IDEAS home Printed from https://ideas.repec.org/a/sae/reorpe/v51y2019i3p457-476.html
   My bibliography  Save this article

Problems of Financing Development Management: A Kaleckian Analysis

Author

Listed:
  • Saumya Chakrabarti
  • Pratip Kumar Datta

Abstract

Developing countries often suffer from problems of jobless growth and exclusion. In response, the governments of these countries implement a variety of development-management programs. However, we identify certain crucial macroeconomic inconsistencies that may arise from such initiatives. Given this, our basic proposition is that, while undertaking these programs, governments should consider the inherent demand- and (especially) supply-side capacities of the macroeconomy and the probable contradictions arising (chiefly) out of the supply constraints. Furthermore, governments should complement these development-management projects with other policy measures, so that such contradictions could at least be partially mitigated. Essentially, contrary to the misplaced orthodox opposition, we are proposing a Kaleckian critique of development management and simultaneously presenting some ways out. JEL Classifications: E11, J21, O11, O20, Q18

Suggested Citation

  • Saumya Chakrabarti & Pratip Kumar Datta, 2019. "Problems of Financing Development Management: A Kaleckian Analysis," Review of Radical Political Economics, Union for Radical Political Economics, vol. 51(3), pages 457-476, September.
    • Handle: RePEc:sae:reorpe:v:51:y:2019:i:3:p:457-476
    DOI: 10.1177/0486613418820952
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0486613418820952
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0486613418820952?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Handa, Sudhanshu & Davis, Benjamin, 2006. "The experience of conditional cash transfers in Latin America and the Caribbean," ESA Working Papers 289060, Food and Agriculture Organization of the United Nations, Agricultural Development Economics Division (ESA).
    2. William F. Mitchell, 1998. "The Buffer Stock Employment Model and the NAIRU: The Path to Full Employment," Journal of Economic Issues, Taylor & Francis Journals, vol. 32(2), pages 547-555, June.
    3. Carmen M. Reinhart, 1995. "Devaluation, Relative Prices, and International Trade: Evidence from Developing Countries," IMF Staff Papers, Palgrave Macmillan, vol. 42(2), pages 290-312, June.
    4. Fadhel Kaboub, 2007. "Employment Guarantee Programs: A Survey of Theories and Policy Experiences," Economics Working Paper Archive wp_498, Levy Economics Institute.
    5. Sudhanshu Handa & Benjamin Davis, 2006. "The Experience of Conditional Cash Transfers in Latin America and the Caribbean," Development Policy Review, Overseas Development Institute, vol. 24(5), pages 513-536, September.
    6. Daniel Kostzer, 2008. ""Argentina--A Case Study on the Plan Jefes y Jefas de Hogar Desocupados, or the Employment Road to Economic Recovery," Economics Working Paper Archive wp_534, Levy Economics Institute.
    7. Dimitri B. Papadimitriou, 2008. "Promoting Equality Through an Employment of Last Resort Policy," Economics Working Paper Archive wp_545, Levy Economics Institute.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pavlina R. Tcherneva, 2012. "Beyond Full Employment: The Employer of Last Resort as an Institution for Change," Economics Working Paper Archive wp_732, Levy Economics Institute.
    2. Mavis Dako-Gyeke & Razak Oduro, 2013. "Effects of Household Size on Cash Transfer Utilization for Orphans and Vulnerable Children in Rural Ghana," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 2, March.
    3. Tatiana Britto, 2008. "Los Desafíos del Programa de Transferencias Monetarias Condicionadas en El Salvador, Red Solidaria," Research Report Spanish (Country Study) 9, International Policy Centre for Inclusive Growth.
    4. Chandralekha Ghosh & Rimita Hom Chaudhury, 2019. "Gender Gap in case of Financial Inclusion: An Empirical Analysis in Indian Context," Economics Bulletin, AccessEcon, vol. 39(4), pages 2615-2630.
