منابع مشابه
Gender, Distribution, and Balance of Payments Constrained Growth
An unresolved debate in the development literature concerns the impact of gender inequality on economic growth. Previous studies have found that the effect varies, depending on the measure of inequality (wages or capabilities). This paper expands that discussion by considering both the shortand long-run, evaluating the effects of gender equality in two types of economies—semi-industrialized eco...
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In order to test the existence of Thirlwall’s law for Turkey during the period of 19802008, bounds test approach to cointegration is applied. The empirical results suggest that Thirlwall’s law holds for Turkey. This study also suggests some policy recommendations to curb the deficits in the balance-of-payments.
متن کاملThe Effects of Devaluation of Irans Balance of Payments
Devaluation has different effects on the structure of trade patterns in countries which have a fixed exchange rate regime. The experience of devaluation in many countries has clearly shown that devaluation policies have not always led to the improvement of their trade pattern structures. Some empirical studies have revealed that after employing devaluation, the real rate of money in some nation...
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From the perspective of new growth models and new international trade theories, both exports and imports play an important role in a dynamic economy. Economically, we cannot merely emphasize on a positive trade balance and we ignore the benefits of imports, and also we cannot advise negative trade balance. But the main concern of policy makers about international trade should be making stabilit...
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This study builds a multi-sectoral balance-of-payments constrained growth model that incorporates some structural heterogeneity between sectors and countries, such as differences in labor productivity, price competition, share of exports and imports, and the quality of commodities. The model in the current paper generates more comprehensive results than Thirlwall (1979), Blecker (1998), and Ara...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 1972
ISSN: 0013-0133
DOI: 10.2307/2230242