Macrodinâmica do produto sob restrição externa: a experiência brasileira no período 1930-2004 [PDF]
, 2008 O artigo analisa o comportamento do produto e da renda agregada no Brasil ao longo do período compreendido entre 1930 e 2004, com que pretende contribuir para o alargamento do horizonte de compreensão das restrições que se interpõem, para além do curto e
CARVALHO, Veridiana Ramos +1 more
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PSL Quarterly Review, 2017 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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Growth rates constrained by internal and external imbalances: a demand orientated approach. [PDF]
Thirlwall’s Law considers that growth can be constrained by the balance-of-payments when the current account is in permanent deficit. The Law focuses on external imbalances as impediments to growth and does not consider the case where internal imbalances
Elias Soukiazis +2 more
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The balance-of-payments constraint:from balanced trade to sustainable debt
PSL Quarterly Review, 2001 This paper extends the balance-of-payments constraint on growth known as Thirlwall's law to incorporate unbalanced trade and debt accumulation. Assuming that small open economies face a liquidity constraint, the text shows the growth and real-exchange ...
Nelson H. Barbosa-Filho
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Export and Economic Growth in the Case of the Manufacturing Industry: Panel Data Analysis of Developing Countries [PDF]
, 2012 The correlation between growth in export and economic growth, which is called “Export-led Growth Hypothesis” in the literature, is still a current issue in both the theoretical and empirical literature.
Betül Altay Topcu, Emine Kılavuz
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Long-Run Growth in Open Economies: Export-Led Cumulative Causation or a Balance-of-Payments Constraint? [PDF]
The post-Keynesian tradition contains two different models of long-run growth in open economies -- the model of export-led cumulative causation (ELCC) originally conceived by Nicholas Kaldor and the model of balance-of-payments-constrained growth (BPCG ...
Robert A. Blecker
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THIRLWALL’S LAW AND NEW-DEVELOPMENTALISM: WHAT ARE THE LIMITS FOR LONG-RUN GROWTH?
, 2023 José Luís Oreiro
openalex +2 more sources
Crescimento da economia brasileira e fluxo de capitais a partir da Lei de Thirlwall:1968-1980 e 1992-2000 [PDF]
Capital flows are expected to be important in the process of economic growth for several reasons. One of them is their importance in relaxing the balance of payments constraints as envisaged by Thirlwall’s law, which states that when economic growth ...
José Gabriel Porcile Meirelles +1 more
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The balance of payments as a constraint on Turkey's growth, 1960 - 2004 [PDF]
, 2008 The aim of this study is to test the existence of balance of a payments constraint on the long run economic growth of the Turkish economy. The balance of payments constrained growth (BPCG) model which was developed by Thirlwall (1979) and extended by ...
Campbell, Al, Pacaci Elitok, Secil
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