Price Policies and Economic Growth - (Contributions to the Study of Science) by Unknown (Hardcover)

About the Book

An understanding of price structures and their impact on trade, productivity, and other related factors will aid in formulation of price policies promoting economic growth and development. Price formulation issues are examined within the context of nonmarket and imperfect market conditions, providing insightful linking of exchange rates and domestic prices to a wide array of factors that determine economic growth. Different facets of primary commodity price formation are explored, arriving at such conclusions as the fact that the dramatic rise in oil prices during the 1970s had little to do with the Latin American debt crisis or with the world recession that followed. Some new techniques for analysis are used, and commonly used techniques in price comparison studies are discussed.

Book Synopsis

An understanding of price structures and their impact on trade, productivity, and other related factors will aid in formulation of price policies promoting economic growth and development. Price formulation issues are examined within the context of nonmarket and imperfect market conditions, providing insightful linking of exchange rates and domestic prices to a wide array of factors that determine economic growth. Different facets of primary commodity price formation are explored, arriving at such conclusions as the fact that the dramatic rise in oil prices during the 1970s had little to do with the Latin American debt crisis or with the world recession that followed. Some new techniques for analysis are used, and commonly used techniques in price comparison studies are discussed.

Review Quotes

"This anthology should be of interest not only to eonomists, but also to historians and other social scientists in Latin American development since World War II....[a] collection of superior papers on price structures and policies and their relation to economic growth....The studies should prove useful to the economic historian of the post-World War II period as well as to those involved in price formulation policies in the future."-South Eastern Latin Americanist

?This anthology should be of interest not only to eonomists, but also to historians and other social scientists in Latin American development since World War II....[a] collection of superior papers on price structures and policies and their relation to economic growth....The studies should prove useful to the economic historian of the post-World War II period as well as to those involved in price formulation policies in the future.?-South Eastern Latin Americanist

About the Author

ANTONIO JORGE is Professor in the Departments of International Research and of Economics at Florida International University, and a Senior Research Scholar at the University of Miami.

JORGE SALAZAR-CARRILLO is Professor of Economics and Director of the Center of Economic Research at Florida International University. Dr. Salazar-Carrillo has published Oil and Development in Venezuela During the Twentieth Century (Praeger, 1994), among other books and journal articles.