Antunes, Micaela; Soukiazis, Elias - 2010
. It is found that the Law is a good instrument for predicting actual growth in Portugal and this result is reinforced by … performing the McCombie test. Our results reveal that Portugal grew slightly higher relatively to the OECD countries in the … "Thirlwall's Law" implies. Portugal also grew slightly faster than the rate consistent with the balance-of-payments equilibrium …