Growth in Open Economies:
The years following World War II have witnessed an increasing interest in the effects of growth on trade, the patterns of international specialization, and the terms of trade. On the one hand, some English economists have maintained the Ricardian tradition of diminishing returns, rising food prices...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Berlin, Heidelberg
Springer Berlin Heidelberg
1971
|
| Ausgabe: | 1st ed. 1971 |
| Schriftenreihe: | Lecture Notes in Economics and Mathematical Systems
59 |
| Schlagworte: | |
| Online-Zugang: | BTU01 URL des Erstveröffentlichers |
| Zusammenfassung: | The years following World War II have witnessed an increasing interest in the effects of growth on trade, the patterns of international specialization, and the terms of trade. On the one hand, some English economists have maintained the Ricardian tradition of diminishing returns, rising food prices and, therefore, declining British terms of trade, while,on the other hand Prebisch, Singer, and other critics have attempted to document and explain a long-run decline in the terms of trade of the underdeveloped countries. Finally, in a reaction to this concentration on a single factor as the determinant of international price movements, a group of economists, began a systematic investigation of the role of growth in trade and the terms of trade using neoclassical assumption. This study,particularly in its assumptions regarding demand, falls into the tradition of the last group. However, it extends the tradition by treating growth as a continuous process, dependent on saving out of produced income and the growth rate of population in two trading economies. Therefore, in addition to answering the comparative statics questions regarding the trends in the terms of trade, it develops the conditions which guarantee that the two economies will approach a state of unique long-run balanced growth, in which all per capita variables, as well as the terms of trade, stabilize. Moreover, these methods permit some discussion of changes in the patterns of specialization |
| Beschreibung: | 1 Online-Ressource (VI, 130 p) |
| ISBN: | 9783642806643 |
| DOI: | 10.1007/978-3-642-80664-3 |
Internformat
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| 520 | |a The years following World War II have witnessed an increasing interest in the effects of growth on trade, the patterns of international specialization, and the terms of trade. On the one hand, some English economists have maintained the Ricardian tradition of diminishing returns, rising food prices and, therefore, declining British terms of trade, while,on the other hand Prebisch, Singer, and other critics have attempted to document and explain a long-run decline in the terms of trade of the underdeveloped countries. Finally, in a reaction to this concentration on a single factor as the determinant of international price movements, a group of economists, began a systematic investigation of the role of growth in trade and the terms of trade using neoclassical assumption. This study,particularly in its assumptions regarding demand, falls into the tradition of the last group. However, it extends the tradition by treating growth as a continuous process, dependent on saving out of produced income and the growth rate of population in two trading economies. Therefore, in addition to answering the comparative statics questions regarding the trends in the terms of trade, it develops the conditions which guarantee that the two economies will approach a state of unique long-run balanced growth, in which all per capita variables, as well as the terms of trade, stabilize. Moreover, these methods permit some discussion of changes in the patterns of specialization | ||
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| spelling | Hanson, J.A. Verfasser aut Growth in Open Economies by J.A. Hanson 1st ed. 1971 Berlin, Heidelberg Springer Berlin Heidelberg 1971 1 Online-Ressource (VI, 130 p) txt rdacontent c rdamedia cr rdacarrier Lecture Notes in Economics and Mathematical Systems 59 The years following World War II have witnessed an increasing interest in the effects of growth on trade, the patterns of international specialization, and the terms of trade. On the one hand, some English economists have maintained the Ricardian tradition of diminishing returns, rising food prices and, therefore, declining British terms of trade, while,on the other hand Prebisch, Singer, and other critics have attempted to document and explain a long-run decline in the terms of trade of the underdeveloped countries. Finally, in a reaction to this concentration on a single factor as the determinant of international price movements, a group of economists, began a systematic investigation of the role of growth in trade and the terms of trade using neoclassical assumption. This study,particularly in its assumptions regarding demand, falls into the tradition of the last group. However, it extends the tradition by treating growth as a continuous process, dependent on saving out of produced income and the growth rate of population in two trading economies. Therefore, in addition to answering the comparative statics questions regarding the trends in the terms of trade, it develops the conditions which guarantee that the two economies will approach a state of unique long-run balanced growth, in which all per capita variables, as well as the terms of trade, stabilize. Moreover, these methods permit some discussion of changes in the patterns of specialization Economic Growth Economic Theory/Quantitative Economics/Mathematical Methods Economic growth Economic theory Operations Research (DE-588)4043586-6 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf Operations Research (DE-588)4043586-6 s DE-604 Wirtschaftswachstum (DE-588)4066527-6 s Erscheint auch als Druck-Ausgabe 9783540056713 Erscheint auch als Druck-Ausgabe 9783642806650 https://doi.org/10.1007/978-3-642-80664-3 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Hanson, J.A Growth in Open Economies Economic Growth Economic Theory/Quantitative Economics/Mathematical Methods Economic growth Economic theory Operations Research (DE-588)4043586-6 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| subject_GND | (DE-588)4043586-6 (DE-588)4066527-6 |
| title | Growth in Open Economies |
| title_auth | Growth in Open Economies |
| title_exact_search | Growth in Open Economies |
| title_exact_search_txtP | Growth in Open Economies |
| title_full | Growth in Open Economies by J.A. Hanson |
| title_fullStr | Growth in Open Economies by J.A. Hanson |
| title_full_unstemmed | Growth in Open Economies by J.A. Hanson |
| title_short | Growth in Open Economies |
| title_sort | growth in open economies |
| topic | Economic Growth Economic Theory/Quantitative Economics/Mathematical Methods Economic growth Economic theory Operations Research (DE-588)4043586-6 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| topic_facet | Economic Growth Economic Theory/Quantitative Economics/Mathematical Methods Economic growth Economic theory Operations Research Wirtschaftswachstum |
| url | https://doi.org/10.1007/978-3-642-80664-3 |
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