this is because unlike China, India, Brazil or Indonesia, Africa’s governments have not done what is necessary to permit a middle class to arise out of its teeming millions of poor.

The objective of this case study on economic management in Brazil is to evaluate the scope and nature of political and ideological factors which affected the process of policy formation from the redemocratization of the country in 1945 until the breakdown of the democratic regime in 1964. Special emphasis is attributed to the reconstruction of the decision-making processes behind the formulation and execution of an agreed economic strategy intended to promote fast economic growth in the 1950's and to the analysis of the political and ideological factors which made acute disequilibria and recession unmanageable within the democratic framework, in the early 1960's. In order to account for the achievements and vicissitudes of economic management in Brazil we focus on the role and function of the state as the key agent in the process of rendering compatible the requirements imposed by economic necessity and the political priorities arising out of the structure and dynamics of the Brazilian political system. Special emphasis is given to the political actors located within the decision making system in particular the técnicos of differing political persuasions, their economic ideologies and their patterns of political action. The reconstruction of the process of policy formation in democratic Brazil is designed to contribute to the current debate on economic and non-economic determinants of the emergence of authoritarian regimes in Latin America. An introduction to our own approach to this question is provided in Chapter I, in connection with discussions current in the relevant literature. In Chapters II and III, we provide an historic reconstruction of the process of policy formation during the late 1940's and 1950's in order to show how technical knowledge and expertize were mobilized as political resources at the service of an economic strategy which shaped the present pattern of capital accumulation in Brazil. Chapter IV examines the political and ideological factors which explain the resumption of inflationary governmental behaviour and over-reliance on foreign debt in the expansionary phase of the economic cycle. In Chapters V, VI and VII we seek to account for the unmanageability of acute disequilibria and recession in the early 1960's through an analysis of the institutional framework and the extremely unstable political background within which any proponents of stabilization-cum-growth policies would have to act.

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The aim of this thesis is to study the behaviour of the money supply of Trinidad and Tobago during the period from 1797 to 1964, and to relate it to the economic development of the country. No attempt will be made to discuss the implications of the Central Bank of Trinidad. The study ends at the time when the Bank was set up. In the course of the thesis I have described the capital market institutions and given a historical account of the development of the monetary framework of the economy. Both this, and the empirical analysis of the operations of the main institutions - the Eastern Caribbean Currency Board and the commercial banks for the period 1946 - 1964, have not, to my knowledge, been done before. It is hoped that these sections will be of value to students of money and banking, planning further studies in this field. [...]

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This thesis analyzes the effects of external shocks and government policy responses on the current account in Kenya. We attempt to isolate two effects on the current account which arise from the impact of external shocks to the economy. The first one is attributed to a direct response by private agents to the shock. The second arises from the optimal response by the government to counteract the effects of the shock on the economy and depends on the government's objectives. It is hypothesized that these two effects can explain the behavior of the current account in many developing countries. / Much of the literature in developing countries ignores the indirect effect of government policy on private sector behavior and hence its effect on the current account. Moreover, the models emphasize empirical analysis with little or no theoretical foundation. / In this thesis, an intertemporal framework is postulated with rational optimizing agents. It is assumed that following an external shock, the rational behavior of economic agents is to adjust their production and spending behavior in an optimal manner. Depending on the degree of flexibility in the economy, the effect of this response is to reduce domestic absorption and thus improve the current account. At the same time, the government responds by undertaking policies which optimize its objectives given the shock. The overall effect may or may not improve the current account. / The reactions of both the government and the private sector are analyzed in the context of a game in which it is assumed that each agent takes the other's behavior into account when formulating economic decisions. Two types of equilibria are examined: a Nash non-cooperative concurrent game; and a non-cooperative Stackleberg structure. / The theoretical framework is along the lines of Conway who has undertaken a similar study for Turkey, a semi-industrialized economy. The model specification and the estimating equations are however modified to capture key features of the Kenyan economy. / The empirical results show that external shocks, particularly increases in the price of imported inputs and exchange rate devaluation have a contractionary effect on the Kenyan economy. Fox example, producers responded to an increase in the price of imported inputs by reducing the demand for the inputs as well as the demand for labor. As predicted by the theory, both the government and private agents responded to the shocks in an attempt to maximize their objectives. It is argued that the optimal responses of these agents are not necessarily in each other's interest implying that each agent will react to counteract the undesirable effects of the other's behavior. The interaction between the government and the private sector can be explained by a Stackleberg game structure where the government is the leader. Also, both the direct and indirect effects of the shocks are found to be important in explaining the behavior of the current account in Kenya.