Results 61 to 70 of about 125 (108)

Thirlwall's law and the two-gap model: toward a unified "dynamic gap" model

Journal of Post Keynesian Economics, 2009
This paper puts forward a unified model of two of the most relevant demand-based explanations of economic growth—Thirlwall's law and the two-gap model. Under certain specifications, it is shown that Thirlwall's law extended with capital flows is equivalent to the "external gap." Our unified model, expressed in growth rates, is particularly useful to ...
García-Molina, Mario, Ruíz-Tavera, Jeanne Kelly   +1 more
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Thirlwall’s Law, Investment, Productive Chains and Domestic Markets

Revista Mexicana de Economía y Finanzas
The aim of this paper is to apply the extended Thirlwall’s Law, which incorporates capital accumulation to explain China’s (1971 – 2022) and Mexico’s (1961 – 2022) output growth rates. We use the ARDL cointegration methodology to estimate their import demand functions.
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MULTI-SECTOR THIRLWALL’S LAW AND TECHNOLOGICAL PROGRESS

Análise Econômica, 2011
In this paper we introduce Thirlwall’s Law in the Pasinetti’s model of Structural Change in order to study uneven development when technological progress is taken into account. The main result of the Thirlwall’s analysis is verified here, that is, the growth rate of per capita income of a country depends on the growth rate of its exports.
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Efeitos de variações cambiais em uma abordagem de dinâmica de mudança estrutural à teoria do crescimento restrito pelo balanço de pagamentos The effects of exchange rate variations in a structural economic dynamic approach to the balance of payment constrained growth theory

Economia e Sociedade, 2012
Neste trabalho, mostra-se que variações once-for-all do nível da taxa de câmbio podem desempenhar um papel importante na composição setorial da economia e tal fato tem implicações importantes em termos de uma versão desagregada da Lei de Thirlwall mesmo ...
Ricardo Azevedo Araujo
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Mudança estrutural e crescimento sob restrição externa na economia brasileira: uma análise empírica do período 1962-2006 com considerações sobre o II PND Structural change and economic growth under external constraint in the Brazilian economy: 1962-2006

Economia e Sociedade, 2013
Este artigo reporta exercícios empíricos que, ao explorar implicações da Lei de Thirlwall Multissetorial, contribuem para a compreensão da relação entre mudança estrutural, restrição externa e crescimento econômico na economia brasileira no período 1962 ...
Raphael Rocha Gouvêa, Gilberto Tadeu Lima   +1 more
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ECONOMIC GROWTH AND THIRLWALL'S LAW: AN ANALYSIS FOR LATIN AMERICAN ECONOMIES

Análise Econômica, 2012
O objetivo do presente estudo é demonstrar se, utilizando a metodologia Engle-Granger, os cinco países latino-americanos selecionados (Argentina, Brasil, Chile, Colômbia e México) realmente observaram para o período 1980-2005, uma variação na sua elasticidade renda das importações, de forma a que esta tenda a suavizar a restrição imposta pela lei de ...
Esteves, Luis Eduardo, Correia, Fernando Motta   +1 more
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Developing Countries’ Deadlock: What Does the Thirlwall's Law Offer Us?

Sosyoekonomi
This study aims to discuss potential alternatives for economic development in developing countries, with contributions from the theoretical background of Thirlwall's law. Developing countries' foreign trade constraints will be highlighted, followed by a comparison of Türkiye's past growth performance with results obtained from Thirlwall’s Law equations
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Balance of payments and economic growth in Nigeria: The applicability of Thirlwall’s Law

Bussecon Review of Social Sciences (2687-2285)
This study investigates the validity of Thirlwall’s Law in Nigeria, examining whether balance-of-payments constraints affects economic growth in Nigeria. Utilizing annual data from 1980 to 2020, the analysis employs an autoregressive distributed lag (ARDL) model to estimate the income elasticity of imports and tests for cointegration to verify long ...
Joseph Denwi, Nenubari Ikue
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Editorial: The forty years of the Thirlwall's Law

, 2020
Britto, Gustavo, Romero, João Prates
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Thirlwall's Law with Terms of Trade and Capital Flow: Evidence from Ethiopia

This paper seeks to answer ‘Is Thirlwall’s growth law valid and do the long run joint effect of relative price movement and changes in net capital inflow converge to zero in the case of Ethiopia?”. Vector Error Correction with Johansen approach to Cointegration and, Stock Watson Dynamic Ordinary Least Square approach to Cointegration were used to ...
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