Definition: Structural Economists

Structural Economists - "economists, many of whom are affiliated with the United Nations Economic Commission for Latin America (ECLA) or HYPERLINK “http://www.eclac.cl/” Comision Econ ´ o-´ mica para America Latina y el Caribe (CEPAL), that emphasizes the necessity for long-run institutional and structural economic change–accelerating the growth of export earnings, improving the external terms of trade, increasing the supply elasticity of food output through land reform, reducing income inequality, and expanding the industrial sector and antimonopoly measures before shorter-term financial and exchange-rate policies would be effective." - source: Economic Development 4th Edition by E. Wayne Nafziger

No comments:

Post a Comment