A growing number of recent research analyse the trade balance impact on economic growth.
However, ambiguous results of studies imply the need for the research as the deteriorating …

The mobilizing processes in terms of long-term impact on the economy of Greece and the
euro zone. Thereafter, Troika was invented in order to facilitate Greece to overcome the …

This work provides new evidence on the structural change processes undertaken by
countries trapped in the middle-income trap (MIT) by applying a comprehensive approach …

Nigeria has not been able to generate adequate revenue to match her expenditure over the
years. It is not surprising therefore, that the country frequently operates deficit budget with its …

The issue of twin imbalances is at the forefront of fiscal policy concerns in the South Asian
region, fuelled by an ever-going budget deficit and current account deficit over the last five …

A method for analysis of the dynamics of macroeconomic indicators based on the model of a
piecewise trend for economies of unstable growth is proposed. The relevance of the article …

Certain EU countries could not counter the effects of the 2008 global financial crisis. As a
result, they lost access to international markets. The EU attempted to resolve the European …

This study employs a system estimator to examine the validity of balance of payment
constrained growth model in the case of Nigeria. We modified a version of Thirlwall's model …

One the most fruitful demand-oriented approaches to the study of economic growth is the
balance-of-payments (BOP) constrained growth theory developed by Thirlwall (1979) based …

Balance of payments constrained growth model considers that if a country has a chronic
external deficit, economic growth can be constrained. Initial model extended by taking into …