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Books > Business & Economics > Economics > Macroeconomics
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Economic Growth and the Balance-of-Payments Constraint (Paperback)
Loot Price: R1,708
Discovery Miles 17 080
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Economic Growth and the Balance-of-Payments Constraint (Paperback)
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'... a well written book ... covering ... a vast amount of material
... well balanced between the theoretical and applied works. The
authors are judicious and fair in providing a balanced treatment of
the two alternative theories of growth performance: supply-oriented
and demand-oriented. The book will serve as a guideline to
researchers and policymakers ... as a textbook for upperdivision
undergraduate and graduate courses.'- Kashi Nath Tiwari, Kennesaw
State College This is the first book of its kind to argue in a
consistent and comprehensive way the idea that a country's growth
performance cannot be properly understood without reference to the
performance of its tradeable goods sector and the strength of its
balance of payments. It puts forward a demand orientated theory of
why growth rates differ between countries where the major
constraint on demand is the balance of payments. The book is
critical of neoclassical growth analysis and provides an
alternative theory of growth performance to the supply orientated
approach of neoclassical theory. There are theoretical chapters
comparing and contrasting neoclassical growth analysis with the new
demand orientated approach, and empirical sections which apply the
new model to regions and countries, including two case studies of
the UK and Australia.
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