Further Evidence on the Validityof Thirlwall's Law

• Autorzy: Leon Podkaminer
• Języki publikacji: EN

Abstrakty

EN

A simple equation is considered whose empirical analysis could confirm - or reject - the validity of Thirlwall's Law. Autoregressive Distributed Lags (Bounds) approach is used to establish the empirical adequacy of the Law. The analysis, working with data for 58 countries and covering the years 1960-2012, suggests that the Law may not hold for the decisive majority of countries considered.(original abstract)

Słowa kluczowe

EN

Law; Trade; Sustainable development; Cooperation

PL

Prawo; Handel; Rozwój zrównoważony; Współpraca

• Czasopismo: Scientific Journal of Bielsko-Biala School of Finance and Law
• Rocznik: 2017
• Numer: nr 1
• Strony: 75--86

Twórcy

autor

Leon Podkaminer

• Bielsko-Biała School of Finance and Law

Bibliografia

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• [11.] Thirlwall, A.P. 1979. The balance of payments constraint as an explanation of international growth rate differences. Banca Nazionale del Lavoro Quarterly Review, vol. 32, no. 128, 45-53.
• [12.] Thirlwall, A. P. 2011. Balance of payments constrained growth models: history and overview. University of Kent, School of Economics Discussion Papers, KDPE 1111, May.
• [13.] Thirlwall, A. P. and Hussain M. N. 1982. The balance of payments constraint, capital flows and growth rate differences between developing countries. Oxford Economic Papers, vol. 34, no. 5, 498-510.
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Identyfikatory

DOI

10.19192/wsfip.sj1.2017.5