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Ley de Thirlwall y modelo de brechas: un modelo unificado

  • Mario García Molina

    ()

  • Jeanne Kelly Ruíz Tavera

    ()

Este artículo presenta un modelo unificado de las dos principales explicaciones del crecimiento basadas en la demanda: la ley de Thirlwall y el modelo de dos brechas. Se muestra que, bajo ciertas especificaciones, la brecha externa es equivalente a la ley de Thirlwall con flujos de capital. El modelo unificado está expresado en tasas de crecimiento y es útil para explicar, en especial, el crecimiento de países en desarrollo en el corto plazo. Además, se muestran algunas implicaciones de política que se derivan del mismo.

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File URL: http://www.fce.unal.edu.co/publicaciones/media/docs/DocGarcia_EE5.pdf
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Paper provided by UN - RCE - CID in its series DOCUMENTOS DE TRABAJO - ESCUELA DE ECONOMÍA with number 004835.

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Length: 34
Date of creation: 22 Jul 2008
Date of revision:
Handle: RePEc:col:000178:004835
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  1. Jonathan Perraton, 2003. "Balance of Payments Constrained Growth and Developing Countries: An examination of Thirlwall's hypothesis," International Review of Applied Economics, Taylor & Francis Journals, vol. 17(1), pages 1-22.
  2. Juan Carlos Moreno-Brid, 1999. "Mexico's Economic Growth and the Balance of Payments Constraint: A cointegration analysis," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(2), pages 149-159.
  3. Thirlwall, Anthony P & Hussain, Mohammed Nureldin, 1982. "The Balance of Payments Constraint, Capital Flows and Growth Rate Differences between Developing Countries," Oxford Economic Papers, Oxford University Press, vol. 34(3), pages 498-510, November.
  4. Edmar Bacha, 1982. "Growth with limited supplies of foreign exchanges: a reappraisal of the two-gap model," Textos para discussão 26, Department of Economics PUC-Rio (Brazil).
  5. A. P. Thirlwall, 1997. "Reflections on the Concept of Balance-of-Payments-Constrained Growth," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 19(3), pages 377-385, April.
  6. Barbosa, Fernando de Holanda, 1989. "Macroeconomia," Economics Working Papers (Ensaios Economicos da EPGE) 138, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
  7. H. Sonmez Atesoglu, 1993. "Balance-of-Payments-Constrained Growth: Evidence from the United States," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 15(4), pages 507-514, July.
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