Thiriwall's 1979 balance of payments constrained growth model predicts that a country's
long-run growth of GDP can be approximated by the ratio of the growth of real exports to the …

" The author presents conventional wisdom with a critical eye and charts development
economics as it has evolved from Adam Smith to'new'or endogenous growth theory …

This concise yet insightful sequel to the highly acclaimed The Nature of Economic Growth
provides a comprehensive critique of both old and new growth theory, highlighting the …

This paper analyses the liberalisation of foreign direct investment (FDI) in Mexico since the
late 1980s, and its relationships with exports and imports. Such a process has eased the …

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

The aim of this paper is to disentangle the effects of trade liberalization during the mid-1980s
from the liberalization involved in the North American Free Trade Agreement (NAFTA) on …

This paper applies the balance-of-payments-constrained growth model to 17 countries of
Latin America over the period 1977-2002. The crucial parameter to estimate is the income …

This paper estimates a structural model of the balance of payments, with disaggregated
exports (manufactures and other) and imports (final and intermediate), and a reduced-form …

Previous studies have found that a tightening of the balance of payments (BP) constraint can
explain the slowdown in Mexico's growth after its trade liberalization in the late 1980s. This …

El presente artículo analiza la evolución de la formación bruta de capital fijo en México, en
especial, las interacciones entre la privada y la pública, y su relación con el ritmo de …