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Nigar Hashimzade - A Dictionary of Economics

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Nigar Hashimzade A Dictionary of Economics

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Contents

Appendices

OXFORD QUICK REFERENCE

A Dictionary of
Economics

John Black worked on previous editions of this dictionary and was a Fellow and Tutor in Economics at Merton College, Oxford, and then Professor of Economic Theory at the University of Exeter. His many publications include The Economics of Modern Britain, Essential Mathematics for Economics (with J.F. Bradley), and Housing Policy and Finance (with D.C. Stafford). He is now an Emeritus Professor of the University of Exeter.

Nigar Hashimzade is a Professor of Economics at Durham University, a Research Fellow at the Institute for Fiscal Studies and the Tax Administration Research Centre, and a managing editor of the Journal of Tax Administration. She obtained her PhD in Economics from Cornell University in 2003 . Prior to Durham University she held academic positions at Economics departments in Exeter and Reading. She has published research articles in economic theory and econometric theory. Her current research is focussed primarily on various issues in applied microeconomic theory.

Gareth Myles is Professor of Economics at the University of Exeter, a Research Fellow at the Institute for Fiscal Studies and at CESifo, and Director of the Tax Administration Research Centre. He obtained his D.Phil. ( 1987 ) from the University of Oxford under the supervision of Professor Sir James Mirrlees. His first academic position was at the University of Warwick, and he moved to the University of Exeter in 1992 . His major research interest is in public economics, and his publications include Public Economics ( 1995 ), Intermediate Public Economics ( 2013 ) and numerous papers in International Tax and Public Finance, the Journal of Public Economic Theory, and the Journal of Public Economics. He is an Associate Editor of the Journal of Public Economic Theory and a member of the Mirrlees Review. He is an Academic Adviser to HM Treasury and HM Revenue and Customs, and has also provided economic advice to international bodies including the European Commission and the OECD.

Many entries in this dictionary have recommended web links. In addition to their listing at relevant entries, a complete list of links for this title can be found at www.oxfordreference.com/page/econ

A Dictionary of Economics - image 2

Great Clarendon Street, Oxford, OX2 6DP, United Kingdom

Oxford University Press is a department of the University of Oxford. It furthers the Universitys objective of excellence in research, scholarship, and education by publishing worldwide. Oxford is a registered trade mark of Oxford University Press in the UK and in certain other countries

Oxford University Press 1997, 2002, 2009, 2012, 2017

The moral rights of the authors have been asserted

First edition published in 1997

Second edition 2002

Third edition 2009

Fourth edition 2012

Fifth edition 2017

Impression: 4

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission in writing of Oxford University Press, or as expressly permitted by law, by licence or under terms agreed with the appropriate reprographics rights organization. Enquiries concerning reproduction outside the scope of the above should be sent to the Rights Department, Oxford University Press, at the address above

You must not circulate this work in any other form and you must impose this same condition on any acquirer

Published in the United States of America by Oxford University Press 198 Madison Avenue, New York, NY 10016, United States of America

British Library Cataloguing in Publication Data

Data available

Library of Congress Control Number: 2016952211

ISBN 9780198759430 (Pbk.)

ISBN 9780191077340 (Ebook)

Printed in Great Britain by Clays Ltd, Elcograf S.p.A

Links to third party websites are provided by Oxford in good faith and for information only. Oxford disclaims any responsibility for the materials contained in any third party website referenced in this work.

The subject matter of economics continues to evolve and expand. This makes it ever more important to have available a tool that facilitates immediate access to unfamiliar concepts. A Dictionary of Economics has always aimed to provide a convenient source of reference for a wide audience. We hope that this new edition successfully meets this aim and that it continues to serve the needs of any reader who requires a concise and readable description of an economic concept.

The main revisions to produce the fifth edition have been made in recognition of increased globalization. As the international economy becomes ever more integrated, so do the study and analysis of economics. The first edition of the dictionary was written primarily for a UK audience. Later editions steadily refocused to accommodate European and US audiences. The fifth edition has taken this process further by adding entries relating to economic affairs in China, India, and South America. We have also updated and expanded the coverage of central economic and econometric topics to reflect advances since the fourth edition.

This dictionary aims to provide a convenient source of reference for a wide audience. Students taking a first course in economics and non-specialist readers of journals such as The Economist will find clear descriptions of fundamental concepts. For more advanced students and professional economists the dictionary includes entries on technical concepts written in a more formal style.

The main changes to the dictionary reflect the increased prominence of financial markets in public debate since the third edition was produced. This edition includes many new definitions relating to financial instruments, financial regulation, and the novel economic policy responses to the financial crisis. The dictionary also incorporates new developments in economics and econometrics.

List of entries by Subject
Accounting
Agricultural Economics
Agricultural, Environmental, and Natural Resource Economics
Aid and Relief Programmes
Analysis of Collective Decision-Making
Antitrust Issues and Policies
Asset Pricing
Banking
Bankruptcy
Bayesian Statistics
Behavioural Finance
Brand Management
Business and Government
Business and Management
Business Ethics
Business Strategy
Capital Markets
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