Population pressure and agricultural change in the land‐intensive economy

Boserup's view that population pressure is an important determinant of technical change in agriculture is examined in the context of Sierra Leone. Population density is misleading when used as an indicator of population pressure, at least in conditions where cultivation is mainly of the ‘cut and burn’ type. The ratio of population to labour is suggested as an alternative on the basis of a theoretical definition of the term ‘pressure’, and on the whole it provides a good explanation of the variation in resource use.     

The impact of the Owen falls hydro‐electric project on the economy of Uganda 1

Inflation induced by an increase in the money supply may be conducive to economic growth, because it can be positively related to the savings ratio. This relationship is, however, limited by a certain rate of money supply which is associated with the maximum overall savings ratio. Treating money as a consumers’ good based upon Levhari‐Patinkin [1968], this study estimates a quadratic‐form savings function using international cross‐section data. It shows that the optimal rates of money supply are 11–12 per cent and 6–8 per cent in underdeveloped and developed countries respectively.     

Oil price shocks and policy responses in the post‐reform Chinese economy

This study analyses the impact of the 1986 oil price shock on China and the policy options for accommodating the shock. A computable general equilibrium model is used to capture the complex interactions in the Chinese economy in response to the shock. Interpreted in the theoretical framework of the ‘Booming Sector’ model, the results of the model provide insights on both the real and monetary effects of the shock, and suggest that a combination of policy instruments such as a cut in real absorption, depreciation of the official exchange rate and tight monetary control are required to facilitate adjustment.     

The 1950s—the triumph of the Soviet economy

The frequent assertions in both Russian and Western economic literature and the broader press that the command economy is not viable are based on data showing the inefficient use of material and labour resources in the pre-war period and the continuous decline in the rate of economic growth and the efficiency of resource use in the 1960s–1980s. Yet it is a long way from observing these facts to confirming the failure of the command economy. Before the political system of the USSR began to collapse in 1990–91 there had been no prolonged absolute fall in GDP nor, in the post-war period, in the standard of living of the population, nor had technical progress come to a halt as it did, for example, in the 1990s after the rejection of the command economy. Compared with the latter period it is justifiable to talk of the indisputable advantages of the command over the market economy in Russian conditions, if of course we do not consider (for which there are some grounds) the enormous difficulties of the Russian economy in the 1990s to be consequences of a protracted transformation crisis. I would like to draw attention to the fact that these advantages are evident even in comparison with the degenerate mid-1980s version of the command economy, which was very different from the classical model.     

The shadow value of migrant remittances,income and inequality in a household‐farm economy

This article offers econometric evidence that income remittances sent home by family migrants stimulate household‐farm incomes indirectly by relieving credit and risk constraints on household‐farm production. A high but unequally distributed shadow value of migrant remittances appears to reinforce an equalising direct effect of remittances on the income distribution across a sample of household‐farms in rural Mexico.     

Regional and technological dualism: A dual‐dual development framework applied to Puerto Rico

A ‘dual‐dual’ framework is proposed which captures the prevailing regional dualism (between rural and urban areas) and technological dualism (between traditional and modern techniques). Six interdependent sectors are specified: 1) urban formal, 2) urban informal, 3) rural non‐farm formal, 4) rural non‐farm informal, 5) rural farm formal, and 6) rural farm informal. The framework is applied to the case of Puerto Rico and its experience with an ‘industrialisation‐first’ development strategy between 1950 and 1970. It is shown that this framework lends itself well to the analysis of such issues as the pattern of employment, migration, and income distribution among regions and sectors.     

The war‐making state and privatisation

States, created with the central purpose of defending national independence, resist the process of macro‐economic reform since it appears to limit their power to pursue this aim. The states of the former Centrally Planned Economies were marked out by their extreme subordination to the military drive, so the resistance to reshaping the ‘war‐making state’ into a ‘market‐facilitating state’ is considerable. The transition tends to be halted where the old structures of central control are ended without markets supplying alternative imperatives — a ‘rent‐seeking state’ is created. These themes are examined in relationship to privatisation of state owned enterprises in four countries: Russia, China, Vietnam and the Ukraine.