0
Your cart

Your cart is empty

Books > Business & Economics > Economics > International economics > International finance

Buy Now

Thirlwall's Law at 40 (Hardcover) Loot Price: R2,381
Discovery Miles 23 810
Thirlwall's Law at 40 (Hardcover): Thomas Palley, Esteban Perez-Caldentey, Matias Vernengo

Thirlwall's Law at 40 (Hardcover)

Thomas Palley, Esteban Perez-Caldentey, Matias Vernengo

 (sign in to rate)
Loot Price R2,381 Discovery Miles 23 810 | Repayment Terms: R223 pm x 12*

Bookmark and Share

Expected to ship within 12 - 17 working days

2019 marked the 40th anniversary of the publication of Anthony P. Thirlwall's classic paper that laid out what became known as Thirlwall''s law. This article introduced and provided empirical evidence in favor of the proposition that the long-run rate of growth of an economy compatible with balance-of-payments equilibrium can be approximated by the simple rule of the ratio of the growth of exports to the income elasticity of demand for imports. Thirlwall's law provides a theoretical underpinning for several of the arguments traditionally espoused by the heterodox followers of Keynes. In addition, Thirlwall's law can also be viewed as a guide to policy-making. It has spurred a rich research agenda at both the theoretical and empirical levels. Theoretically the core model has been extended to include the different components of the current account of the balance of payments. Empirically, it has withstood the test of time and has been corroborated, with perhaps a few exceptions, for a variety of developed and developing countries under different historical contexts and different periods of time. This re-release of the special issue of the Review of Keynesian Economics brings together experts and researchers to present the latest developments and debates on Thirlwall's law. Students, economists and policy makers will find this volume enlightening.

General

Imprint: Edward Elgar Publishing Ltd
Country of origin: United Kingdom
Release date: April 2021
Editors: Thomas Palley • Esteban Perez-Caldentey • Matias Vernengo
Dimensions: 249 x 174mm (L x W)
Format: Hardcover
Pages: 144
ISBN-13: 978-1-80088-146-4
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Economics > Macroeconomics > Monetary economics
Books > Business & Economics > Economics > International economics > International finance
LSN: 1-80088-146-0
Barcode: 9781800881464

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

Partners