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Thirlwall's law and the terms of trade: a parsimonious extension of the balanceof-payments-constrained growth model

Author

Listed:
  • Ignacio Perrotini-Hernández

    (National Autonomous University of Mexico, Mexico City, Mexico)

  • Juan Alberto Vázquez-Muñoz

    (Meritorious Autonomous University of Puebla, Puebla, Mexico)

Abstract

Endogenous growth, capital accumulation and Thirlwall's dynamics: the case of Latin America

Suggested Citation

  • Ignacio Perrotini-Hernández & Juan Alberto Vázquez-Muñoz, 2019. "Thirlwall's law and the terms of trade: a parsimonious extension of the balanceof-payments-constrained growth model," Review of Keynesian Economics, Edward Elgar Publishing, vol. 7(4), pages 444-462, October.
    • Handle: RePEc:elg:rokejn:v:7:y:2019:i:4:p444-462
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    More about this item

    Keywords

    growth; capital accumulation; balance of payments; Latin America;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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