Balance of Payments and Economic Growth |
Contents
Background of Classical Mechanism Theory | 3 |
Monopoly Tariffs and the Determinants of Free Trade | 38 |
The Keynesian Contribution | 74 |
Copyright | |
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Common terms and phrases
abroad analysis assumed assumptions B's currency balance of payments balance-of-payments balancing process bank Britain British capital changes commodities compared costs country A's decline depreciation devaluation dollar shortage domestic prices economic development economic equilibrium economic growth Economic Journal effect England equilibrium excess capacity exchange rates expansion export prices export surplus factors foodstuffs foreign exchange foreign investment foreign trade Gervaise gold greater Ibid income effects increase industrial countries inflation international mechanism International Trade J. R. Hicks Jacob Viner Journal of Economics Keynes Keynesian League of Nations long-term mechanism of adjustment ment million monetary money incomes national income percent period primary products problem proportion quantity rate of growth raw materials real income reduced result Review of Economics rise rose Say's Law Simon Kuznets stream of total structure tend terms of trade theory tion total domestic expenditure total expenditure trade balance United Kingdom wages world trade