McCombie / Thirlwall Essays on Balance of Payments Constrained Growth

Theory and Evidence
Erscheinungsjahr 2004
ISBN: 978-1-134-34031-6
Verlag: CRC Press
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 352 Seiten

Reihe: Routledge Studies in Development Economics

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.

Autoren/Hrsg.

McCombie, John

McCombie, J. S. L.

Thirlwall, Tony

Thirlwall, A. P.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie

Inhaltsverzeichnis

1. Introduction

Part One: Theory

2. The Balance of Payments Constraint as an Explanation of International Growth Rate Differences A. P. Thirlwall

3. The Balance of Payments Constraint, Capital Flows and Growth Rate Differences Between Developing Countries A. P. Thirlwall and M. Nureldin-Hussain

4. Economic Growth, the Harrod Foreign Trade Multiplier and the Hicks' Super-Multiplier John McCombie

5. Economic Growth, Trade Interlinkages and the Balance of Payments Constraint John McCombie

6. International Competitiveness, Relative Wages and the Balance of Payments Constraint R. Blecker

7. The Stability of Thirlwall's Model of Economic Growth and the Balance of Payments Constraint M. Pugno

8. The Balance of Payments Constraint: from Balanced Trade to Sustainable Debt N. Barbosa-Filho

Part Two: Developed Countries

9. On the Empirics of Balance of Payments Constrained Growth John McCombie

10. The 45-Degree Rule Revisited P. Anderson

11. A New Approach to Balance of Payments Constraint: Some Empirical Evidence J. A. Alonso

12. An Application of Thirlwall's Law to the Spanish Economy M. Leon-Ledesma

Part Three: Developing Countries

13. Balance of Payments Constrained Growth and Developing Countries: an Examination of Thirlwall's Hypothesis J. Perraton

14. The Balance of Payments Constraint and Growth Rate Differences Between African and East Asian Economies M. Nureldin Hussain

15. The Chronicle of Growth in Southeast Asian Countries: Does Thirlwall's Law Provide an Adequate Explanation? N. Ansari, H. Hashemzadeh and Y. Xi

16. Thirlwall's Law and Beyond: the Latin American Experience J. Lopez and A. Cruz

17. Balance of Payments Constrained Growth in Central America: 1950-96 J. C. Moreno Brid and E. Perez

18. Balance of Payments Constrained Growth: the Case of Mexico J. C. Moreno Brid

19. A "Generalised" Version of the Balance of Payments Constrained Growth Model: An Application to Neighbouring Regions K. Nell

Über Autor(innen)

J.S.L. McCombie is a Fellow in Economics at Downing College, Cambridge, UK. A.P. Thirlwall is Professor of Applied Economics at the University of Kent, UK. He has been an advisor to various government departments, and a consultant to many international development organisations.