A Macroeconomic Framework

Frances Stewart

Chapter 2 in Planning to Meet Basic Needs, 1985, pp 14-35 from Palgrave Macmillan

Abstract: Abstract If BN is to form a part of planning and policy formulation in LDCs, it is important to place it within the overall economic system. Below we develop a preliminary macroeconomic framework for this purpose. The framework has three aspects: first, a production aspect — which is institution neutral; secondly, an organisational aspect, which describes the productive activities according to their organisational setting; thirdly, an income framework which develops the income side of a BN-approach. This general economic system serves a number of purposes. It describes the set of important phenomena encountered in the BN-approach in a systematic fashion. The framework resembles a traditional national income accounting flow system which helps us to identify the behaviour of variables relevant for any rational analysis of BN. It also enables us to identify possible areas of intervention for planning and policy.

Keywords: Public Sector; Public Good; Income Distribution; Private Firm; Production Sector (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17731-8_2

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DOI: 10.1007/978-1-349-17731-8_2

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