Annex: The Thirlwall-Hussain Model
- Auteur: Nations Unies
- Main Title: Survey of Economic and Social Developments in the Arab Region 2013-2014 , pp 89-93
- Date de Publication : décembre 2014
- DOI: https://doi.org/10.18356/62132b19-en
- Language: Anglais
The basis for the TH model is the two-gap model (equation 1), which considers the savings gap (left hand side) or the foreign exchange gap – also known as the external finance gap – (the first term on the right hand side) as the most binding constraints, because the government budget deficit is considered as being driven by one of those gaps.
© United Nations
ISBN (PDF):
9789210570817
Book DOI:
https://doi.org/10.18356/bb58a8b1-en
Related Subject(s):
Développement économique et social
Sustainable Development Goals:
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