rate of profit with the post-Keynesian balance-of-payments-constrained growth model (Thirlwall’s Law). In this regard … stylized facts of many small and open economies that experienced rapid economic growth and balance of payments crises from the …

growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal … relationship between financial integration and economic growth. Furthermore, there is little evidence that developing countries … have been consistently successful in using financial integration to stabilize fluctuations in consumption growth. However …

and optimal allocation which prevent development. It is first and foremost the lack of a sufficient credit-investment … under which regulations and conditions a credit-investment process in developing countries is possible. …

savings, investment, and labour supply in neoclassical models, and to the rate of unemployment in job search models. These …

-potential growth helps rebalancing and disinflation, these imbalances endure. The financial sector still looks resilient thanks to … unsustainable growth and externally viable but low growth. Monetary policy needs to bring inflation and inflation expectations …

turn, slowed down growth. In this essay a preliminary reconstruction of the balance of payments on current account allows … us to reject this view. In fact, a net capital inflow made possible to meet the demand for investment boosting economic …

model. We find that i) government spending increases output and induces a simultaneous decline of investment and the current … account, but does not affect consumption; ii) the responses of output and investment are smaller in more open economies, while … simultaneous decline in investment and the current account. …