Tharnpanich, Nat; McCombie, John S. L. - In: Journal of Post Keynesian Economics 35 (2013) 4, pp. 569-598
This paper tests the balance-of-payments constrained growth model using Thailand as a case study. The study explicitly … considers the potential existence of a structural break when estimating the model. On balance, it is found that Thailand's long …, changes in the terms of trade also played a role, but had an adverse effect on the growth performance of Thailand. Thailand …
