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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Crecimiento económico en México: restricción por la balanza de pagos
Ensayos Revista de Economía, 2016 The paper analyzes the Thirlwall’s Law for Mexico during 1993-2014. It includes unit roots and cointegration tests that incorporate endogenous structural breaks.
Ana Lourdes Morones Carrillo
doaj
Growth and convergence/divergence in productivity under balance-of-payments constraint [PDF]
This paper presents a model of convergence/divergence in productivity for two economies of different size and development building on Kaldor’s cumulative causation and the technological gap approaches to growth.
Ali, Anesa, Perez Caldentey, Esteban
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How well the balance-of-payments constraint approach explains the Portuguese growth performance. Empirical evidence for the 1965-2008 period [PDF]
, 2009 The present study aims to verify whether the balance-of-payments constrained growth approach is suitable for explaining the Portuguese growth performance during the last decades.
Antunes, Micaela, Soukiazis, Elias
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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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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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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
doaj
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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GROWTH CYCLES IN LATIN AMERICA AND DEVELOPED COUNTRIES [PDF]
The Minskyan approach to financial instability and its effects on the real economy have recently been revived in order to explain the exchange rate crises undergone by the so-called emergent economies. Economies of this type are characterized by repeated
Adriana Moreira Amado +2 more
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‘Export Led Growth’ x ‘Growth Led Exports’: What Matters for the Brazilian Growth Experience after Trade Liberalization? [PDF]
In this paper we study the Brazilian growth experience after trade liberalization by testing both the Export Led Growth (ELG) and the Growth Led Exports (GLE) hypotheses through a causality test between exports and gross domestic output (GDP).
Araujo, Ricardo Azevedo +1 more
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