Models Of Balance Of Payments Constrained Growth
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Models of Balance of Payments Constrained Growth
| Author | : E. Soukiazis |
| Publisher | : Springer |
| Total Pages | : 457 |
| Release | : 2012-10-15 |
| Genre | : Business & Economics |
| ISBN | : 1137023953 |
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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.
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This paper discusses how A. P. Thirlwall's model of balance-of-payments-constrained growth can be adapted to analyze the idea of a “fallacy of composition”
