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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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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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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Foreign Trade and Economic Growth: Evidence of Thirlwall’s Law in Iran
Journal of Social and Development Sciences, 2011 Thirlwall’s law establishes a relation between the long-run growth rate, the growth of exports and the long-run income elasticity of imports. This paper applies Thirlwall’s basic balance-of-payments constraint growth model to Iranian economic growth for the period of 1971-2007 by using Autoregressive Distributed Lag (ARDL) Bounds Testing approach ...
Ahmad Jafari Samimi +1 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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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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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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