The remarkable durability of Thirlwall’s Law [PDF]
PSL Quarterly Review, 2011 This paper contemplates the robustness of Thirlwall’s Law, a parsimonious expression that relates long run equilibrium growth in any one region to the product of world income growth and the ratio of the income elasticities of demand for exports and ...
Mark Setterfield
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FURTHER EVIDENCE ON THE VALIDITY OF THIRLWALL’S LAW [PDF]
Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej, 2017 A simple equation is considered whose empirical analysis could confirm – or reject – the validity of Thirlwall’s Law. Autoregressive Distributed Lags (Bounds) approach is used to establish the empirical adequacy of the Law.
Leon Podkaminer
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Thirlwall’s Law: An Application to Poland [PDF]
AlterEconomics, 2022 The present study validates assumptions of Thirlwall’s law and illustrates its implication for Poland. Furthermore, a rarely used “strong” form of Thirlwall’s law is tested.
Tatyana Yu. Fedoseeva +1 more
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External Sector and Growth in Colombia, 1986-2016
Revista de Relaciones Internacionales, Estrategia y Seguridad, 2022 This article estimates income and price elasticities in foreign trade and their practical application in Thirlwall's multilateral economic growth model for six of Colombia's main trading partners from 1986 to 2016.
Germán Sánchez +2 more
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Structural change, catching up and falling behind in the BRICS: A comparative analysis based on trade pattern and Thirlwall’s Law [PDF]
PSL Quarterly Review, 2016 The BRICS (Brazil, Russia, India, China and South Africa) have gradually become more than an acronym as their governments have been engaging in international and political negotiations as if they were a regional economic group.
Andre Nassif +2 more
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A multi-sectoral approach to the Harrod foreign trade multiplier [PDF]
, 2018 With this inquiry, we seek to develop a multi-sectoral version of the static Harrod foreign trade multiplier, by showing that it can be derived from an extended version of the Pasinettian model of structural change and international trade.
Araujo, Ricardo Azevedo, Trigg, Andrew B
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Comparative Analysis Of Balances Of Payments Of Ukraine And Poland In The Post-crisis Economic Environment [PDF]
, 2013 The condition of a country’s balance of payments is a crucial factor for effective development in small open economies, such as Poland and Ukraine. Because of their dependence on the climate in international markets, Poland and Ukraine are especially ...
Lypko, Nazariy
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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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Harrod-Domar Dilemma, Thirlwall’s Law and Green New Developmentalism [PDF]
Brazilian Journal of Political EconomyThe article aims to address the ecological transition into a model that integrates the Harrod-Domar Dilemma and the New Developmentalism according to a Green New Developmentalism perspective.
CHIARA GRAZINI +2 more
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