Models of Balance of Payments Constrained Growth [electronic resource] : History, Theory and Empirical Evidence /
Soukiazis, E.editor.
Cerqueira, P.editor.
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.
Description based upon print version of record.
Cover; Half-Title; Title; Copyright; Contents; List of Tables; List of Figures; Preface; Notes on Contributors; Introduction; Part I Historical Overview on the Balance of Payments Constrained Growth Debate; 1 Balance of Payments Constrained Growth Models: History and Overview; 2 Criticisms and Defences of the Balance of Payments Constrained Growth Model: Some Old, Some New; 3 The Remarkable Durability of Thirlwall's Law; Part II Alternative Models and Empirical Evidence; 4 Generalized Balance of Payments Constrained Growth and South-South Trade in Sub-Saharan Africa
5 Growth Rates Constrained by Internal and External Imbalances: A Demand-Orientated Approach Elias Soukiazis, Pedro A, Cerqueira6 Empirical Testing of the Export-led and Balance of Payments Constrained Growth: The Case of Portugal; Part III The Convergence Issue and the Role of Exchange Rate on Balance of Payments Constrained Growth; 7 Convergence and Balance of Payments Constrained Growth: Is There a Puzzle?; 8 New Insights from a Structural Economic Dynamic Approach to Balance of Payments Constrained Growth
9 Structural Heterogeneity and Endogeneity of Elasticities on the Balance of Payments Constrained Growth ModelIndex
Includes bibliographical references and index.
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.
Macroeconomics.
Economic theory.
Economic growth.
Econometrics.
Macroeconomics/Monetary Economics//Financial Economics.
Economic Theory/Quantitative Economics/Mathematical Methods.
Economic Growth.
Econometrics.