Results 11 to 20 of about 125 (108)
Structural changes, cointegration and the empirics of Thirlwall's law [PDF]
Applied Economics, 2010 Thirlwall's law establishes a relation between the long-run growth rate, the growth of exports and the long-run income elasticity of imports. The estimation of this parameter requires cointegration techniques, which in turn require a large span of data, thus exposing the estimates to risks of structural changes.
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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
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Structural changes and economic growth in the world economy and Russia [PDF]
Russian Journal of Economics, 2019 The article considers the problem of the relationship of structural changes and economic growth in the global economy and Russia in the framework of different methodological approaches. At the same time, the paper provides the analysis of complementarity
Valeriy V. Mironov +1 more
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Финансы: теория и практика, 2021 The article aims to analyze the external and internal growth factors of the People’s Republic of China in 2010–2017. The authors use methods such as input-output modeling, statistical methods, content analysis of scientific publications.
A. A. Bykov +3 more
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Balance of payment constrained economic growth in Nigeria: How useful is the Thirlwall's hypothesis?
Future Business Journal, 2018 This paper examines the Balance-of-Payment (BOP) constraint growth model in Nigeria for the period of 1980 to 2012 using the bounds testing Auto regressive Distributed Lag (ARDL) approach. The ARDL test suggests that the variables in the framework have a
Ismail O. Fasanya, Ismail A. Olayemi
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Criticisms and defences of the balance-of-payments constrained growth model: some old, some new
PSL Quarterly Review, 2011 This paper assesses various critiques that have been levelled over the years against Thirlwall’s Law and the balance-of-payments constrained growth model.
John S.L. McCombie
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PSL Quarterly Review, 2013 In a recent article A.P. Thirlwall derived what he termed a “fundamental law” which he argued explains the disparate post-war growth rates of advanced countries.
J.S.L. MCCOMBIE
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Balance-constrained growth rates: generalizing Thirlwall’s law [PDF]
Applied Economics Letters, 2014 In this article, we show how the concept of balance of payments-constrained growth rate developed by Thirlwall (1979) can be generalized as the growth rate constrained by the balance between any two economic variables. In particular, we derive two new concepts: the government balance-constrained growth rate and the private balance-constrained growth ...
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TECHNOLOGICAL INTENSITY LEVEL AND MULTI-SECTORAL THIRLWALL’S LAW IN BRAZIL (1998-2014)
Análise Econômica, 2021 The aim of this paper is to estimate the Multi-Sectoral Thirlwall’s Law for Brazil (1998-2014), considering the regional heterogeneities in productive sectors for eachlevel of technological intensity. For that purpose, a panel data, with the system GMMmethodology, was used to estimate income elasticities from brazilian states’ exports andimports.
Teixeira, Felipe Orsolin +1 more
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The balance-of-payments constraint: from balanced trade to sustainable debt
PSL Quarterly Review, 2012 This paper extends the balance-of-payments constraint on growth known as Thirlwall's law to incorporate unbalanced trade and debt accumulation. Assuming that small open economies face a liquidity constraint, the text shows the growth and real-exchange ...
Nelson H. Barbosa-Filho
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