Growth in an Open Economy

Giancarlo Gandolfo

Chapter 14 in International Finance and Open-Economy Macroeconomics, 2016, pp 311-329 from Springer

Abstract: Abstract This chapter examines three important questions: (a) whether it is possible to talk of a mechanism of export-led growth; (b) whether, given an economic system which is growing for internal causes, this growth has favourable or unfavourable effects on the system’s balance of payments; (c) what are the conditions for enjoying growth and balance-of-payments equilibrium (“balance-of-payments-constrained growth”).

Keywords: Real Exchange Rate; Income Growth; Capital Flow; Income Elasticity; Capital Inflow (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-662-49862-0_14

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DOI: 10.1007/978-3-662-49862-0_14

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