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Sector exterior y crecimiento en la economía española 1962-1991

Author

Listed:
  • Sara Barcenilla

    (ESTE. Universidad de Zaragoza)

  • Pilar Berdún

    (ESTE. Universidad de Zaragoza)

Abstract

This study analyses one of the most interesting and controversial contributions of recent post-Keynesian literature, Thirlwall’s Law –formulated to explain the role of the foreign sector in determining the maximum potential growth rate of an economy. The authors study the theoretical bases of the law and set out a broader version of Thirlwall’s model, incorporating capital flows to explain growth rates. They conclude by applying this model to the Spanish case, to estimate the contribution of the foreign sector to the growth of the Spanish economy during the period between 1962 and 1991.

Suggested Citation

  • Sara Barcenilla & Pilar Berdún, 2002. "Sector exterior y crecimiento en la economía española 1962-1991," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 49(01), pages 220-237.
    • Handle: RePEc:ekz:ekonoz:2002110
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    More about this item

    JEL classification:

    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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