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Thirlwall and balance of payments constrained growth

McGregor, P.G. and Swales, J.K. (1985) Thirlwall and balance of payments constrained growth. Applied Economics, 17 (1). pp. 17-32. ISSN 0003-6846

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Abstract

This paper outlines the theory which Thirlwall uses to determine the growth of domestic income and argues that crucial elements of this theory appear to be very weak. The empirical evidence presented by Thirlwall to support his argument for balance of payments constrained growth is considered.

Item type: Article
ID code: 18063
Keywords: growth of domestic income, domestic income, balance of payments constrained growth, foreign prices, domestic prices, Natural Rate Hypothesis, demand constrained growth, supply constrained growth, differential growth rates, developed nations, growth of export volume, domestic income elasticity, demand for imports., Economic Theory, Economics and Econometrics
Subjects: Social Sciences > Economic Theory
Department: Strathclyde Business School > Economics
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 11 May 2010 14:40
    Last modified: 05 Sep 2014 00:30
    URI: http://strathprints.strath.ac.uk/id/eprint/18063

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