FURTHER EVIDENCE ON THE VALIDITY OF THIRLWALL’S LAW [PDF]
Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej, 2017 A simple equation is considered whose empirical analysis could confirm – or reject – the validity of Thirlwall’s Law. Autoregressive Distributed Lags (Bounds) approach is used to establish the empirical adequacy of the Law.
Leon Podkaminer
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The remarkable durability of Thirlwall’s Law [PDF]
PSL Quarterly Review, 2011 This paper contemplates the robustness of Thirlwall’s Law, a parsimonious expression that relates long run equilibrium growth in any one region to the product of world income growth and the ratio of the income elasticities of demand for exports and ...
Mark Setterfield
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Thirlwall’s Law: An Application to Poland [PDF]
AlterEconomics, 2022 The present study validates assumptions of Thirlwall’s law and illustrates its implication for Poland. Furthermore, a rarely used “strong” form of Thirlwall’s law is tested.
Tatyana Yu. Fedoseeva +1 more
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Harrod-Domar Dilemma, Thirlwall’s Law and Green New Developmentalism [PDF]
Brazilian Journal of Political EconomyThe article aims to address the ecological transition into a model that integrates the Harrod-Domar Dilemma and the New Developmentalism according to a Green New Developmentalism perspective.
CHIARA GRAZINI +2 more
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Thirlwall’s Law and uneven development under Global Value Chains: a multi-country input–output approach [PDF]
Journal of Economic Structures, 2020 A notable macroeconomic explanation of uneven development, with particular relevance to developing countries, has been the problem of balance of payments constraints, as captured by Thirlwall’s Law: where relative growth rates are explained by ...
Andrew B. Trigg
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BALANCE OF PAYMENTS CONSTRAINED, STRUCTURAL CHANGE AND NATIONAL INNOVATION SYSTEM
Cadernos CEPEC, 2018 There is one major criticism about balance of payment constrained growth models, which states that the long run growth is determined by the average rate of exports in relation with the ratio of income elasticity of imports.
Douglas Alcântara Alencar
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Thirlwall's law: Binding constraint or ‘centre‐of‐gravity’?
Metroeconomica, 2023 AbstractThirlwall's law is one of the most powerful empirical regularities in demand‐led growth theories. In recent years, the challenges imposed by globalisation have led to a new wave of studies incorporating into this framework topics such as ecological sustainability, the complexity of innovation processes, the role of institutions, the composition
Marwil J. Dávila-Fernández +1 more
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External Sector and Growth in Colombia, 1986-2016
Revista de Relaciones Internacionales, Estrategia y Seguridad, 2022 This article estimates income and price elasticities in foreign trade and their practical application in Thirlwall's multilateral economic growth model for six of Colombia's main trading partners from 1986 to 2016.
Germán Sánchez +2 more
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Structural change, catching up and falling behind in the BRICS: A comparative analysis based on trade pattern and Thirlwall’s Law [PDF]
PSL Quarterly Review, 2016 The BRICS (Brazil, Russia, India, China and South Africa) have gradually become more than an acronym as their governments have been engaging in international and political negotiations as if they were a regional economic group.
Andre Nassif +2 more
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Balance of Payments Constraint and Economic Growth: Evidence from the Thirlwall’s Law in Developing Oil Countries (ARDL and Kalman Filter Approach) [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2020 In the Balance of Payments Constrained Growth (BPCG) model, demand variables such as export and import determine the limit of economic growth in the long run.
Ali Arabmazar Yazdi +3 more
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