Economics Theses and Dissertations
Permanent URI for this collectionhttp://hdl.handle.net/1903/2763
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Item Economic Development in Southern Italy Since the Establishment of La Cassa per il Mezzogiorno(1965) De Bone, Anthony Louis; Bennett, Robert L.; Economics; Digital Repository at the University of Maryland; University of Maryland (College Park, Md)The study begins with a survey of the social and economic structure of the area. Attention is then focused on the nature of economic dualism in Italy by pointing out that the Northern economy yields to those employed in it a reasonably high income per capita, while the Southern economy provides for those working in it a low income per capita. In 1950 the Italian Government undertook to increase the level of public investments under a ten-year development plan for the South. It entrusted the execution of this plan to a new agency, La Cassa per il Mezzogiorno . Its life was soon extended to 1965 and more recently to 1980. The ultimate goal of the program was to reduce the differences in the consumption and income levels between the North and the South and to integrate the South into the national economy. Southern developments since 1950 and their effects on the economy are discussed, with emphasis on the Cassa programs and investments. It is discovered that many serious obstacles must be overcome in order to change the economic structure of a region such as Southern Italy. Despite the large transfer of resources to this area, The economic structure has changed little since 1950. However, whatever judgment may be passed on the Cassa at a later date, it is apparent that until now production has been concentrated in those sectors that offer relatively little possibility of rapid growth.Item A Monetary Base Analysis and Control Model for Turkey(1976) Gursel, Haluk Ferden; Bennett, Robert L.; Economics; Digital Repository at the University of Maryland; University of Maryland (College Park, Md)A monetary base analysis and control model is the focus of the paper. In the first chapter, the monetary base approach is presented and the links between monetary base, money supply and money income are shown. Further, the monetary policy problems of the developing countries are reviewed. The second chapter describes the institutional framework for Turkey. Here, as background information, the Central Bank, the Treasury and the State Economic Enterprises are examined from a monetary policy viewpoint. Also the stability of prices, the credit system, interest rates, money and security markets and foreign sector developments in recent decades are summarized. In the third chapter, the model which highlights the essentials of monetary base control is constituted. Here, the "direct" control of reserve money sources is suggested, and given the exogenously determined components of reserve money sources, the limits on the range of deliberate Central Bank-Treasury asset changes, through exchange rate, rediscount rate, open market interventions, etc., are estimated. The recommended use of the policy variable defined is explained in the last chapter.Item The State of Education in Afghanistan and the Application of a Linear Programming Model(1969) Ulfat, Abderrahman; Bennett, Robert L.; Economics; Digital Repository at the University of Maryland; University of Maryland (College Park, Md)In this study the role of education in economic development is briefly discussed; the state of education in Afghanistan is assessed and compared with a group of Asian countries. Through the application of a constrained maximization model the rate of return to primary education in Afghanistan is obtained. Discounted streams of income and cost, associated with different levels of education, were used as the coefficients of the equation which was set to maximize the return to education; the different categories of students and the needed teachers constrained the maximization of the afore-mentioned equation. The model thus described was also dynamic-given a group of youngsters it advanced them to higher levels of education and also generated the required number of teachers from those students. Education in the elementary level is found to be a profitable investment for Afghanistan to undertake. The rate of return to six years of education in this model is more than five percent and for the first three years it is more than ten percent.