The Balance-of-Payments-Constrained Growth Model and the Limits to Export-Led Growth
This paper discusses how A. P. Thirlwall's model of balance-of-payments-constrained growth can be adapted to analyze the idea of a "fallacy of composition" in the export-led growth strategy of many developing countries. The Deaton-Muellbauer model of the Almost Ideal Demand System (AI...
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| Format: | Article |
| Language: | English |
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Korea Institute for International Economic Policy
2000-12-01
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| Series: | East Asian Economic Review |
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| Online Access: | http://dx.doi.org/10.11644/KIEP.JEAI.2000.4.4.74 |