Balance of Payments and Economic Growth |
Contents
Background of Classical Mechanism Theory | 3 |
First General Equilibrium Treatment of the International | 26 |
Exchanges and Their Effects | 32 |
Copyright | |
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abroad agricultural analysis assumed assumption balance of payments balance-of-payments balancing process banking Britain British capital changes classical commodities compared costs David Ricardo decline depreciation devaluation disinflation dollar shortage domestic prices economic development economic equilibrium economic growth Economic Journal economists effect England equilibrium exchange rates expansion export prices export surplus external factors foodstuffs foreign investment foreign trade full employment Gervaise gold greater Ibid income effects increase industrial countries inflation international balance international mechanism International Trade J. R. Hicks Jacob Viner Keynes Keynesian League of Nations long-term mechanism of adjustment ment Metzler million monetary money incomes national income neo-Keynesian nomic percent period primary products problem proportion rate of growth raw materials real income reduced result Review of Economics rise Say's Law Statistics stream of total structure tend terms of trade tion total domestic expenditure total expenditure trade balance United Kingdom volume wages world trade