Construct · 1 fields · 1 citations

dependent economy model: a standalone construct

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International macroeconomics

a small open economy model with traded and nontraded goods in which expenditure and relative prices must jointly reach internal and external balance.

In international macroeconomics, dependent economy model refers to a small open economy model with traded and nontraded goods in which expenditure and relative prices must jointly reach internal and external balance. This meaning comes from Salter (1959) in Economic Record.[1]

Unit
Recovery means
Measured by

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Nearby constructs

balance4 fields · 5 citationsjingle · one word, four constructs model3 fields · 3 citationsjingle · one word, three constructs must2 fields · 2 citationsjingle · one word, two constructs

References

Salter, W. E. G. (1959). Internal and External Balance: the Role Op Price and Expenditure Effects. Economic Record, 35(71), 226-238. https://doi.org/10.1111/j.1475-4932.1959.tb00462.x

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