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Structural change, National Innovation System and balance-of-payments contraint: a theoretical and empirical analysis of the Brazilian case [PDF]

open access: yes
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
core  

Why the conventional test of Thirlwall’s law is still not a ‘near-tautology’: a rejoinder to Professor Blecker

Review of Keynesian Economics, 2023
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, 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.
Robert A. Blecker
semanticscholar   +1 more source

Thirlwall's law, external debt sustainability, and the balance-of-payments-constrained level and growth rates of output

Review of Keynesian Economics, 2019
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

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