Essays about: "balance of trade elasticity"

Found 1 essay containing the words balance of trade elasticity.

  1. 1. Trade and Economic Development - Estimating Price and Income Elasticity on the World Market

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Anders Pettersson; [2006]
    Keywords : export; development; balance of payments; income elasticity; price elasticity; Economics; econometrics; economic theory; economic systems; economic policy; Nationalekonomi; ekonometri; ekonomisk teori; ekonomiska system; ekonomisk politik; Business and Economics;

    Abstract : The balance-of-payments-constrained growth theory has emerged as perhaps the most interesting objection to the doctrine of unregulated free trade within the field of development economics. It stipulates that growth is constrained by demand, particularly demand for exports because exports are the only source for foreign currency (assuming balanced current account in the long run) and thus crucial to the acquisition of capital goods scarce in much of the developing world. READ MORE