Are international growth rates constrained by the balance of payments? A comment on Professor Thirlwall

Authors

  • J.S.L. MCCOMBIE

DOI:

https://doi.org/10.13133/2037-3643/11058

Keywords:

A.P. Thirlwall, post-war growth, model, supply, demand

Abstract

In a recent article A.P. Thirlwall derived what he termed a “fundamental law” which he argued explains the disparate post-war growth rates of advanced countries. In this note, the author takes issue with Thirlwall’s model, showing that together with the empirical evidence it is not capable of discriminating between the demand and the supply orientated approaches to growth.


JEL: F32, F43

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Published

2013-11-21

How to Cite

MCCOMBIE, J. (2013). Are international growth rates constrained by the balance of payments? A comment on Professor Thirlwall. PSL Quarterly Review, 34(139). https://doi.org/10.13133/2037-3643/11058

Issue

Vol. 34 No. 139 (1981)

Section

Editorial

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