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The Applied fiscal-monetary theory: Character of constraint and essentials to the advancement of developing economies

Tweneboah Senzu, Emmanuel (2020): The Applied fiscal-monetary theory: Character of constraint and essentials to the advancement of developing economies. Published in: Eliva Publication No. Book (Chapter 10) (5 January 2022): pp. 196-215.

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Abstract

The paper makes a proposition that the chaotic order in the functioning of input factors of an economic system, results in a constraint towards an output performance. And further, argues that aggregate chaotic functioning of such input elements becomes a complex constraint, creating more distortion towards the performance output of the economy. The study further establishes, the major causal factors that uphold the mainstream theoretical approach to economic growth, and developmental trajectory within a fiscal-monetary policy space and its management, does fail to be effective in application in favour of developing and under developed countries, and thereby recommend alternative policy frameworks, having within its core model, a job creation system to initiate full employment towards development as a focal study interest of the paper.

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