Economic growth in an open developing economy: the role of structure and demand
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cheltenham
Edward Elgar Pub
2013
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| Schlagworte: | |
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| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | 1 Online-Ressource (200 Seiten) |
| ISBN: | 9781781955338 |
| DOI: | 10.4337/9781781955338 |
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| 505 | 8 | |a This concise yet insightful sequel to the highly acclaimed The Nature of Economic Growth provides a comprehensive critique of both old and new growth theory, highlighting the importance of economic growth for reducing poverty. A.P. Thirlwall illustrates that orthodox growth theory continues to work with one-good models and to treat factor supplies as exogenously given, independent of demand. Orthodox trade theory still ignores the balance of payments consequences of different patterns of trade specialisation when assessing the welfare effects of trade. The author goes on to present theory underpinned by up-to-date empirical evidence that factors of production and productivity growth are endogenous to demand, and that the structure of production and trade matter for the long-run growth performance of countries because of their impact on the balance of payments. He concludes that trade liberalisation has proved disappointing in improving the trade-off between growth and the balance of payments. This book will provide a challenging read for students and academics in the fields of economics, heterodox economics, and development. Policymakers focussing on the relationship between growth, trade and the balance of payments will also find the book to be of great interest | |
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| contents | 1. Divisions in the world economy and the importance of economic growth -- 2. Growth theory : old and new -- 3. A critique of orthodox growth theory : structure and demand matter for economic growth -- 4. The endogeneity of the natural rate of growth, and constraints on demand -- 5. Balance of payments constrained growth -- 6. Trade liberalisation, the balance of payments, growth, inequality and poverty This concise yet insightful sequel to the highly acclaimed The Nature of Economic Growth provides a comprehensive critique of both old and new growth theory, highlighting the importance of economic growth for reducing poverty. A.P. Thirlwall illustrates that orthodox growth theory continues to work with one-good models and to treat factor supplies as exogenously given, independent of demand. Orthodox trade theory still ignores the balance of payments consequences of different patterns of trade specialisation when assessing the welfare effects of trade. The author goes on to present theory underpinned by up-to-date empirical evidence that factors of production and productivity growth are endogenous to demand, and that the structure of production and trade matter for the long-run growth performance of countries because of their impact on the balance of payments. He concludes that trade liberalisation has proved disappointing in improving the trade-off between growth and the balance of payments. This book will provide a challenging read for students and academics in the fields of economics, heterodox economics, and development. Policymakers focussing on the relationship between growth, trade and the balance of payments will also find the book to be of great interest |
| ctrlnum | (ZDB-1-EWE)NLM010902643 (OCoLC)1312690474 (DE-599)BVBBV047924130 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.4337/9781781955338 |
| format | Electronic eBook |
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| geographic | Entwicklungsländer (DE-588)4014954-7 gnd |
| geographic_facet | Entwicklungsländer |
| id | DE-604.BV047924130 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:33:55Z |
| indexdate | 2024-08-05T08:44:29Z |
| institution | BVB |
| isbn | 9781781955338 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033305718 |
| oclc_num | 1312690474 |
| open_access_boolean | |
| owner | DE-12 DE-634 DE-1043 DE-1046 DE-573 DE-M347 DE-898 DE-BY-UBR DE-859 DE-860 DE-861 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-Re13 DE-BY-UBR DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-20 DE-706 DE-824 DE-29 DE-739 |
| owner_facet | DE-12 DE-634 DE-1043 DE-1046 DE-573 DE-M347 DE-898 DE-BY-UBR DE-859 DE-860 DE-861 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-Re13 DE-BY-UBR DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-20 DE-706 DE-824 DE-29 DE-739 |
| physical | 1 Online-Ressource (200 Seiten) |
| psigel | ZDB-1-EWE |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Edward Elgar Pub |
| record_format | marc |
| spellingShingle | Thirlwall, A. P. Economic growth in an open developing economy the role of structure and demand 1. Divisions in the world economy and the importance of economic growth -- 2. Growth theory : old and new -- 3. A critique of orthodox growth theory : structure and demand matter for economic growth -- 4. The endogeneity of the natural rate of growth, and constraints on demand -- 5. Balance of payments constrained growth -- 6. Trade liberalisation, the balance of payments, growth, inequality and poverty This concise yet insightful sequel to the highly acclaimed The Nature of Economic Growth provides a comprehensive critique of both old and new growth theory, highlighting the importance of economic growth for reducing poverty. A.P. Thirlwall illustrates that orthodox growth theory continues to work with one-good models and to treat factor supplies as exogenously given, independent of demand. Orthodox trade theory still ignores the balance of payments consequences of different patterns of trade specialisation when assessing the welfare effects of trade. The author goes on to present theory underpinned by up-to-date empirical evidence that factors of production and productivity growth are endogenous to demand, and that the structure of production and trade matter for the long-run growth performance of countries because of their impact on the balance of payments. He concludes that trade liberalisation has proved disappointing in improving the trade-off between growth and the balance of payments. This book will provide a challenging read for students and academics in the fields of economics, heterodox economics, and development. Policymakers focussing on the relationship between growth, trade and the balance of payments will also find the book to be of great interest Electronic books Economic development Offene Volkswirtschaft (DE-588)4172486-0 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd Wachstumstheorie (DE-588)4128160-3 gnd |
| subject_GND | (DE-588)4172486-0 (DE-588)4066527-6 (DE-588)4128160-3 (DE-588)4014954-7 |
| title | Economic growth in an open developing economy the role of structure and demand |
| title_auth | Economic growth in an open developing economy the role of structure and demand |
| title_exact_search | Economic growth in an open developing economy the role of structure and demand |
| title_exact_search_txtP | Economic growth in an open developing economy the role of structure and demand |
| title_full | Economic growth in an open developing economy the role of structure and demand A.P. Thirlwall |
| title_fullStr | Economic growth in an open developing economy the role of structure and demand A.P. Thirlwall |
| title_full_unstemmed | Economic growth in an open developing economy the role of structure and demand A.P. Thirlwall |
| title_short | Economic growth in an open developing economy |
| title_sort | economic growth in an open developing economy the role of structure and demand |
| title_sub | the role of structure and demand |
| topic | Electronic books Economic development Offene Volkswirtschaft (DE-588)4172486-0 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd Wachstumstheorie (DE-588)4128160-3 gnd |
| topic_facet | Electronic books Economic development Offene Volkswirtschaft Wirtschaftswachstum Wachstumstheorie Entwicklungsländer |
| url | https://doi.org/10.4337/9781781955338 |
| work_keys_str_mv | AT thirlwallap economicgrowthinanopendevelopingeconomytheroleofstructureanddemand |