{"title":"Moazam Mahmood","description":null,"products":[{"product_id":"three-regularities-in-development-book-moazam-mahmood-9783319769585","title":"The Three Regularities in Development","description":"The financial crisis in advanced economies and its impact on developing countries has put the longer term agenda of development – structural transformation of countries, of their growth, jobs, poverty and distribution – on the analytic and policy backburner. Day to day management of macro fundamentals in the global economy and the labour market have consumed decision makers with faltering GDP growth, soaring unemployment, and a resurgent threat of deflation. Without understanding and addressing the structural constraints and imbalances underpinning such global problems, the world economy is doomed to experience an increasing number of crises and emerging dualisms between countries.    The aim of this book is to bring back a balance to the development debate by re-focusing on the structural development challenges faced by developing countries. The book develops a coherent analytical framework supported by a large body of new empirical evidence linking three core dimensions – thestructure of growth, employment, and their macro drivers. Then, for each of these dimensions and relationships a variety of effective policies are also identified and elucidated with the added granularity of country cases.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":49738776969489,"sku":"NGR9783319769585","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52478359601425,"sku":"NLS9783319769585","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/3319769588.jpg?v=1750870485"},{"product_id":"growth-jobs-and-poverty-in-sub-saharan-africa-book-moazam-mahmood-9783030915735","title":"Growth, Jobs and Poverty in Sub-Saharan Africa","description":"Sub-Saharan Africa (SSA) should not be defined by the structural parameters and opportunities of low-income countries, given that it also comprises a number of higher-income countries.","brand":"WoB","offers":[{"title":"- \/ - \/ INTERNAL","offer_id":52402946965777,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52402947588369,"sku":"NLS9783030915735","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9783030915735.jpg?v=1758759481"},{"product_id":"three-regularities-in-development-book-moazam-mahmood-9783030083342","title":"The Three Regularities in Development","description":"The financial crisis in advanced economies and its impact on developing countries has put the longer term agenda of development – structural transformation of countries, of their growth, jobs, poverty and distribution – on the analytic and policy backburner. Day to day management of macro fundamentals in the global economy and the labour market have consumed decision makers with faltering GDP growth, soaring unemployment, and a resurgent threat of deflation. Without understanding and addressing the structural constraints and imbalances underpinning such global problems, the world economy is doomed to experience an increasing number of crises and emerging dualisms between countries.    The aim of this book is to bring back a balance to the development debate by re-focusing on the structural development challenges faced by developing countries. The book develops a coherent analytical framework supported by a large body of new empirical evidence linking three core dimensions – thestructure of growth, employment, and their macro drivers. Then, for each of these dimensions and relationships a variety of effective policies are also identified and elucidated with the added granularity of country cases.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52656586457361,"sku":"NLS9783030083342","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9783030083342.jpg?v=1762225236"},{"product_id":"explaining-pakistans-long-run-growth-book-moazam-mahmood-9783031866760","title":"Explaining Pakistan’s Long-Run Growth","description":"This book explains the behaviour of output and its growth over time. It does so by deliberating over a choice among three fundamental models—the Samuelson-Swan-Solow neoclassical model, the Harrod-Domar model and the Keynesian model—to choose one fit for purpose. The criteria for goodness of fit are some mathematical properties of growth models. The model chosen for meeting these properties is the Keynesian model, which is a bit better on all these counts.    The chosen Keynesian model of aggregate demand has been used to explain the observed behaviour of Pakistan’s long-run growth of gross domestic product (GDP). Pakistan’s GDP growth over the long run between 1973 and 2019 is marked by a statistically significant hiatus at approximately 1992. Pre-1992, GDP growth on trend approximated 6 percent per annum. Post-1992, it drops on trend to approximately 4 percent per annum. Applied to the hiatus in Pakistan’s GDP growth after 1992, this model shows that pre-1992, high GDP growth is explained by high investment growth, paired with a low marginal propensity to consume (MPC), while post-1992, lowered GDP growth is explained by lower investment growth paired with a higher MPC. Thus, Pakistan’s higher GDP growth pre-1992 was investment-led while its lower GDP growth post-1992 has been consumption-led.    The book then traces the causality of these trends in investment and consumption to a falling trend in public investment. This is linked to an increasingly austere regulatory policy environment, while private investment fails to step in and maintain aggregate investment.","brand":"WoB","offers":[{"title":"- \/ - \/ INTERNAL","offer_id":52662917300497,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52662917890321,"sku":"NLS9783031866760","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9783031866760.jpg?v=1770288362"},{"product_id":"growth-jobs-and-poverty-in-sub-saharan-africa-book-moazam-mahmood-9783030915766","title":"Growth, Jobs and Poverty in Sub-Saharan Africa","description":"Sub-Saharan Africa (SSA) should not be defined by the structural parameters and opportunities of low-income countries, given that it also comprises a number of higher-income countries.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52671471190289,"sku":"NLS9783030915766","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9783030915766.jpg?v=1762292373"}],"url":"https:\/\/www.worldofbooks.com\/collections\/author-books-by-moazam-mahmood.oembed","provider":"World of Books ","version":"1.0","type":"link"}