Kvedaras, Virmantas - In: Baltic Journal of Economics 5 (2005) 2, pp. 48-65
-constrained growth model, based on the specification of a dynamic import function, which describes the short-term and long-term import … behaviour in a different way. McCombie and Thirlwall have implicitly argued for a similar specification of the import function … in the analyses of this kind. Econometrically, the import function is formulated, in this article, as a conditional Error …