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:

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.

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.

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:

Essays on Balance of Payments Constrained Growth

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Author :
Publisher : Routledge
ISBN 13 : 1134340303
Total Pages : 517 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 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are many theories concerning the relationship between the pace of development and economic growth in different countries. This impressive collection explores the relationship between a country's balance of payments and their rate of economic growth. The evidence and ramifications within the book will be of interest to economists and policy-makers in developing countries.

Balance of Payments

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Publisher : Routledge
ISBN 13 : 1351314947
Total Pages : 603 pages
Book Rating : 4.3/5 (513 download)

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Book Synopsis Balance of Payments by : Robert Stern

Download or read book Balance of Payments written by Robert Stern and published by Routledge. This book was released on 2017-07-28 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: An original and systematic synthesis of the major postwar developments in theory and policy of balance-of-payments adjustment, this book focuses on the present-day system of pegged-but-adjustable exchange rates and the problems that policy authorities must face if they are to attain full employment, price stability, balance-of-payments equilibrium, and a satisfactory rate of economic growth. The dominate theme of this book is that any system of exchange rates carries with it assumptions about the way it works and how effective the automatic and policy-motivated forces operate to bring about equilibrium in a country's balance of payments. By analyzing balance-of-payments adjustment and policies under alternative exchange-rate systems, and with different assumptions concerning the level of employment and prices, it is possible to embrace a wide variety of contemporary and historical circumstances experienced by individual countries and the world as a whole. In this way the author assesses the economic consequences of the different exchange-rate systems and of the policies that countries may follow to attain their national objectives. In particular it appears to Professor Stern that the international monetary turmoil of the past ten years can be traced to the exchange-rate inflexibilities of the adjustable-peg system and to the creation of excessive reserves under the dollar standard. He demonstrates that the international monetary system must be redesigned to permit greater exchange-rate inflexibility and control over the creation of new international reserve assets.

Balance of Payments and Economic Growth

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Author :
Publisher : Harvard University Press
ISBN 13 :
Total Pages : 406 pages
Book Rating : 4.X/5 ( 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 Harvard University Press. This book was released on 1967 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Structural Economic Dynamics

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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.

Models of Balance of Payments Constrained Growth

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Author :
Publisher : Springer
ISBN 13 : 1137023953
Total Pages : 274 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 274 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.

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.

Thirlwall's Law at 40

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1800881479
Total Pages : 144 pages
Book Rating : 4.8/5 (8 download)

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Book Synopsis Thirlwall's Law at 40 by : Thomas Palley

Download or read book Thirlwall's Law at 40 written by Thomas Palley and published by Edward Elgar Publishing. This book was released on 2021-04-30 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2019 marked the 40th anniversary of the publication of Anthony P. Thirlwall’s classic paper that laid out what became known as Thirlwall’s law. This article introduced and provided empirical evidence in favor of the proposition that the long-run rate of growth of an economy compatible with balance-of-payments equilibrium can be approximated by the simple rule of the ratio of the growth of exports to the income elasticity of demand for imports.

Economic Growth in an Open Developing Economy

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Publisher : Edward Elgar Publishing
ISBN 13 : 1781955336
Total Pages : 201 pages
Book Rating : 4.7/5 (819 download)

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Book Synopsis Economic Growth in an Open Developing Economy by : A. P. Thirlwall

Download or read book Economic Growth in an Open Developing Economy written by A. P. Thirlwall and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This concise yet insightful sequel to the highly acclaimed The Nature of Economic Growth provides a comprehensive critique of both old and new growth theory, highlighting the importance of economic growth for reducing poverty. A.P. Thirlwall illustrates that orthodox growth theory continues to work with Ôone-goodÕ models and to treat factor supplies as exogenously given, independent of demand. Orthodox trade theory still ignores the balance of payments consequences of different patterns of trade specialisation when assessing the welfare effects of trade. The author goes on to present theory underpinned by up-to-date empirical evidence that factors of production and productivity growth are endogenous to demand, and that the structure of production and trade matter for the long-run growth performance of countries because of their impact on the balance of payments. He concludes that trade liberalisation has proved disappointing in improving the trade-off between growth and the balance of payments. This book will provide a challenging read for students and academics in the fields of economics, heterodox economics, and development. Policymakers focussing on the relationship between growth, trade and the balance of payments will also find the book to be of great interest.

Alternative Approaches in Macroeconomics

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Publisher : Springer
ISBN 13 : 3319696769
Total Pages : 362 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Alternative Approaches in Macroeconomics by : Philip Arestis

Download or read book Alternative Approaches in Macroeconomics written by Philip Arestis and published by Springer. This book was released on 2018-02-07 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book honours Professor John McCombie’s retirement by exploring a variety of themes, theories and debates in non-orthodox macroeconomics. With contributions from leading scholars, the book covers diverse ground in economic thought, policy, empirical work and modelling. It demonstrates ongoing presumptions and asks probing questions of topical questions from the increase of income equality to the international variation of productivity investment. This collection will appeal to academics and students with an interest in the history of macroeconomic thinking.

Sraffa and Modern Economics, Volume II

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Publisher : Routledge
ISBN 13 : 113671541X
Total Pages : 371 pages
Book Rating : 4.1/5 (367 download)

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Book Synopsis Sraffa and Modern Economics, Volume II by : Roberto Ciccone

Download or read book Sraffa and Modern Economics, Volume II written by Roberto Ciccone and published by Routledge. This book was released on 2012-03-29 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzing Sraffa, one of the key figures in the history of economics, this book explores his legacy and the relevance of his thought for modern economics. Written by an array of internationally respected contributors, including Schefold, Aspromourgos, Nell and Kurz it is an invaluable tool for all those studying the history of economic thought.

The Chicago Plan Revisited

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475505523
Total Pages : 71 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Chicago Plan Revisited by : Mr.Jaromir Benes

Download or read book The Chicago Plan Revisited written by Mr.Jaromir Benes and published by International Monetary Fund. This book was released on 2012-08-01 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.

Markets, Unemployment and Economic Policy

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1134784252
Total Pages : 577 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Markets, Unemployment and Economic Policy by : Philip Arestis

Download or read book Markets, Unemployment and Economic Policy written by Philip Arestis and published by Taylor & Francis. This book was released on 2005-10-19 with total page 577 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume more than 40 leading economists pay tribute to, and critically evaluate, Geoff Harcourt's work. Contributors include Tony Atkinson, Tony Lawson, Edward Nell and Ian Steedman.

Heterodox Macroeconomics

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Publisher : Edward Elgar Publishing
ISBN 13 : 1784718904
Total Pages : 643 pages
Book Rating : 4.7/5 (847 download)

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Book Synopsis Heterodox Macroeconomics by : Robert A. Blecker

Download or read book Heterodox Macroeconomics written by Robert A. Blecker and published by Edward Elgar Publishing. This book was released on 2019 with total page 643 pages. Available in PDF, EPUB and Kindle. Book excerpt: p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial} The last few decades have witnessed an outpouring of literature on macroeconomic models in the broad ‘heterodox’ tradition of Marx, Keynes, Robinson, Kaldor and Kalecki. These models yield an alternative analytical framework in which the big questions of our day – such as how inequality is related to growth or stagnation, and whether long-run growth is stable or unstable – can be fruitfully addressed. Heterodox Macroeconomics provides an accessible, pedagogically oriented treatment of the leading models and approaches in heterodox macroeconomics with clear, step-by-step presentations of core models and their solutions, properties and implications.