Balance of Payments and Economic GrowthStudy of economic theory concerning the international balance of payments and relationships between economic growth and international equilibrium, as well as disequilibrium. Bibliography pp. 321 to 364. |
Contents
Background of Classical Mechanism Theory | 3 |
First General Equilibrium Treatment of the International | 26 |
Persistence of the Classical Influence | 61 |
Copyright | |
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abroad analysis assumed assumptions B's currency balance of payments balance-of-payments balancing process bank Britain British capital changes commodities costs country A's decline demand depreciation devaluation disinflation dollar shortage domestic prices economic development economic equilibrium economic growth Economic Journal effect elasticity England equilibrium excess capacity exchange rates expansion export prices export surplus factors fluctuations foodstuffs foreign exchange foreign investment foreign trade gold Ibid increase industrial countries inflation international mechanism International Trade J. R. Hicks Journal of Economics Keynes Keynesian League of Nations mechanism of adjustment ment million monetary money incomes national income national product nomic Ohlin percent period primary products problem proportion quantity rate of growth raw materials real income reduced Review of Economics rise Say's Law Simon Kuznets stable stream of total supply tend terms of trade theory tion total domestic expenditure total expenditure trade balance United Kingdom wages world trade