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Erschienen in:
1994 | OriginalPaper | Buchkapitel
The Balance-of-Payments Constraint as an Explanation of International Growth Rate Differences
verfasst von : J. S. L. McCombie, A. P. Thirlwall
Erschienen in: Economic Growth and the Balance-of-Payments Constraint
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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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.