Payment Balance Theories and the Mechanisms of Adaptation

• Authors: Najlepszy E.
• Languages of publication: PL

Abstracts

EN

All conventional theories of balance of payments are static in nature and they do not address the issue how to create conditions that would assist economies in efforts to accelerate growth. The debates on problems related to balances of payments in industrial and developing countries most frequently are focusing on explaining the degree to which negative gaps in them constrain economic growth. There emerges a danger that premises, for policy measures deduced from conventional approaches to balance of payments theory, might lead to erroneous conclusions and thus contribute to ineffective or counter-effective decisions in macroeconomic policies. Structural complexity of the balance of payments should be taken into account when policies aiming at the elimination of the undesired gaps are contemplated. The measures to be applied should take into consideration the differing characteristics of goods that countries produce and trade.

Keywords

EN

BALANCE OF PAYMENTS; ECONOMIC GROWTH; MACROECONOMIC POLICIES

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Komitet Nauk Ekonomicznych PAN, Polskie Towarzystwo Ekonomiczne
• Journal: Ekonomista
• Year: 2006
• Issue: 5
• Pages: 597-617
• Document type: ARTICLE

Contributors

author

Najlepszy E.

• E. Najlepszy, Akademia Ekonomiczna w Poznaniu, al.Niepodleglosci 10, 60-967 Poznan, Poland

Identifiers

CEJSH db identifier

07PLAAAA02104465