The Balance-of-Payments Constraint as an Explanation of International Growth Rate Differences

J. S. L. McCombie and Anthony Thirlwall

Chapter 3 in Economic Growth and the Balance-of-Payments Constraint, 1994, pp 232-261 from Palgrave Macmillan

Abstract: Abstract We outline in this chapter the concept of the balance-of-payments equilibrium growth rate, as originally developed by Thirlwall (1979, 1982a), and then show its empirical application to a wide range of developed and less developed countries, drawing also on the recent work of Bairam (1988, 1990). The two original papers by Thirlwall are presented here basically in their original form, but with some modifications.

Keywords: Relative Price; Capital Flow; Capital Inflow; Little Develop Country; Primary Commodity (search for similar items in EconPapers)
Date: 1994
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Journal Article: The Balance of Payments Constraint as an Explanation of International Growth Rate Differences (2011)
Journal Article: The Balance of Payments Constraint as an Explanation of International Growth Rate Differences (1979)
Journal Article: The Balance of Payments Constraint as an Explanation of International Growth Rate Differences (1979)
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DOI: 10.1007/978-1-349-23121-8_3

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