    5. Martin Persson, U. & Alpízar, Francisco, 2013. "Conditional Cash Transfers and Payments for Environmental Services—A Conceptual Framework for Explaining and Judging Differences in Outcomes," World Development, Elsevier, vol. 43(C), pages 124-137.
    6. Victoria Menil, 2015. "Missed Opportunities in Global Health: Identifying New Strategies to Improve Mental Health in LMICs," Working Papers id:7987, eSocialSciences.
    7. Handa, Sudhanshu & Peterman, Amber & Davis, Benjamin & Stampini, Marco, 2009. "Opening Up Pandora's Box: The Effect of Gender Targeting and Conditionality on Household Spending Behavior in Mexico's Progresa Program," World Development, Elsevier, vol. 37(6), pages 1129-1142, June.
    8. Stephan Klasen & Simon Lange, 2015. "Targeting Performance and Poverty Effects of Proxy Means-Tested Transfers: Trade-offs and Challenges," Ibero America Institute for Econ. Research (IAI) Discussion Papers 231, Ibero-America Institute for Economic Research.
    9. Atul MEHTA & Joysankar BHATTACHARYA, 2019. "What discriminates the welfare outcomes of children in India. A multiple discriminant analysis in selected states," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(619), S), pages 261-276, Summer.
    10. Freire, Debora & Domingues, Edson & Britto, Gustavo, 2018. "Structural impacts of a cash transfer program: an application of a SAM based CGE model for Brazil," Conference papers 332987, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    11. Yi, Fujin & Sun, Dingqiang, 2014. "Grain Subsidy, Liquidity Constraints and Food security—Impact of the Grain Subsidy Program on the Grain-Sown Areas in China," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169779, Agricultural and Applied Economics Association.
    12. Dee, Thomas S., 2011. "Conditional cash penalties in education: Evidence from the Learnfare experiment," Economics of Education Review, Elsevier, vol. 30(5), pages 924-937, October.
    13. Durr-E-Nayab & Shujaat Farooq, 2014. "Effectiveness of Cash Transfer Programmes for Household Welfare in Pakistan: The Case of the Benazir Income Support Programme," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 53(2), pages 145-174.
    14. Kitaura, Koji & Miyazawa, Kazutoshi, 2021. "Inequality and conditionality in cash transfers: Demographic transition and economic development," Economic Modelling, Elsevier, vol. 94(C), pages 276-287.
    15. Bauchet, Jonathan & Undurraga, Eduardo A. & Reyes-García, Victoria & Behrman, Jere R. & Godoy, Ricardo A., 2018. "Conditional cash transfers for primary education: Which children are left out?," World Development, Elsevier, vol. 105(C), pages 1-12.
    16. Mukesh Sud & Craig VanSandt, 2015. "Identity Rights: A Structural Void in Inclusive Growth," Journal of Business Ethics, Springer, vol. 132(3), pages 589-601, December.
    17. Bhargava, Iti, 2022. "Can money buy happiness?," SocArXiv eutwb, Center for Open Science.
    18. Knack,Stephen & Parks,Bradley Christopher & Harutyunyan,Ani & DiLorenzo,Matthew, 2020. "How Does the World Bank Influence the Development Policy Priorities of Low-Income and Lower-Middle Income Countries ?," Policy Research Working Paper Series 9225, The World Bank.
    19. Skovdal, Morten & Robertson, Laura & Mushati, Phyllis & Dumba, Lovemore & Sherr, Lorraine & Nyamukapa, Constance & Gregson, Simon, 2013. "Acceptability of conditions in a community-led cash transfer programme for orphaned and vulnerable children in Zimbabwe," LSE Research Online Documents on Economics 52945, London School of Economics and Political Science, LSE Library.
    20. Marcelo Medeiros & Tatiana Britto & Fabio Veras Soares, 2008. "Targeted Cash Transfer Programmes in Brazil: BPC and the Bolsa Familia," Working Papers 46, International Policy Centre for Inclusive Growth.

    More about this item

    Keywords

    food constraint; foreign-exchange constraint; modern vs. peripheral employment conflict; growth vs. development-management conflict; balancing demand- and supply-side constraints;
    All these keywords.

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:reorpe:v:51:y:2019:i:3:p:457-476. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.urpe.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.