Book/Monograph
The Balance-of-Payment Constraint and Growth Rate Differences Among African and East Asian Economies
The balance-of-payments constrained growth rate model postulates that the balance of payments position of a country is the main constraint on economic growth, because it imposes a limit on demand to which supply can adapt. In its basic form, the model is epitomized by the 'dynamic Harrod foreign trade multiplier' which postulates that the growth rate of country can...
0
5
0
0
Book/Monograph
The Balance-of-Payment Constraint and Growth Rate Differences Among African and East Asian Economies
The balance-of-payments constrained growth rate model postulates that the balance of payments position of a country is the main constraint on economic growth, because it imposes a limit on demand to which supply can adapt. In its basic form, the model is epitomized by the 'dynamic Harrod foreign trade multiplier' which postulates that the growth rate of country can...
0
11
0
0