nep-pke New Economics Papers
on Post Keynesian Economics
Issue of 2006‒05‒13
four papers chosen by
Karl Petrick
Leeds Metropolitan University

  1. The otherworldly view of economics - and its consequences. By Petersen, Verner C.
  2. The Center and Periphery Relations In International Stock Markets By Hakan Berument; Nergiz Dinçer; Hasan Olgun
  3. Economic Growth and Poverty: Does Formalisation of Informal Enterprises Matter? By Esther K. Ishengoma; Robert Kappel
  4. The Non-Market Benefits of Nature: What Should Be Counted in Green GDP? By Boyd, James W.

  1. By: Petersen, Verner C. (Department of Organisation and Management, Aarhus School of Business)
    Abstract: No abstract
    Keywords: No keywords;
    Date: 2005–12–01
  2. By: Hakan Berument; Nergiz Dinçer; Hasan Olgun
    Date: 2006
  3. By: Esther K. Ishengoma (Faculty of Commerce and Management, University of Dar es Salaam and GIGA German Institute of Global and Area Studies); Robert Kappel (GIGA German Institute of Global and Area Studies)
    Abstract: The informal sector (IS) plays a significant role in developing countries viz. the provision of employment, income and supplying ignored markets. However, working and employment conditions within the sector are still poor. Its expansion and changing structures have thus drawn the attention of scholars and international policy makers to the factors hindering its formalisation. Among the factors addressed are the high costs of formalisation and the lack of incentives for operating in the formal sector. A variety of approaches have been adopted by different stakeholders to overcome these factors. This paper assesses these approaches along with the factors related to informality-formality trade-off and the issue of formalisation as a solution for firms’ growth. By focussing on the problems faced by informal enterprises and the literature which addresses the options for accelerating the formalisation of informal enterprises, the paper will briefly summarise the weaknesses of these approaches.
    Keywords: Informal sector, small enterprises, formal and informal institution, cost of formalisation, informality, formality, poverty, economic growth
    JEL: L5 O17 O4 D2 I3
    Date: 2006–04
  4. By: Boyd, James W. (Resources for the Future)
    Abstract: Green gross domestic product (green GDP) is meant to account for nature’s value on an equal footing with the market economy. Several problems bedevil green GDP, however. One is that nature does not come prepackaged in units like cars, houses, and bread. Even worse, green GDP requires measurement of the benefits arising from public goods provided by nature for which there are no market indicators of value. So what should green GDP count? That is the subject of this paper. Ecological and economic theory are used to describe what should be counted—and what should not—if green GDP is to account for the nonmarket benefits of nature.
    Keywords: green GDP, environmental accounting, ecosystem services, index theory, nonmarket valuation
    JEL: Q51 Q57 Q58 D6
    Date: 2006–05–03

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