Balance of Payments Adjustment through Income Changes

J. Harvey and M. Johnson
Additional contact information
J. Harvey: University of Reading
M. Johnson: Hatfield Polytechnic

Chapter 17 in Introduction to Macro-Economics: A Workbook, 1973, pp 86-89 from Palgrave Macmillan

Abstract: Abstract An adjustment of the BOP through income changes can be illustrated by extending the principles embodied in the circular flow of income. Export receipts are included in the income stream and count (like investment) as an injection. Import payments (like saving) are a leak out of the flow for they contribute to the incomes of other countries.

Keywords: Government Expenditure; Equilibrium Level; Full Employment; Income Stream; Income Change (search for similar items in EconPapers)
Date: 1973
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-01871-0_17

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349018710

DOI: 10.1007/978-1-349-01871-0_17

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().