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Economic Growth and the Balance-of-Payments Constraint

Authors: McCombie, John, Thirlwall, A.P.

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eBook $59.99
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  • ISBN 978-1-349-23121-8
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Hardcover $290.00
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  • ISBN 978-0-312-10183-1
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  • ISBN 978-0-333-60112-9
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About this book

'... a well written book ... covering ... a vast amount of material ... well balanced between the theoretical and applied works. The authors are judicious and fair in providing a balanced treatment of the two alternative theories of growth performance: supply-oriented and demand-oriented. The book will serve as a guideline to researchers and policymakers ... as a textbook for upperdivision undergraduate and graduate courses.'- Kashi Nath Tiwari, Kennesaw State College This is the first book of its kind to argue in a consistent and comprehensive way the idea that a country's growth performance cannot be properly understood without reference to the performance of its tradeable goods sector and the strength of its balance of payments. It puts forward a demand orientated theory of why growth rates differ between countries where the major constraint on demand is the balance of payments. The book is critical of neoclassical growth analysis and provides an alternative theory of growth performance to the supply orientated approach of neoclassical theory. There are theoretical chapters comparing and contrasting neoclassical growth analysis with the new demand orientated approach, and empirical sections which apply the new model to regions and countries, including two case studies of the UK and Australia.

About the authors

Author A.P. Thirlwall: Tony has lectured widely in developing countries and has been a consultant to several international agencies including the African Development Bank, the Asian Development Bank, the UN Conference on Trade and Development (UNCTAD) and the Pacific Islands Development Program in Hawaii. He has written a number of specialized texts in the field of development economics and is Series Editor of Palgrave's Great Thinkers in Economics collection.

Table of contents (10 chapters)

  • Alternative Theories of Growth Performance: I The Supply Orientated and Neoclassical Approaches

    McCombie, J. S. L. (et al.)

    Pages 1-154

  • Alternative Theories of Growth Performance: II The Demand Orientated Approach

    McCombie, J. S. L. (et al.)

    Pages 155-231

  • The Balance-of-Payments Constraint as an Explanation of International Growth Rate Differences

    McCombie, J. S. L. (et al.)

    Pages 232-261

  • Non-Price Competition, Trade and the Balance of Payments

    McCombie, J. S. L. (et al.)

    Pages 262-300

  • Critiques and Defences of the Balance-of-Payments Constrained Growth Model

    McCombie, J. S. L. (et al.)

    Pages 301-391

Buy this book

eBook $59.99
price for USA (gross)
  • ISBN 978-1-349-23121-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $290.00
price for USA
  • ISBN 978-0-312-10183-1
  • Free shipping for individuals worldwide
  • This title is currently reprinting. You can pre-order your copy now.
Softcover $79.99
price for USA
  • ISBN 978-0-333-60112-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Economic Growth and the Balance-of-Payments Constraint
Authors
Copyright
1994
Publisher
Palgrave Macmillan UK
Copyright Holder
J. S. L. McCombie and A. P. Thirlwall
eBook ISBN
978-1-349-23121-8
DOI
10.1007/978-1-349-23121-8
Hardcover ISBN
978-0-312-10183-1
Softcover ISBN
978-0-333-60112-9
Edition Number
1
Number of Pages
XXX, 616
Topics