A small open economic growth model with imported goods, tourism, and terms of trade
This paper constructs an economic growth model of a small open economy with tourism and imported goods in a perfectly competitive economy. The study focuses on the effects of changes in terms of trade, with a preference for imported goods, on the dynamic paths of trade balance and economic growth. T...
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| Format: | Article |
| Language: | English |
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Coimbra University Press
2018-02-01
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| Series: | Notas Económicas |
| Online Access: | https://impactum-journals.uc.pt/notaseconomicas/article/view/5303 |