Some Factors Determining International Dependence of National Economies

Andersson, A.E. (1979). Some Factors Determining International Dependence of National Economies. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-79-098

Preview

Text WP-79-098.pdf Download (841kB) | Preview

Abstract

The work on regional development at IIASA is oriented to problems of long term development of regions and systems of regions. For this purpose models of growth and development at the interregional level have been designed and implemented in a number of economies open to international trade, among others in Bulgaria and Sweden.

The design of such models as well as economic policies has to take into account the susceptibility to international trade and growth cycles. It has generally been assumed that openness is closely related to the size of the national economy. This casts serious doubts on this hypothesis. It claims that most economies, whether small or large, must incorporate the influence of international trade and factor relations in their models of planning and forecasting. The paper has been presented at the IIASA Task Force Meeting on "Problems in Long-Term Macroeconomic Planning and Forecasting in Small, Open Economies," 19-21 September, 1979.

Actions (login required)

View Item