Kamas, Linda - In: Journal of Money, Credit and Banking 18 (1986) 4, pp. 467-81
Three balance-of-payments equations are specified and estimated for Mexico and Venezuela. While a large offset is found for Venezuela, there is no evidence of a significant offset for Mexico in the 1970s. However, it is shown that from 1951 to 1970, the offset was close to minus one, suggesting...