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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.

Suggested Citation

  • Mario García Molina & Jeanne Kelly Ruíz Tavera, 2008. "Ley de Thirlwall y modelo de brechas: un modelo unificado," Documentos de Trabajo, Escuela de Economía 4835, Universidad Nacional de Colombia, FCE, CID.
  • Handle: RePEc:col:000178:004835

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    References listed on IDEAS

    1. H. Sonmez Atesoglu, 1993. "Balance-of-Payments-Constrained Growth: Evidence from the United States," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 15(4), pages 507-514, July.
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    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.
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    5. A. P. Thirlwall, 1997. "Reflections on the Concept of Balance-Of-Payments–Constrained Growth," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 19(3), pages 377-385, March.
    6. HOLLIS B. CHENERY & ARTHUR MACEwAN, 1966. "Optimal Patterns of Growth and Aid The Case of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 6(2), pages 209-242.
    7. Barbosa, Fernando de Holanda, 1989. "Macroeconomia," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 138, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
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    9. J. S. L. McCombie & A. P. Thirlwall, 1994. "Economic Growth and the Balance-of-Payments Constraint," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-23121-8, September.
    10. 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).
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    More about this item


    Modelos keynesianos; comercio exterior; crecimiento económico; desarrollo económico.;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development


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