Add to ORKGThis 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-rate policy rules consistent with a stable ratio of net exports to income. Given such rules, the text shows how the trade balance of a small open economy is residually determined by the ratio of foreign debt to income allowed by international conditions
This paper contributes to the literature on balance-of-paymentsconstrained growth by investigating h...
As per the balance of payments constraint hypothesis, in an open economy, achieving a high long-run ...
Abstract: This paper develops a general extended version of the balance-of-payments constrained grow...
This paper extends the balance-of-payments constraint on growth known as Thirlwall's law to incorpor...
The balance-of-payments (BP) constraint on growth is usually asso-ciated with Thirlwall’s (1979) mod...
The paper shows that if long-run balance of payments equilibrium on current account is a requirement...
In the most developing and transforming countries, the crucial constraint on the growth rate income...
This paper outlines the theory which Thirlwall uses to determine the growth of domestic income and a...
This paper contributes to the literature on balance-of-payments constrained growth by investigating ...
PostKeynesian economists state that there is a direct relationship between balance-of-payments an...
This paper contemplates the robustness of Thirlwall’s Law, a parsimonious expression that relates lo...
Thirlwall’s 1979 balance of payments constrained growth model predicts that a country’s long run gro...
This paper surveys balance of payments constrained growth models from Thirlwall’s original contribut...
Abstract: It is derived a balance-of-payments equilibrium growth rate analogous to Thirlwall´s Law f...
Professor Thirlwall has argued that the growth rate of a country is constrained by the requirement t...
This paper contributes to the literature on balance-of-paymentsconstrained growth by investigating h...
As per the balance of payments constraint hypothesis, in an open economy, achieving a high long-run ...
Abstract: This paper develops a general extended version of the balance-of-payments constrained grow...
This paper extends the balance-of-payments constraint on growth known as Thirlwall's law to incorpor...
The balance-of-payments (BP) constraint on growth is usually asso-ciated with Thirlwall’s (1979) mod...
The paper shows that if long-run balance of payments equilibrium on current account is a requirement...
In the most developing and transforming countries, the crucial constraint on the growth rate income...
This paper outlines the theory which Thirlwall uses to determine the growth of domestic income and a...
This paper contributes to the literature on balance-of-payments constrained growth by investigating ...
PostKeynesian economists state that there is a direct relationship between balance-of-payments an...
This paper contemplates the robustness of Thirlwall’s Law, a parsimonious expression that relates lo...
Thirlwall’s 1979 balance of payments constrained growth model predicts that a country’s long run gro...
This paper surveys balance of payments constrained growth models from Thirlwall’s original contribut...
Abstract: It is derived a balance-of-payments equilibrium growth rate analogous to Thirlwall´s Law f...
Professor Thirlwall has argued that the growth rate of a country is constrained by the requirement t...
This paper contributes to the literature on balance-of-paymentsconstrained growth by investigating h...
As per the balance of payments constraint hypothesis, in an open economy, achieving a high long-run ...
Abstract: This paper develops a general extended version of the balance-of-payments constrained grow...