Models of Balance of Payments Constrained Growth History, Theory and Empirical Evidence

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Publisher: Palgrave Macmillan
ISBN: 9781137023940
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Description

Description

This book extends Thirlwall’s model and adapts its implications to the current problems facing developed and emerging economies. In this context, this book combines theoretical models and empirical applications, unveiling new results and highlighting the importance of the balance of payments as a constraint to growth.