Economic Growth and the Balance-of-Payments Constraint

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Author :
Publisher : Springer
ISBN 13 : 1349231215
Total Pages : 646 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis Economic Growth and the Balance-of-Payments Constraint by : John McCombie

Download or read book Economic Growth and the Balance-of-Payments Constraint written by John McCombie and published by Springer. This book was released on 2016-07-27 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: '... a well written book ... covering ... a vast amount of material ... well balanced between the theoretical and applied works. The authors are judicious and fair in providing a balanced treatment of the two alternative theories of growth performance: supply-oriented and demand-oriented. The book will serve as a guideline to researchers and policymakers ... as a textbook for upperdivision undergraduate and graduate courses.'- Kashi Nath Tiwari, Kennesaw State College This is the first book of its kind to argue in a consistent and comprehensive way the idea that a country's growth performance cannot be properly understood without reference to the performance of its tradeable goods sector and the strength of its balance of payments. It puts forward a demand orientated theory of why growth rates differ between countries where the major constraint on demand is the balance of payments. The book is critical of neoclassical growth analysis and provides an alternative theory of growth performance to the supply orientated approach of neoclassical theory. There are theoretical chapters comparing and contrasting neoclassical growth analysis with the new demand orientated approach, and empirical sections which apply the new model to regions and countries, including two case studies of the UK and Australia.

The Balance of Payments as a Constraint on Economic Growth

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Author :
Publisher :
ISBN 13 : 9780868396446
Total Pages : 34 pages
Book Rating : 4.3/5 (964 download)

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Book Synopsis The Balance of Payments as a Constraint on Economic Growth by : J. S. L. McCombie

Download or read book The Balance of Payments as a Constraint on Economic Growth written by J. S. L. McCombie and published by . This book was released on 1985 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Models of Balance of Payments Constrained Growth

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Author :
Publisher : Springer
ISBN 13 : 1137023953
Total Pages : 457 pages
Book Rating : 4.1/5 (37 download)

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Book Synopsis Models of Balance of Payments Constrained Growth by : E. Soukiazis

Download or read book Models of Balance of Payments Constrained Growth written by E. Soukiazis and published by Springer. This book was released on 2012-10-15 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book extends Thirlwall's model and adapts its implications to the current problems facing developed and emerging economies. In this context, this book combines theoretical models and empirical applications, unveiling new results and highlighting the importance of the balance of payments as a constraint to growth.

Economic Growth and the Balance of Payments Constraint Revisited

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Author :
Publisher :
ISBN 13 : 9781857570397
Total Pages : 17 pages
Book Rating : 4.5/5 (73 download)

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Book Synopsis Economic Growth and the Balance of Payments Constraint Revisited by : J. S. L. McCombie

Download or read book Economic Growth and the Balance of Payments Constraint Revisited written by J. S. L. McCombie and published by . This book was released on 1995 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on Balance of Payments Constrained Growth

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Author :
Publisher : Routledge
ISBN 13 : 1134340311
Total Pages : 351 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis Essays on Balance of Payments Constrained Growth by : John McCombie

Download or read book Essays on Balance of Payments Constrained Growth written by John McCombie and published by Routledge. This book was released on 2004-03-26 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: This impressive collection explores the relationship between a country's balance of payments and their rate of economic growth.

Structural Economic Dynamics

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9780521029766
Total Pages : 212 pages
Book Rating : 4.0/5 (297 download)

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Book Synopsis Structural Economic Dynamics by : Luigi Pasinetti

Download or read book Structural Economic Dynamics written by Luigi Pasinetti and published by Cambridge University Press. This book was released on 2006-11-02 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of knowledge emerge as the decisive factors accounting for the success and failure of industrial societies.

Essays on Economic Growth and the Balance-of-payments Constraint, with Special Reference to the Case of Mexico

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (894 download)

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Book Synopsis Essays on Economic Growth and the Balance-of-payments Constraint, with Special Reference to the Case of Mexico by : Juan Carlos Moreno-Brid

Download or read book Essays on Economic Growth and the Balance-of-payments Constraint, with Special Reference to the Case of Mexico written by Juan Carlos Moreno-Brid and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Balance of Payments Constrained Economic Growth in Nigeria

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3656960356
Total Pages : 19 pages
Book Rating : 4.6/5 (569 download)

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Book Synopsis Balance of Payments Constrained Economic Growth in Nigeria by : Emmanuel Igbinoba

Download or read book Balance of Payments Constrained Economic Growth in Nigeria written by Emmanuel Igbinoba and published by GRIN Verlag. This book was released on 2015-05-13 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2014 in the subject Business economics - General, , language: English, abstract: This paper assesses the Thirwall's balance of payment(BOP) constrained model by applying it on the Nigerian economy and employing cointegration method to observe the relationship between economic growth and current account balance equilibrium. While extensive research study on economic growth concentrate on the neoclassical supply-oriented approach based on the production function and full employment, Harrod(1939) emphasized that demand generated growth determine long run economic growth and Thirwall developed a Keynesian perspective of the determinants of growth embedded on a dynamic version of the Harrod's foreign trade multiplier. Thirwall pinpoints the incapability of economic agents to increase aggregate demand indefinitely in open economies as justification for income growth differences across nations. The balance of payment constrained growth model states that a country's economic growth rate is constrained by the desire to generate foreign exchange and reiterate the function of demand as the motivation for domestic growth. This arises because growth in export and investment growth in import substitution are the only aspect of aggregate demand that can increase GDP growth and reduce foreign constraints. This implies that growth rate is constrained by the balance of payment as the economy cannot grow faster than what is consistent with the balance of payment equilibrium. The principle of this Keynesian demand side growth theory is that export capability and import attitude establish long run economic growth. Income derived from external trade constitute the principal medium to finance growing import due to a rise in domestic activities. This model differ from the supply induced growth models which evaluate economic growth by using factor inputs such as savings, human and physical capital, population growth and initial per capital GDP on economic growth. Reservations about the traditional growth models stem from the fact that the factor inputs have inconclusive roles in the growth process in developing countries. Also a lot of the neoclassical assumptions have been observed to be unapplicable in developing or transition economies. The balance of payment constrained model infer that economic growth are stimulated by demand factors and the main constraint on demand is the balance of payment.

