Alleyne, Dillon; Francis, Alfred A. - In: Metroeconomica 59 (2008) 2, pp. 189-202
The paper clarifies some issues raised in the basic model of balance of payments-constrained growth due to Thirlwall and later extensions by Thirlwall and Hussain and Moreno-Brid. The model is also adapted to include both interest payments and net transfers. The latter variable has become very...