Results 71 to 80 of about 125 (108)

Thirlwall’s law, uneven development, and income distribution

Metroeconomica, 2021
AbstractThis study builds a North–South trade and uneven development model and investigates the effects of changes in income distribution (the profit share) on economic growth rates of both countries. How a change in each country’s profit share affects both countries’ growth rates differs for the short‐ and long‐run equilibria.
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“Thirlwall’s Law” reconsidered

Empirica, 2015
Thirlwall’s Law is found to be the necessary but not sufficient condition for balanced long-run growth. A simple equation is considered whose empirical analysis could confirm—or reject—the validity of the Law. The analysis, conducted by means of econometric co-integration using the Dynamic Ordinary Least Squares method applied to data for 59 countries ...
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“Thirlwall’s Law” and Beyond: The Latin American Experience

Journal of Post Keynesian Economics, 2000
(2000). “Thirlwall’s Law” and Beyond: The Latin American Experience. Journal of Post Keynesian Economics: Vol. 22, No. 3, pp. 477-495.
Julio López G., Alberto Cruz B.
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Thirlwall’s Law and Uneven Development

Journal of Post Keynesian Economics, 2002
Thirlwall’s analysis of balance-of-payments–constrained growth, and what has come to be called Thirlwall’s Law, have usually been used to understand the determinants of growth for individual countr...
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Thirlwall's Law and the Gaps Model: A Unified Model

SSRN Electronic Journal, 2008
This article presents a unified model of the two main demand-based explanations of economic growth: Thirlwall's law and the two-gaps model. It is shown that, with certain specifications, the external gap is equivalent to Thirlwall's law with capital movements.
Mario García Molina, Jeanne Kelly Ruíz-Tavera   +1 more
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On empirical tests of Thirlwall’s law: a reply to Professor McCombie’s rejoinder

Review of Keynesian Economics, 2023
Professor McCombie has provided a thoughtful response to my previous argument about a potential near-tautology in conventional empirical tests of Thirlwall’s law. I accept his characterization of the argument as requiring that the estimated equations must be equivalent to ‘regressions through the origin,’ which could perhaps be called a ‘statistical ...
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Thirlwall’s Law and the Stability of Export and Import Income Elasticities

International Review of Applied Economics, 2001
The aim of this paper is to examine the stability of income elasticities used in Thirlwall's law to approximate a country's long-term growth and to see empirically how non-constancy will affect these predictions. For this purpose, three countries - Canada, New Zealand and the UK - are analysed, using annual time series data from 1973 to 1995.
Erkin I. Bairam, Lawrence Ng
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Externally constrained growth: Testing the applicability of Thirlwall’s law in South Africa

Development Southern Africa, 2019
This study tests whether the performance of South Africa’s trade balance, that is, the country’s export and import performance, can effectively explain the economy’s growth rate.
Mzwanele Ntshwanti, Kenneth Creamer
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Thirlwall’s Law and Palley’s Pitfalls: A Reconsideration

2006
This valuable and engaging new book bears eloquent testimony to A.P. Thirlwall’s substantial contribution to economics over the last 40 years. The volume does not attempt to provide a comprehensive review of such a prolific figure, but rather demonstrates the considerable influence that his work on economic theory has had on his contemporaries, and the
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An Application of Thirlwall’s Law to the Spanish Economy

Journal of Post Keynesian Economics, 1999
(1999). An Application of Thirlwall’s Law to the Spanish Economy. Journal of Post Keynesian Economics: Vol. 21, No. 3, pp. 431-439.
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