Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity

Ekrem GÜL; Ünsal Ozan KAHRAMAN

Makale detayları

Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity

Yazarlar:

Ekrem GÜL | Ünsal Ozan KAHRAMAN

Yayıncı:

Sakarya University

Dergi:

Sakarya İktisat Dergisi 2015 Vol.4 Issue 4, pp.129-137

Belge Tipi:

Makale

Yayın Tarihi:

11/2015

Belge Dili:

Türkçe

Document ID (Org No.):

2000787770

Sıklık:

Üç Aylık

eISSN:

2147-1126

pISSN:

2147-0790

Özet:

 

Behind the most important tip how to analyze an economic phenomenon, event or
  policy and how to deal with the matter and which tools to use, while a total
  combination of instruments belonging to the economic theory are available, lies the
  fact that the discussed phenomenon has a long or short term character. One of the
  most important lessons we take from the economic literature is that obstacles on
  price mechanism such as the long-term price rigidities and contracts are removed and
  so the curve of aggregate supply is detected to be quite upright and therefore the total
  demand (shifting left or right that is to say increase or decrease) does not have much
  effect on the output. This intuition provides us an insight in laying emphasis on
  supply-side and needing to find other ways to move the upright supply curve right.
  This classical price mechanism approach, which regards economy as a matrix of
  prices, in which a large number of goods and services are in the same kind, has two
  key categories: growth and efficiency. The main issue in this picture, where each
  supply creates its own demand, is to increase the total supply (or more precisely to
  shift the curve of the long-term potential total supply to the right) or to reach the
  most effective cost and resource allocation which maximize the social welfare, while
  supply is used as a data. At this point, a total tool of microeconomics borrowed from
  classical economics stand in front of us. One of the most important shortages in the
  literature of capital controls is the fact that such a primary distinction is often not
  made and the microeconomics aspect of the matter is often not be included.

Makale detayları

Critique of Capital Controls in the Axis of Efficiency-Growth and Factor Productivity

Yazarlar: Ekrem GÜL | Ünsal Ozan KAHRAMAN

Yayıncı: Sakarya University

Dergi: Sakarya İktisat Dergisi 2015 Vol.4 Issue 4, pp.129-137

Belge Tipi: Makale

Yayın Tarihi: 11/2015

Belge Dili: Türkçe

Document ID (Org No.): 2000787770

Sıklık: Üç Aylık

eISSN: 2147-1126

pISSN: 2147-0790

Sayı

Yazarlar:

Ekrem GÜL | Ünsal Ozan KAHRAMAN

Yayıncı:

Sakarya University

Dergi:

Sakarya İktisat Dergisi 2015 Vol.4 Issue 4, pp.129-137

Belge Tipi:

Makale

Yayın Tarihi:

11/2015

Belge Dili:

Türkçe

Document ID (Org No.):

2000787770

Sıklık:

Üç Aylık

eISSN:

2147-1126

pISSN:

2147-0790