Aldana, Yanod Márquez - In: Revista de Economía Institucional 11 (2009) July-December, pp. 179-203
This paper presents an extended model that includes Thirlwall’s simple rule. Growth in Mexico fell from an annual average of 6,76% in 1961-1981 to 2,95% in the 1982-2004 period. Net flows of capital, rents and transfers promote and stabilize the economy, while devaluation does not improve...