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Podkaminer Leon (Bielsko-Biała School of Finance and Law)
Further Evidence on the Validityof Thirlwall's Law
Zeszyty Naukowe / Wyższa Szkoła Finansów i Prawa w Bielsku Białej, 2017, nr 1, s. 75-86, tab., bibliogr. 14 poz.
Scientific Journal of Bielsko-Biala School of Finance and Law
Słowa kluczowe
Prawo, Handel, Rozwój zrównoważony, Współpraca
Law, Trade, Sustainable development, Cooperation
Klasyfikacja JEL: F43, F15, F62, F32, O41, O49
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)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Pełny tekst
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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.
  14. Wu, Y. 2011 Growth, expansion of markets, and income elasticities in world trade. IMF working paper no. 05/11.
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