This article surveys selected recent contributions and debates regarding fundamental
aspects of the theory of balance‐of‐payments‐constrained growth (BPCG). The survey …

This paper derives a balance-of-payments equilibrium growth rate analogous to Thirlwall's
Law from a Pasinettian multi-sector macrodynamic framework. The resulting formula, which …

The balance of payments (BP) constraint on growth is usually associated with Thirlwall's
(1979) model, which imposes balanced trade as a necessary longrun constraint on open …

The orthodox, mainstream (classical and neoclassical) approach to the analysis of the
growth performance of countries is to focus on resource availability and the supply of factor …

Post-Keynesian economists concerned with long-run growth in open economies have
developed two related but fundamentally different theoretical approaches: the export-led …

Una versión anterior del presente trabajo fue presentada en el taller GRADE “A Micro
Approach to Poverty Analysis”, organizado por la Universidad de Trento, Italia, en febrero de …

Kaldor's long insistence on the importance of both static and dynamic increasing returns to
scale (broadly defined to include induced technical progress) in understanding the growth …

This paper addresses (I) the transition dynamics incompatibility between the BPCM and the
Prebisch-Singer hypothesis (PSH)(II) the causes of cyclical volatility in developing countries …

From 1940 to 1981 Mexico experienced spectacular economic growth, with its gross
domestic product (GDP) expanding in real terms at a speed that outpaced that of the United …

The methodological prescription that a structurally unstable model should be rejected is
critically analysed by considering Goodwin's predator–prey model [GPPM; Goodwin, RM …