Results 1 to 10 of about 105 (90)
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
doaj +16 more sources
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
doaj +5 more sources
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
doaj +2 more sources
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
doaj +3 more sources
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
doaj +4 more sources
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
Davila Fernandez, M. J., Sordi, Serena
openaire +2 more sources
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
doaj +1 more source
Thirlwall's law is not a tautology, but some empirical tests of it nearly are [PDF]
Review of Keynesian Economics, 2021 This article examines the charge that Thirlwall's law is a theoretical tautology. It shows that a certain approach to empirical testing of that law can sometimes – under conditions analysed here – result in econometric estimates that reflect an approximate identity or ‘near-tautology’.
openaire +1 more source
The relevance of Thirlwall’s growth law in the Zambian economy
Metroeconomica, 2023 AbstractThis paper uses a blended methodology—conventional tests of ‘Thirlwall's law’ combined with an in‐depth growth narrative approach and unit root tests—to identify the dominant balance‐of‐payments adjustment mechanism in the Zambian economy over the period 1956–2017. Consistent with Thirlwall's growth law, the main results identify income changes
Lewis Chimfwembe, Kevin S. Nell
openaire +1 more source
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
doaj +1 more source