Purpose – The aim of this paper is to contribute to the literature on balance-of-payments-constrained growth by providing an innovative empirical evaluation of a disaggregated version of the so-called Thirlwall's Law derived from a Pasinettian multisectoral framework....

Purpose – The purpose of this paper is to study the impact of the real exchange rate on investment in the Brazilian manufacturing industry. Design/methodology/approach – The authors develop an investment model that considers the effect of changes in the real exchange rate, taking into...

Purpose – The aim of this paper is to contribute to the literature on balance‐of‐payments‐constrained growth by providing an innovative empirical evaluation of a disaggregated version of the so‐called Thirlwall's Law derived from a Pasinettian multisectoral framework....

Purpose The purpose of this paper is to contribute to the literature on demand-driven Keynesian growth in open economies by developing a formal model that combines Dixon and Thirlwall’s (1975) export-led growth model and Thirlwall’s (1979) balance-of-payments constrained growth model into a...