The Economic Basis of Peace: Linkages between Economic Growth and International Conflict

By William H. Mott IV | Go to book overview

Appendix J: On Static Models

Kubo, Robinson, and Syrquin use this approach in developing a generic "Static Input-Output Model," which decomposes and relates national output and economic structure. They recognize the limitations of the model, specifically for dealing with investment and changes in productivity, and note that the effect of technological change on productivity is "quite different from that captured by changes in input-output coefficients, although the effects may be related. . . . No explanation of the source of such changes in labor productivity is offered [by the static model]."1

Comparative static analysis does not account for forces that may be not only shifting the economic structure of a nation, but altering the growth processes operating within that structure. Analysis of this sort of growth requires a dynamic analytical model that considers both quantitative input- output relationships and qualitative aspects of economic growth.

The computable general equilibrium (CGE) model developed by Kubo, Robinson, and Syrquin expands the static model to nonlinear functions; simulates operations of markets for labor, goods, and foreign exchange; introduces behavioral and technological assumptions; and incorporates a recursive mechanism for dealing with intertemporality. This basic CGE model eventually converges to a "growth path with equilibrium characteristics."2

An alternative extension of the static input-output model incorporates capital accumulation, but omits incentives and market dynamics. 3 While static models can be both arcane and sophisticated, they seem inherently unable to deal well with qualitative or subjective variables, such as technology, knowledge, innovation, or productivity. 4


NOTES
1.
Yuji Kubo, Sherman Robinson & Moshe Syrquin, "The Methodology of Multisector Comparative Analysis," in Hollis B. Chenery, Sherman Robinson & Moshe Syrquin , eds., Industrialization and Growth ( New York: Oxford University Press for

-257-

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The Economic Basis of Peace: Linkages between Economic Growth and International Conflict
Table of contents

Table of contents

  • Recent Titles in Contributions in Economics and Economic History ii
  • Title Page iii
  • Contents v
  • Preface vii
  • Acknowledgments xi
  • 1 - Introduction 1
  • Notes 6
  • 2 - Historical Perspectives 9
  • Notes 30
  • 3 - Theoretical Approaches 37
  • Notes 97
  • 4 - An Empirical Approach 107
  • Notes 164
  • 5 - A Quandary and a Conjecture 171
  • Notes 188
  • 6 - What It All Means 193
  • Notes 229
  • Appendix A: On Economic Stagnation 237
  • Notes 238
  • Appendix B: On the Three Traditions 239
  • Notes 240
  • Appendix C: On Long Waves 241
  • Notes 243
  • Appendix D: On Foreign Investment 244
  • Note 245
  • Appendix E: On Division of Labor 246
  • Notes 246
  • Appendix F: On Alternative Economies 248
  • Notes 249
  • Appendix G: On Protoindustrialization 251
  • Notes 252
  • Appendix H: On Confidence Levels 253
  • Note 254
  • Appendix I: On Growth Processes 255
  • Notes 256
  • Appendix J: On Static Models 257
  • Appendix K: On Defense of Realism 259
  • Notes 260
  • Appendix L: On Growth Strategies 261
  • Appendix M: On Dualism and Growth 262
  • Notes 265
  • Appendix N: On Lawlike Regularities 267
  • Notes 269
  • Bibliography 271
  • Author Index 289
  • Subject Index 293
  • About the Author 305
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