Structural change, National Innovation System and balance-of-payments contraint: a theoretical and empirical analysis of the Brazilian case [PDF]
The paper explores the relationship between the income elasticities of demand for exports and for imports, economic growth, the technological content of local production, and the level of development of the National Innovation System (NIS).
Fabrício Silveira +2 more
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Structural changes, cointegration and the empirics of Thirlwall's law
Alberto Bagnai
semanticscholar +1 more source
Structural Change,Balance-of-Payments Constraint and Economic Growth: Evidence from the Multi-Sectoral Thirlwall’s Law [PDF]
Gilberto Tadeu Lima +1 more
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Thirlwall's law and the long-term equilibrium growth rate: an application to Brazil
Gustavo Britto, J. McCombie
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The endogeneity of the natural rate of growth in the region of Italy [PDF]
Lanzafame, Matteo
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A STRUCTURAL ECONOMIC DYNAMICS APPROACH TO BALANCE-OF-PAYMENTS-CONSTRAINED GROWTH [PDF]
Gilberto Tadeu Lima +1 more
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MUDANÇA ESTRUTURAL E CRESCIMENTO SOBRESTRIÇÃO EXTERNA NA ECONOMIA BRASILEIRA: 1962-2006 [PDF]
GILBERTO TADEU LIMA +1 more
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Blecker (2021) repeats an argument, first put forward by McCombie (1981) (but later repudiated by him) and also summarised by Blecker (2016, 2021) that the traditional test of Thirlwall’s law is merely estimating what Blecker terms a ‘near-tautology’ or ‘
J. McCombie
semanticscholar +1 more source
On empirical tests of Thirlwall’s law: a reply to Professor McCombie’s rejoinder
Review of Keynesian Economics, 2023Professor McCombie has provided a thoughtful response to my previous argument about a potential near-tautology in conventional empirical tests of Thirlwall’s law.
Robert A. Blecker
semanticscholar +1 more source
Thirlwall's law, given by the ratio of the rate of growth of exports to the income elasticity of imports is a key result of balance-of-payments-constrained long-run growth models with balanced trade. Some authors have extended the analysis to incorporate
Gustavo Bhering +2 more
semanticscholar +1 more source

