文章基本信息

标题：Balance of Payments Constrained Economic Growth in the Baltics
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作者：Jorgen Drud Hansen ; Virmantas Kvedaras
期刊名称：Ekonomika
印刷版ISSN：2424-6166
电子版ISSN：1392-1258
出版年度：2004
卷号：65
页码：82-91
DOI：10.15388/Ekon.2004.17342
摘要：This paper examines, the prospects for economic growth in the three Baltic countries in a framework of a balance of payment constrained growth model. Based on an estimation of income elasticities of imports and assumptions about export growth, GDP growth rates are calculated consistent with balance of payment equilibrium or alternatively, consistent with a given growth rate of capital imports. The results show that the calculated rates of growth for Estonia and Lithuania are lower than the growth rates predicted from traditional supply side oriented growth models.