Thirlwall’s Law: The Case of Turkey, 1987-2011
This study applies Thirlwall’s law to Turkish economy from 1987:Q1 to 2011:Q4 period using Autoregressive Distributed Lag (ARDL) model and Kalman Filter method. Turkish economy has balance of payments deficits for last three decades.
Ebru Aricioğlu +2 more
semanticscholar +1 more source
Balance of Payments Constrained Growth Model: Evidence for Bolivia 1953-2002 [PDF]
Theoretical and empirical literature have focused on supply factors when studying economic growth determinants. The present work analyzes demand factors as determinants of the Bolivian economic growth between 1953-2002 using framework introduced by ...
Arevilca Vasquez, Bismarck Javier +1 more
core +4 more sources
How well the balance-of- payments constraint approach explains the Portuguese growth performance: empirical evidence for the 1965-2008 period [PDF]
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.
Elias Soukiazis, Micaela Antunes
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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
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
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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