IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v60y1984i2p128-132.html
   My bibliography  Save this article

On Monetary Expansion, Terms of Trade and Economic Growth

Author

Listed:
  • YEUNG‐NAN SHIEH

Abstract

In a recent paper Roberts (1978) has extended Ramanathan's model (1975) to a two‐sector, two‐currency and two‐country neoclassical growth model with flexible exchange rates. Under the assumption that the consumption good is relatively capital intensive, Roberts obtains two important propositions: an increase in domestic monetary expansion will increase the domestic overall capital intensity, decrease the foreign overall capital intensity, and worsen the terms of trade for the country importing the investment good; an increase in domestic monetary expansion may increase or decrease the level of trade. In this paper, we add to and generalize these results by using a simple yet thorough comparative statics analysis without the factor intensity condition.1It will be seen that the complexity and ambiguity of Roberts' results are substantially reduced.

Suggested Citation

  • Yeung‐Nan Shieh, 1984. "On Monetary Expansion, Terms of Trade and Economic Growth," The Economic Record, The Economic Society of Australia, vol. 60(2), pages 128-132, June.
    • Handle: RePEc:bla:ecorec:v:60:y:1984:i:2:p:128-132
    DOI: 10.1111/j.1475-4932.1984.tb00845.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4932.1984.tb00845.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4932.1984.tb00845.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Y. N. Shieh & A. Takayama, 1980. "Monetary Expansion, Balance of Trade and Economic Growth:Comments and Clarifications," The Economic Record, The Economic Society of Australia, vol. 56(152), pages 94-98, March.
    2. William W. Roberts, 1978. "Monetary Expansion in an Open Economy of Intermediate Size," The Economic Record, The Economic Society of Australia, vol. 54(3), pages 380-386, December.
    3. Roberts, William W, 1978. "Monetary Expansion in an Open Economy of Intermediate Size," The Economic Record, The Economic Society of Australia, vol. 54(147), pages 380-386, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Y. Allen Tso, 1988. "Monetary Expansion, International Trade and Capital Accumulation," The Economic Record, The Economic Society of Australia, vol. 64(2), pages 113-119, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Y. N. Shieh & A. Takayama, 1980. "Monetary Expansion, Balance of Trade and Economic Growth:Comments and Clarifications," The Economic Record, The Economic Society of Australia, vol. 56(152), pages 94-98, March.
    2. Y. Allen Tso, 1988. "Monetary Expansion, International Trade and Capital Accumulation," The Economic Record, The Economic Society of Australia, vol. 64(2), pages 113-119, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:60:y:1984:i:2:p:128-132. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.