Keynesian and schumpeterian efficiency in a BOP-constrained growth model [PDF]
The paper aims to contribute to the debate on specialization and growth in two forms. Firstly, it develops a North-South model in which the ratio between the income elasticity of exports and imports in the South (that gives the rate of growth compatible ...
Eva Catela, Gabriel Porcile
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New insights from a structural economic dynamic approach to balance of payments constrained growth [PDF]
In this paper it is shown that once-for-all variations in the level of the exchange rate may play an important role in the sectoral composition of the economy and this fact has important implications in terms of a disaggregated version of the Thirlwall’s
Araujo, Ricardo Azevedo
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The endogeneity of the natural rate of growth in Latin America [PDF]
This study estimates the natural rate of growth à la León-Ledesma and Thirlwall for a panel of eleven Latin American countries from 2000 to 2023 using the seemingly unrelated regressions (SUR) estimator.
Muller Durán, Nancy Ivonne +2 more
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A Restrição Externa como Fator Limitante do Crescimento Econômico Brasileiro: Um Teste Empírico [PDF]
Este artigo emprega a abordagem do crescimento econômico sob restrição externa, tal como desenvolvida a partir de Thirlwall (1979), para estimar empiricamente em que medida, se alguma, o crescimento brasileiro de longo prazo tem sido condicionado por ...
Antonio Tiago Loureiro Araujo dos Santos +2 more
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The Thirlwall's model of economic growth using state space representation and time-variying parameter stimation throught the Kalman filter: theory and empirical application for El Salvador, 1965-2010 [PDF]
, 2014 This thesis work centers its attention in understanding, from a Post Keynesian point of view, which are the main factors that have influenced the economic growth rate of El Salvador during the period of 1965 to 2010.
Tablas Valdez, Víctor Antonio
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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 +1 more
openaire +2 more sources
Foreign aid, conditionality, and ghost of the financing gap - a forgotten aspect of the aid debate [PDF]
Assessing Aid: What Works, What Doesn't, and Why (The World Bank, 1998) generated a new wave of controversy about foreign aid and policy conditionality that had seen several decades of intense debate.
Ranaweera, Thilak
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‘Export Led Growth’ x ‘Growth Led Exports’: What Matters for the Brazilian Growth Experience after Trade Liberalization? [PDF]
In this paper we study the Brazilian growth experience after trade liberalization by testing both the Export Led Growth (ELG) and the Growth Led Exports (GLE) hypotheses through a causality test between exports and gross domestic output (GDP).
Araujo, Ricardo Azevedo +1 more
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Regionale Effekte von Schocks auf die Euro-Länder: Die Reaktionen der Ausfuhren auf die internationalen Krisen [PDF]
Die Eintrübung der weltwirtschaftlichen Rahmenbedingungen infolge der Währungs- und Finanzkrisen in Asien und in Russland hatte im Verlauf von 1998 bis in das Jahr 1999 hinein zu einem merklichen Rückgang der Ausfuhren der Euro-Länder in diese Regionen ...
Michael Seifert
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