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Economic Growth in an Open Developing Economy : The Role of Structure and Demand. A.P.サールウォール著 開かれた発展途上経済における経済成長
・ISBN 978-1-78195-532-1 2013 hard GB£ 101.00
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・ISBN 978-1-78254-484-5 2014 paper GB£ 29.95
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| 著者・編者 | Thirlwall, A. P., |
|---|---|
| 出版社 | (E. Elgar, UK) |
| ページ数 | 189 pp. |
| 言語 | ENG |
| ニュース番号 | ＜600-398 605-367＞ |
解説
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 specialization 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.