英语翻译III.Development Spending and Local Funds5.This section builds on the conventional national income accounts framework toformulate a three-gap model for examining the nature of the local financing gap.Eq1expresses a familiar identity:(G-T)

Question

英语翻译
III.Development Spending and Local Funds
5.This section builds on the conventional national income accounts framework to
formulate a three-gap model for examining the nature of the local financing gap.Eq1
expresses a familiar identity:(G-T) is the fiscal deficit; G is government expenditure; T is
revenue; Sp and Ip represent private savings and private investments respectively; (M-E)
is the current account balance; M represents imports,and E is exports.
(G-T) = (Sp-Ip) + (M-E) Eq1
6.Eq1 provides a basis for the “two-gap” thesis; it envisages the economy as
constrained by a savings-investment gap and a foreign financing gap (Chennery and
Strout,1966).Given a growth target,if internal savings were to constrain investments,or
if the trade gap were to limit imports required for production,foreign aid will,in each
case,bridge the financing gap and help to accelerate economic growth.While the
proponents of the two-gap model were aware of other constraints on economic growth,
the model was focused on the foreign financing gap,and was applied in quantifying the
foreign resource requirements for achieving planned growth targets in the LDCs.

Answer 1

三.发展消费和当地的基金
5.这部分是建立在传统的国民收入帐户框架
为检验制定three-gap模型性质的地方的资金缺口.Eq1
表示一个熟悉的身份:(G-T)是财政赤字,政府的开支;G是难免的
收入;Sp和Ip代表私人储蓄和私人投资;(M-E分别)
是经常账户余额中,M代表进口,和E是出口.
(G-T)=(Sp-Ip Eq1)+(M-E)
6.Eq1提供了依据,为“two-gap”命题;它设想的经济情况
一个savings-investment约束条件下,差距和外国的资金缺口(Chennery和
Strout,1966).给定一个增长目标,如果内部积蓄投资或约束
如果美国的贸易顺差是限制进口生产所需,外国援助,在每一个
的情况下,桥的资金缺口,有利于加快经济增长.而
模型的支持者two-gap意识到别的约束对经济增长,
该模型都集中在外国的资金缺口,并将其应用于定量检测
为实现计划外国资源需求的增长目标的关系.