Models of balance of payments constrained growth : history, theory and empirical evidence / edited by Elias Soukiazis and Pedro A. Cerqueira.

Format:

Book

Contributor:

Soukiazis, Elias.

Cerqueira, Pedro.

Language:

English

Subjects (All):

Balance of payments--Developing countries.

Balance of payments.

Developing countries.

Economic development--Developing countries.

Economic development.

Balance of payments--Mathematical models.

Economic development--Mathematical models.

Physical Description:

xvi, 274 pages : illustrations ; 23 cm

Place of Publication:

Basingstoke ; New York, NY : Palgrave Macmillan, 2012.

Summary:

"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."--Back cover.

Contents:

PART I: HISTORICAL OVERVIEW ON THE BALANCE OF PAYMENTS CONSTRAINED GROWTH DEBATE

Balance of Payments Constrained Growth Models: History and Overview; A.P.Thirlwall

Criticisms and Defences of the Balance-of-Payments Constrained Growth Model: Some Old, Some New; J.McCombie

The Remarkable Durability of Thirlwall's Law; M.Setterfield

PART II: ALTERNATIVE MODELS AND EMPIRICAL EVIDENCE

Generalized Balance of Payments Constrained Growth and South-South Trade in Sub-Saharan Africa; A.Bagni, A.Rieber & T.Tran

Growth Rates Constrained by Internal and External Imbalances: A Demand Orientated Approach; E.Soukiazis, P.Cerqueira & M.Antunes

Empirical Testing of the Export-Led and Balance of Payments Constrained Growth: The Case of Portugal; V.Kvedaras

PART III: THE CONVERGENCE ISSUE AND THE ROLE OF EXCHANGE RATE ON BALANCE OF PAYMENTS CONSTRAINED GROWTH

Convergence and Balance of Payments Constrained Growth: Is there a Puzzle? / C.Garcimartin, J.Alonso & L.Rivas

New Insights from a Structural Economic Dynamic Approach to Balance of Payments Constrained Growth; R.Araujo

Structural Heterogeneity and Endogeneity of Elasticities on the Balance of Payments Constrained Growth Model; F.Missio & F.Jayme Jr.

Notes:

Includes bibliographical references and index.

ISBN:

9781137023940

1137023945

OCLC:

792880420