Long- and short-run balance of payments adjustment: Argentine economic growth constrained
AbstractThis article addresses insights on Argentina's slowness growth performance throughout the period 1968 to 2003 and, especially, on its recent crisis in 2002. Using time series unit roots tests, vector auto-regresive models and cointegration tests, this study deals with the effect of the external sector constraint on Argentinean output expansion and, in particular, with the empirical validation of a variant of Thirlwall's Law. The results suggest that, in the long-run, there exists a stable relationship between economic growth, exports and even terms of trade. These findings allow us to conclude that Argentina's international payments position constraints its economic activity.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 15 (2008)
Issue (Month): 10 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RAEL20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- A. P. Thirlwall, 2011.
"Balance of Payments Constrained Growth Models: History and Overview,"
Studies in Economics
1111, Department of Economics, University of Kent.
- Anthony P. Thirlwall, 2011. "Balance of payments constrained growth models: history and overview," PSL Quarterly Review, Economia civile, vol. 64(259), pages 307-351.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.