Results 11 to 20 of about 105 (90)
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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Structural changes, cointegration and the empirics of Thirlwall's law [PDF]
Applied Economics, 2008 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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Why Thirlwall's law is not a tautology: more on the debate over the law [PDF]
Review of Keynesian Economics, 2019 This paper reconsiders the argument first debated in the 1980s and revisited by Blecker (2016) and Razmi (2016), inter alios, that Thirlwall's law is nothing but a near-identity. It is shown theoretically and by simulation analysis that this proposition is erroneous.
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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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A THIRLWALL’S LAW APPLICATION TO INTERNATIONAL TRADE IN SERVICES
Investigación Económica, 2023 The international trade in services has grown exponentially, both in developed and developing countries, outpacing the manufacturing growth. According to the literature, there are two waves of growth in the services sector: A first wave in developing countries specializing in traditional services; a second wave in developed countries and producers of ...
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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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