Models of balance of payments constrained growth
Subtitle: history, theory and empirical evidence
By: edited by Elias Soukiazis and Pedro A. Cerqueira
Publisher: Palgrave Macmillan
Published: 2012
Place of publication: Basingstoke; New York, NY
Language: eng
Number of pages: 274
ISBN-13: 9781137023940
Subjects: Balance of payments; Mathematical models; Aussenwirtschaftliches Gleichgewicht; Economic development; Sozialprodukt; Wirtschaftswachstum; Nord-Süd-Beziehungen; Querschnittsanalyse; Zeitreihenanalyse
Description: "This book extends Thirlwall's original model and adapts its implications to the current problems of the developed and emerging economies. In this context, this book combines theoretical models and empirical applications to unveil new results consistent with the balance of payments constrained growth. The book provides an alternative to orthodox growth theory, which neglects the importance of the balance of payments as a constraint to growth."--Page 4 of cover.
Notes: Includes bibliographical references and index.
Table of contents: title: PART I: HISTORICAL OVERVIEW ON THE BALANCE OF PAYMENTS CONSTRAINED GROWTH DEBATE; title: Balance of Payments Constrained Growth Models: History and Overview; A.P. Thirlwall; title: Criticisms and Defences of the Balance-of-Payments Constrained Growth Model: Some Old, Some New; J. McCombie; title: The Remarkable Durability of Thirlwall's Law; M. Setterfield; title: PART II: ALTERNATIVE MODELS AND EMPIRICAL EVIDENCE; title: Generalized Balance of Payments Constrained Growth and South-South Trade in Sub-Saharan Africa; A. Bagni, A. Rieber & T. Tran; title: Growth Rates Constrained by Internal and External Imbalances: A Demand Orientated Approach; E. Soukiazis, P. Cerqueira & M. Antunes; title: Empirical Testing of the Export-Led and Balance of Payments Constrained Growth: The Case of Portugal; V. Kvedaras; title: PART III: THE CONVERGENCE ISSUE AND THE ROLE OF EXCHANGE RATE ON BALANCE OF PAYMENTS CONSTRAINED GROWTH; title: Convergence and Balance of Payments Constrained Growth: Is there a Puzzle? / C. Garcimartin, J. Alonso & L. Rivas; title: New Insights from a Structural Economic Dynamic Approach to Balance of Payments Constrained Growth; R. Araujo; title: Structural Heterogeneity and Endogeneity of Elasticities on the Balance of Payments Constrained Growth Model; F. Missio & F. Jayme Jr.