Bianchi, Carluccio; Lorenzini, Eleonora - Dipartimento di Scienze Economiche e Aziendali, … - 2014
This paper aims to apply the balance of payments constrained-growth model to explain Euro area growth performance in … version of the basic model are outlined. The application of these models to the Euro area experience shows that Thirlwall … unsatisfactory EMU growth experience, therefore, appear to be a decreasing export dynamics and a rising dependence on imports. Given …