McGregor, P.G. and Swales, J.K. (1985) Thirlwall and balance of payments constrained growth. Applied Economics, 17 (1). pp. 17-32. ISSN 0003-6846Full text not available in this repository. (Request a copy from the Strathclyde author)
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.
|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|
|Depositing user:||Strathprints Administrator|
|Date Deposited:||11 May 2010 13:40|
|Last modified:||27 Apr 2016 14:03|