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171.087  Articles
1 of 17.110 pages  |  10  records  |  more records»
The paper argues that the balance of payments is a monetary phenomenon, and that it can only be understood by the application of monetary theory. Although this may seem obvious, it tends to be obscured from public understanding, and the understanding even... see more

The paper shows that if long-run balance of payments equilibrium on current account is a requirement then a country's long run growth rate can be approximated by the ratio of the growth of exports to the income elasticity of demand for imports. The model ... see more

This paper assesses various critiques that have been levelled over the years against Thirlwall’s Law and the balance-of-payments constrained growth model. It starts by assessing the criticisms that the law is largely capturing an identity; that the law of... see more

Thirlwall’s 1979 balance of payments constrained growth model predicts that a country’s long run growth of GDP can be approximated by the ratio of the growth of real exports to the income elasticity of demand for imports assuming negligible effects from r... see more

This paper extends the balance-of-payments constraint on growth known as Thirlwall's law to incorporate unbalanced trade and debt accumulation. Assuming that small open economies face a liquidity constraint, the tex... see more

Bank’s off-balance sheet operations have grown rapidly in recent years. The ‘off’ balance sheet description denotes that the activities involve contingent commitments or contracts which generate income to a bank, but are not normally captured as assets or... see more

The Common Agricultural Policy (CAP), one of the main forces working for the integration of EEC member countries, generates an economic burden for each member which affects the balance of payments and the real income. This study assesses, for each member ... see more

The neo-classical approach to the question of why growth rates differ between countries concentrates on the supply side of the economy using the concept of the production function. While this approach is fruitful, it does little to explain why the growth ... see more

1 of 17.110 pages  |  10  records  |  more records»