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Author: E. Soukiazis Publisher: Springer ISBN: 1137023953 Category : Business & Economics Languages : en Pages : 457
Book Description
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.
Author: E. Soukiazis Publisher: Springer ISBN: 1137023953 Category : Business & Economics Languages : en Pages : 286
Book Description
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.
Author: John McCombie Publisher: Springer ISBN: 1349231215 Category : Business & Economics Languages : en Pages : 646
Book Description
'... a well written book ... covering ... a vast amount of material ... well balanced between the theoretical and applied works. The authors are judicious and fair in providing a balanced treatment of the two alternative theories of growth performance: supply-oriented and demand-oriented. The book will serve as a guideline to researchers and policymakers ... as a textbook for upperdivision undergraduate and graduate courses.'- Kashi Nath Tiwari, Kennesaw State College This is the first book of its kind to argue in a consistent and comprehensive way the idea that a country's growth performance cannot be properly understood without reference to the performance of its tradeable goods sector and the strength of its balance of payments. It puts forward a demand orientated theory of why growth rates differ between countries where the major constraint on demand is the balance of payments. The book is critical of neoclassical growth analysis and provides an alternative theory of growth performance to the supply orientated approach of neoclassical theory. There are theoretical chapters comparing and contrasting neoclassical growth analysis with the new demand orientated approach, and empirical sections which apply the new model to regions and countries, including two case studies of the UK and Australia.
Author: P. Arestis Publisher: Edward Elgar Publishing ISBN: 1847204082 Category : Business & Economics Languages : en Pages : 307
Book Description
. . . this volume is a very good and important addition to economic growth and development. On the basis of authority, the selection is well-balanced. . . This book should be a mandatory textbook for graduate students in development economics, and essential reading for all policy-makers. Voxi Heinrich Amavilah, Progress in Development Studies This valuable and engaging new book bears eloquent testimony to A.P. Thirlwall s substantial contribution to economics over the last 40 years. The volume does not attempt to provide a comprehensive review of such a prolific figure, but rather demonstrates the considerable influence that his work on economic theory has had on his contemporaries, and the profession as a whole. From his early pioneering research in regional and labour economics to his more recent exploration of growth and development economics, leading experts in the field bear witness to the significant role he has played in the evolution of the discipline. In addressing some of the most pivotal aspects of his career, the contributors cover a range of topics including Thirlwall s Law , the application of Keynesian macroeconomic approaches, the General Theory within open economies, the connection between short-run cycles and long-run growth, endogenous growth theory, the Stability and Growth Pact, as well as broader development issues and problems. In championing Thirlwall s challenging work, this volume provides a lively and comprehensive account of some of the most important areas of economics today. This book will prove an essential read for academics and policy makers alike who are interested in trade, growth and development economics.
Author: A. P. Thirlwall Publisher: Edward Elgar Publishing ISBN: Category : Business & Economics Languages : en Pages : 376
Book Description
This volume brings together 17 essays written by A.P. Thirlwall between 1970 and 1995 in the field of growth and development. The essays present contributions such as the author's formalization of Kaldor's two-sector growth model, his models of growth constrained by the balance of payments, his testing of the IMF's supply side approach to devaluation and his development of models of inflation, population and economic growth.
Author: International Monetary Fund. Research Dept. Publisher: International Monetary Fund ISBN: 145197146X Category : Business & Economics Languages : en Pages : 208
Book Description
This paper explains contribution of the September 1949 devaluations to the solution of Europe’s dollar problem. After the devaluations, the dollar value of exports to the United States from the devaluing countries in Europe recovered from the low levels of the second and third quarters of 1949, but this recovery, which restored exports in the first half of 1950 approximately to the 1948 level should be attributed in large part to the recovery in the US economy rather than to the devaluations. Between the first half of 1949 and the first half of 1950, Europe's dollar imports declined by one-third. Most of this decline occurred, however, between the second and third quarter of 1949, that is, before the devaluations. With imports generally controlled, the effect of the devaluations appeared much more in the reduction of pressure on the control authorities, the substitution of the price mechanism for at least part of the controls as barriers to imports, and the consequent more rational allocation of the relatively scarce dollars among different uses and different users.
Author: Philip Arestis Publisher: Springer ISBN: 3319696769 Category : Business & Economics Languages : en Pages : 373
Book Description
This book honours Professor John McCombie’s retirement by exploring a variety of themes, theories and debates in non-orthodox macroeconomics. With contributions from leading scholars, the book covers diverse ground in economic thought, policy, empirical work and modelling. It demonstrates ongoing presumptions and asks probing questions of topical questions from the increase of income equality to the international variation of productivity investment. This collection will appeal to academics and students with an interest in the history of macroeconomic thinking.
Author: John McCombie
Author: John McCombie
Author: Juan Carlos Moreno-Brid
Author: E. Soukiazis
Author: Arslan Mansoor Razmi
Author: E. Soukiazis
Author: John McCombie
Author: P. Arestis
Author: A. P. Thirlwall
Author: International Monetary Fund. Research Dept.
Author: Philip Arestis