TIME DYNAMICS OF STABILIZATION THEORIES AND RESPONSES TO DEBT AND FINANCIAL CRISES: AN ANALYSIS OF MEXICO, ARGENTINA, NIGERIA AND GHANA, 1960-2011
This paper uses continuous time series data from 1960 to 2011 to evaluate the contributions of foreign income to domestic macroeconomic stability. Foreign income is operationalized as income from major trading partners. Elasticity and absorption models are used to examine the effects of foreign income on domestic trade imbalances and per capita national income under narrow and broad theoretical propositions of partial and general equilibrium analyses. The reliance on foreign income is shown to be tenuous, but saving has a greater impact on per capita national income. Expansionary monetary policy may be beneficial to growth beyond immediate stabilization challenges.
Year of publication: |
2014
|
---|---|
Authors: | WARBURTON Christopher E.S. |
Published in: |
Applied Econometrics and International Development. - Euro-American Association of Economic Development. - Vol. 14.2014, 2
|
Publisher: |
Euro-American Association of Economic Development |
Subject: | Debt Crises | Devaluation | IMF | Foreign Income | Stabilization Theories |
Saved in:
Online Resource
Type of publication: | Article |
---|---|
Classification: | F31 - Foreign Exchange ; F32 - Current Account Adjustment; Short-Term Capital Movements ; F33 - International Monetary Arrangements and Institutions ; F34 - International Lending and Debt Problems ; G01 - Financial Crises |
Source: |
Persistent link: https://www.econbiz.de/10010938506
Saved in favorites
Similar items by subject
-
Warburton, Christopher E. S., (2014)
-
MACROECONOMETRIC STABILIZATION AND IMF POLICIES: A SURVEILLANCE OF INFLATION
WARBURTON, C.E.S., (2014)
-
What Do We Know About the Global Financial Safety Net? A New Comprehensive Data Set
Scheubel, Beatrice D., (2016)
- More ...