Uneven development and the balance of payments constrained model: Terms of trade, economic cycles, and productivity catching-up
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DOI: 10.1016/j.strueco.2020.05.007
Abstract: This paper expands the Dutt (2002) version of the Balance of Payments Constrained Model (BPCM). We question the assumption of price-neutrality and the incompatibility between the BPCM and the Prebisch-Singer hypothesis (PSH) in terms of… read more here.
Keywords: payments constrained; balance payments; productivity; model ... See more keywords
Balance-of-Payments-Constrained Approach: Convergence Sustainability in the Region of Central and Eastern Europe
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DOI: 10.1080/1540496x.2018.1543584
Abstract: ABSTRACT The aim of this article is to clarify the Balance-of-Payments (BOP)-constrained growth approach (Thirlwall’s Law) in relation to the convergence theories. According to Thirlwall’s Law, we determine the balance of payments equilibrium growth rate… read more here.
Keywords: central eastern; convergence; region; balance payments ... See more keywords
Balance-of-Payments Constraints as the Key to Dependency: The Case of Argentina
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DOI: 10.1177/0094582x211069556
Abstract: Considering the constraints to growth derived from the balance of payments and the external sector as the area in which the dependency of Latin American countries is most clearly expressed, application of the contributions of… read more here.
Keywords: key dependency; balance payments; constraints key; dependency ... See more keywords