EMPIRICAL EVIDENCE OF THE BALANCE OF PAYMENTS CONSTRAINED GROWTH IN CUBA. THE EFFECTS OF COMERCIAL REGIMES SINCE 1960. [PDF]
This paper seeks to investigate whether the balance of payments has been a key determinant of the Cuban long-term economic growth during different commercial policy regimes spanning over the period 1960 to 2004. We focus here on built the impact of terms
Fugarolas Álvarez-Ude, Guadalupe +2 more
core +1 more source
Endogenous income elasticities
This paper deepens the analysis of the income elasticities of import and export demand in relation to the real exchange rate (RER) within a balance of payments constrained growth framework.
Fabrizio J. Missio
doaj +1 more source
Does the Balance-Of-Payments Matter At the Regional Level? [PDF]
The main focus of this paper is the importance of the balance-of-(international and interregional)-payments for the regional economies. Discussion centers on two points: 1) on one hand, we do believe that for regions, as a rule, at the overall balance-of-
Pedro N. Ramos
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RESUMO Este trabalho tem como objetivo avançar no debate em torno da Lei de Thirlwall Multissetorial, incluindo os fluxos de capitais setoriais e suas implicações para a nova estratégia de crescimento da economia brasileira, que visa estimular as ...
GUILHERME JONAS C. DA SILVA +2 more
doaj +1 more source
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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Tony Thirlwall (21 April 1941 – 8 November 2023)
The departure of Tony Thirlwall, a pioneer, renowned scholar, and a generous mentor, is a major loss to economics. This article reviews his main contributions to economics.
Esteban Pérez Caldentey +1 more
doaj +1 more source
Empirical Evidence of Elasticity of Export and Import Towards the Change of Prices and Income - The case of Republic of Macedonia [PDF]
The imbalance of balance of payments and the presence of continued growing current account deficit are significant value for the stability of external equilibrium for different time prospects especially for long-term periods.
Fetahi-Vehapi, Merale, Lutfiu, Liridona
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Structural heterogeneity, and endogeneity of elasticites on the balance-of-payments constrained growth model [PDF]
The aim of this paper is to demonstrate that, especially in developing countries, changes in the real exchange rate affect both the structure of production and the income elasticities of the demand for imports and exports – and, as a result, the balance ...
Fabrício Missio, Frederico G. Jayme Jr
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Cumulative Growth and the Catching-up Debate from a Dis-equilibrium Standpoint [PDF]
This paper presents an overview of the literature on 'cumulative growth'. It is argued that, independently of the 'new' growth theory, these models have achieved the nature of 'endogenous' growth models.
León-Ledesma, Miguel A.
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Working Paper 75 - External Shocks and the HIPC Initiative: Impacts on Growth and Poverty in Africa [PDF]
After providing a brief background on recent developments of terms of trade shocks anddebt relief initiatives, the paper uses a simple macroeconomic model to estimate theimpact of debt relief and terms of trade shocks on growth and poverty in ...
Bernard Gunter, Nureldin Hussain
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