The aim of this study is to test the existence of balance of a payments constraint on the long run economic growth of … the Turkish economy. The balance of payments constrained growth (BPCG) model which was developed by Thirlwall (1979) and … growth ; international trade ; elasticity ; neo-liberalism …

In his letter to US President Franklin D. Roosevelt Keynes (1933) wrote about "the technique of recovery itself". An … increase in output is brought about by an increase in purchasing power, Keynes argues, which can come from three sectors …: increases in debt of the respective sectors as defined by Keynes. A fourth technique, an increase in spending by the rest of the …

In his letter to US President Franklin D. Roosevelt Keynes (1933) wrote about "the technique of recovery itself". An … increase in output is brought about by an increase in purchasing power, Keynes argues, which can come from three sectors …: increases in debt of the respective sectors as defined by Keynes. A fourth technique, an increase in spending by the rest of the …

rate of profit with the post-Keynesian balance-of-payments-constrained growth model (Thirlwall’s Law). In this regard … stylized facts of many small and open economies that experienced rapid economic growth and balance of payments crises from the …

a well-defined level and growth ratethen full employment and low inflation will not be achieved in a sustainable way. We … interest net of taxes that exceeds the real growth rate will not generate explosive interest flows, even when the government is …