A Model of Adjustment and Growth: An Empirical Analysis
A model that merges the monetary approach to the balance of payments and a neoclassical growth model into a unified framework in which inflation, growth, and the balance of payments are simultaneously determined is estimated. The tradeoff between the simplifying assumptions of the model and its ability to fit reality is assessed in terms of a diverse sample of seven capital importing developing countries for which the key parameters of the model are estimated, and the sensitivity of the implied policy multipliers is determined.
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Volume (Year): 37 (1990)
Issue (Month): 1 (March)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Reinhart, Carmen & Khan, Mohsin, 1989.
"Private investment and economic growth in developing countries,"
13655, University Library of Munich, Germany.
- Khan, Mohsin S. & Reinhart, Carmen M., 1990. "Private investment and economic growth in developing countries," World Development, Elsevier, vol. 18(1), pages 19-27, January.
- Khan, Mohsin S. & Montiel, Peter & Haque, Nadeem U., 1990. "Adjustment with growth : Relating the analytical approaches of the IMF and the World Bank," Journal of Development Economics, Elsevier, vol. 32(1), pages 155-179, January.
- Balassa, Bela, 1978. "Exports and economic growth : Further evidence," Journal of Development Economics, Elsevier, vol. 5(2), pages 181-189, June.
- repec:pal:imfstp:v:37:y:1990:i:1:p:168-182 is not listed on IDEAS
- Khan, Mohsin S, 1987. "Macroeconomic Adjustment in Developing Countries: A Policy Perspective," World Bank Research Observer, World Bank Group, vol. 2(1), pages 23-42, January.
- Reinhart, Carmen, 1989.
"A model of adjustment and growth: An empirical analysis,"
14101, University Library of Munich, Germany.
- Reinhart, Carmen, 1990. "“A Model of Adjustment and Growth," MPRA Paper 8145, University Library of Munich, Germany.
- Reinhart, Carmen, 1991. "A model of adjustment and growth: An empirical analysis," MPRA Paper 13233, University Library of Munich, Germany.
- Haque, Nadeem U & Montiel, Peter, 1989. "Consumption in Developing Countries: Tests for Liquidity Constraintsand Finite Horizons," The Review of Economics and Statistics, MIT Press, vol. 71(3), pages 408-15, August.
- Sherman Robinson, 1971. "Sources of Growth in Less Developed Countries: A Cross-Section Study," The Quarterly Journal of Economics, Oxford University Press, vol. 85(3), pages 391-408.
- Tyler, William G., 1981. "Growth and export expansion in developing countries : Some empirical evidence," Journal of Development Economics, Elsevier, vol. 9(1), pages 121-130, August.
- Mohsin S. Khan & Peter J. Montiel, 1989. "Growth-Oriented Adjustment Programs: A Conceptual Framework," IMF Staff Papers, Palgrave Macmillan, vol. 36(2), pages 279-306, June.
- repec:pal:imfstp:v:35:y:1988:i:1:p:104-140 is not listed on IDEAS
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