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Basic needs macroeconomics: Is it manageable in the case of Egypt
Authors:Youssef Boutros-Ghali  Lance Taylor
Abstract:Models are proposed to assess quantitatively the allocation of product to basic needs consumption, surplus consumption, and investment uses along a steady growth pash that guarantees all workers (and their families) their basic needs. Ways to estimate the inflationary consequences of shifting to such a growth path are also proposed. The models are applied with data from Egypt, and suggest that attainment of basic needs for the population of that country will be a difficult task.
Keywords:Address reprint requests to: Lance Taylor  Department of Economics  Massachusetts Institute of Technology  Cambridge  MA 02139  
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