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Growth in an Interdependent World Economy: Linking the National Models through International Trade

  • Rumen Dobrinsky
  • István Székely

Summary

This chapter analyzes the effects of different national growth patterns on world trade in real and monetary terms. The world model that underlies our estimations connects the national models via export and import functions in such a way that total world exports equal total world imports in monetary and real terms. The results of different simulation exercises are presented.

Keywords

Foreign Trade Money Supply Import Price Export Price Domestic Currency 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Klein, L. (1983), The Economics of Supply and Demand. ( Oxford: Basil Blackwell )Google Scholar
  2. Leontief, W. et al. (1977), The Future of the World Economy. A United Nations Study. ( New York and Oxford, UK: Oxford University Press).Google Scholar
  3. Sawyer, J. (1979), Modelling the International Transmission Mechanism. ( Amsterdam: North-Holland. )Google Scholar
  4. Waelbroeck, J. (ed.) (1976), The Models of Project Link. ( Amsterdam: North-Holland )Google Scholar
  5. Welsch, H. (1987), An Aggregate Import Demand Model for Long-Term Projections, Jahrbücher für Nationalökonomie und Statistik, 203/204, pp. 372–382.Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 1989

Authors and Affiliations

  • Rumen Dobrinsky
  • István Székely

There are no affiliations available

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