We combine two strands of Post Keynesian growth theory by imposing a balance of payments constraint on a Kaldorian … play depends on the exchange rate and capital account regimes. Exports act as the only exogenous drivers of growth only … contrast, it is internal demand that serves as the only exogenous driver of of growth. Moreover, regardless of the type of …

Thirlwall's 1979 balance of payments constrained growth model predicts that a country's long run growth of GDP can be … approximated by the ratio of the growth of real exports to the income elasticity of demand for imports assuming negligible effects …

The BPCG model provides an interesting hypothesis regarding economic growth. The main implication is that world demand … consistently .nds an important role for the level of the real exchange rate and investment, independently of world demand growth. …

Thirlwall’s 1979 balance of payments constrained growth model predicts that a country’s long run growth of GDP can be … approximated by the ratio of the growth of real exports to the income elasticity of demand for imports assuming negligible effects …

Thirlwall’s 1979 balance of payments constrained growth model predicts that a country’s long run growth of GDP can be … approximated by the ratio of the growth of real exports to the income elasticity of demand for imports assuming negligible effects …

Capital mobility and economic growth: towards a theoretical synthesis - This paper aims at exploring theoretically the … literature regarding capital flows liberalization and economic growth. Precisely, we intend to analyze the role of capital … controls over economic growth. Mainstream literature discard capital controls as an alternative to foster economic growth …

factors of economic growth. Second, a country’s balance on the current account is mainly the difference between its exports …