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Criticisms and defences of the balance-of-payments constrained growth model: some old, some new

This paper assesses various critiques that have been levelled over the years against Thirlwall’s Law and the balance-of-payments constrained growth model. It starts by assessing the criticisms that the law is largely capturing an identity; that the law of one price renders the model incoherent; and...

Ausführliche Beschreibung

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Bibliografische Detailangaben
1. Verfasser: John S.L. McCombie
Format: Artigo
Sprache:Inglês
Veröffentlicht: Associazione Economia civile 2011-12-01
Schriftenreihe:PSL Quarterly Review
Schlagworte:
Online-Zugang:https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/9405
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