The Balance of Payments Constraint on Economic Growth

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis The Balance of Payments Constraint on Economic Growth by : C. L. Stals

Download or read book The Balance of Payments Constraint on Economic Growth written by C. L. Stals and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Meeting of Alumni of the School for business leadership of UNISA.

Balance of Payments and Economic Growth

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Author :
Publisher :
ISBN 13 :
Total Pages : 378 pages
Book Rating : 4.:/5 (114 download)

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Book Synopsis Balance of Payments and Economic Growth by : John M. Letiche

Download or read book Balance of Payments and Economic Growth written by John M. Letiche and published by . This book was released on 1956 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Balance of Payments Textbook

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1557755701
Total Pages : 159 pages
Book Rating : 4.5/5 (577 download)

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Book Synopsis Balance of Payments Textbook by : International Monetary Fund

Download or read book Balance of Payments Textbook written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-04-15 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Balance of Payments Textbook, like the Balance of Payments Compilation Guide, is a companion document to the fifth edition of the Balance of Payments Manual. The Textbook provides illustrative examples and applications of concepts, definitions, classifications, and conventions contained in the Manual and affords compilers with opportunities for enhancing their understanding of the relevant parts of the Manual. The Textbook is one of the main reference materials for training courses in balance of payments methodology.

Balance of Payments Constraint to Economic Growth in Ethiopia

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (141 download)

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Book Synopsis Balance of Payments Constraint to Economic Growth in Ethiopia by : Mesfin Tadesse Gebre-Wahid

Download or read book Balance of Payments Constraint to Economic Growth in Ethiopia written by Mesfin Tadesse Gebre-Wahid and published by . This book was released on 1994 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Growth and the Balance of Payments

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Publisher :
ISBN 13 :
Total Pages : 7 pages
Book Rating : 4.:/5 (656 download)

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Book Synopsis Economic Growth and the Balance of Payments by : Akira Takayama

Download or read book Economic Growth and the Balance of Payments written by Akira Takayama and published by . This book was released on 1978 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Stabilization and Growth in Portugal

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Publisher : International Monetary Fund
ISBN 13 : 9781557750617
Total Pages : 38 pages
Book Rating : 4.7/5 (56 download)

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Book Synopsis Economic Stabilization and Growth in Portugal by : Mr.Hans O. Schmitt

Download or read book Economic Stabilization and Growth in Portugal written by Mr.Hans O. Schmitt and published by International Monetary Fund. This book was released on 1981-04-15 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a balance-of-payments constraint was new to Portugal. The paper reviews the issues that had to be resolved to develop an effective program. The economic outturn is also critically examined in this paper.

From Giblin to Kalecki

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis From Giblin to Kalecki by : John Edward King

Download or read book From Giblin to Kalecki written by John Edward King and published by . This book was released on 1997 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Balance of Payments Constraint and Growth Rate Differences Under Alternative Policy Regimes in Nigeria

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Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Balance of Payments Constraint and Growth Rate Differences Under Alternative Policy Regimes in Nigeria by : A. O. Adewuyi

Download or read book Balance of Payments Constraint and Growth Rate Differences Under Alternative Policy Regimes in Nigeria written by A. O. Adewuyi and published by . This book was released on 2002 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries

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Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries by : A. P. Thirlwall

Download or read book Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries written by A. P. Thirlwall and published by Edward Elgar Publishing. This book was released on 2003 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a synthesis of the author's ideas and research concerning the monetary consequences of trade flows, and the relevance of conventional balance of payments adjustment theory. These ideas are considered mainly in the context of developing countries, many of which suffer from deep structural difficulties and severe foreign exchange shortages. Mainstream economic theory regards the balance of payments to be self-adjusting, meaning that the impact of the balance of payments on the growth and development process is neither considered nor analysed. In contrast, the author emphasises the importance of integrating monetary considerations into trade theory and argues that the balance of payments consequences of trade policy need to be carefully addressed. This approach has a number of implications for important issues such as the sequencing of trade liberalisation; the role of the exchange rate in equilibrating the balance of payments; the case for protection; and the way in which the importance of export growth is articulated. Some of the ideas expressed have a long and distinguished ancestry, but they are not part of the mainstream orthodoxy and need airing in a world increasingly divided into rich and poor countries. The author also considers the case for a new international economic order which would better serve the needs of developing countries, particularly by stabilising primary product prices and controlling speculative capital flows. Trade and development economists, and policymakers concerned with economic growth and development, will appreciate the original and illuminating research in this book.