International growth with free trade in equities and goods: A comment
Comments on shortcomings in the analysis by Hori and Stein in 1977 on different stages of creditor-debtor relationship. Occurrence of two swithces in the relationship with economic growth towards steady state; Absence of relationship between flow of capital and output per capita in consumer goods; Features of the Hori and Stein model; Analysis of the stages of balance of payments.
|Keywords||balance of payments, capital movements, consumer goods, economic development, international trade policy, stagnation (economics)|
de Vries, C.G.. (1983). International growth with free trade in equities and goods: A comment. International Economic Review, 761–769. Retrieved from http://hdl.handle.net/1765/12442