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Essays on Balance of Payments Constrained Growth John McCombie (Cambridge University)

Essays on Balance of Payments Constrained Growth By John McCombie (Cambridge University)

Essays on Balance of Payments Constrained Growth by John McCombie (Cambridge University)

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Summary

This impressive collection explores the relationship between a country's balance of payments and their rate of economic growth.

Essays on Balance of Payments Constrained Growth Summary

Essays on Balance of Payments Constrained Growth: Theory and Evidence by John McCombie (Cambridge University)

Thirlwall is massively well known in economics - Thirlwall's law is taught to every undergraduate

The book will interest development economists as well as policy-makers in developing countries

The book contains a mixture of case-studies from across the globe and an explanation of the theoretical model, which argues that no country can grow faster than that rate consistent with balance of payments equilibrium

About John McCombie (Cambridge University)

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.

Table of Contents

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

Additional information

NLS9780415647540
9780415647540
B00DHPZN5W
Essays on Balance of Payments Constrained Growth: Theory and Evidence by John McCombie (Cambridge University)
John McCombie (Cambridge University)
Routledge Studies in Development Economics
New
Paperback
Taylor & Francis Ltd
2015-12-17
352
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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