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Palgrave Macmillan

Models of Balance of Payments Constrained Growth

History, Theory and Empirical Evidence

  • Book
  • © 2012

Overview

Editors:
  1. Elias Soukiazis

    1. Faculty of Economics, University of Coimbra, Portugal

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    You can also search for this editor in PubMed   Google Scholar

  2. Pedro A. Cerqueira

    1. Faculty of Economics, University of Coimbra, Portugal

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    You can also search for this editor in PubMed   Google Scholar

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xvi
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  2. Introduction

    1. Introduction

      • Elias Soukiazis, Pedro A. Cerqueira
      Pages 1-7

  3. Historical Overview on the Balance of Payments Constrained Growth Debate

    1. Front Matter

      Pages 9-9
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    2. Balance of Payments Constrained Growth Models: History and Overview

      • Anthony Philip Thirlwall
      Pages 11-49

    3. Criticisms and Defences of the Balance of Payments Constrained Growth Model: Some Old, Some New

      • John S. L. McCombie
      Pages 50-82

    4. The Remarkable Durability of Thirlwall’s Law

      • Mark Setterfield
      Pages 83-110

  4. Alternative Models and Empirical Evidence

    1. Front Matter

      Pages 111-111
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    2. Generalized Balance of Payments Constrained Growth and South—South Trade in Sub-Saharan Africa

      • Alberto Bagnai, Arsène Rieber, Thi Anh-Dao Tran
      Pages 113-143

    3. Growth Rates Constrained by Internal and External Imbalances: A Demand-Orientated Approach

      • Elias Soukiazis, Pedro André Cerqueira, Micaela Antunes
      Pages 144-167

    4. Empirical Testing of Export-led and Balance of Payments Constrained Growth: The Case of Portugal

      • Virmantas Kvedaras
      Pages 168-186

  5. The Convergence Issue and the Role of Exchange Rate on Balance of Payments Constrained Growth

    1. Front Matter

      Pages 187-187
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    2. Convergence and Balance of Payments Constrained Growth: Is There a Puzzle?

      • Carlos Garcimartín, José Antonio Alonso, Luis Rivas
      Pages 189-216

    3. New Insights from a Structural Economic Dynamic Approach to Balance of Payments Constrained Growth

      • Ricardo Azevedo Araujo
      Pages 217-238

    4. Structural Heterogeneity and Endogeneity of Elasticities on the Balance of Payments Constrained Growth Model

      • Fabrício José Missio, Frederico G. Jayme Jr
      Pages 239-267

  6. Back Matter

    Pages 269-274
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Keywords

About this book

This book extends Thirlwall's model and adapts its implications to the current problems facing developed and emerging economies. In this context, this book combines theoretical models and empirical applications, unveiling new results and highlighting the importance of the balance of payments as a constraint to growth.

Editors and Affiliations

  • Faculty of Economics, University of Coimbra, Portugal

    Elias Soukiazis, Pedro A. Cerqueira

About the editors

ELIAS SOUKIAZIS is Assistant Professor in the Faculty of Economics of the University of Coimbra, Portugal. He holds a PhD in Economics (Kent University at Canterbury, UK) and MSc in Economics (Birkbeck College, University of London, UK) and a BSc in Economics (University of Macedonia, Greece). His interests lie in applied research in the fields of growth economics, international and European economics, regional economics, health economics, human capital and, in general macroeconomic policy. He has published in national and international journals and served as reviewer in various journals. He is a member of the International Network for Economic Research (INFER) and European Economics and Finance Society (EFFS) board and member of the research centre Group for Monetary and Financial Studies (GEMF).

PEDRO A. CERQUERIA  is Assistant Professor in the Faculty of Economics at the University of Coimbra, Portugal. He holds a PhD in Economics (European University Institute, Florence, Italy), an MSc in Monetary and Financial Economics (ISEG, Technical University of Lisbon, Portugal) and a BSc (Hons) in Economics (University of Coimbra, Portugal). His research interest lies in the economics of European Integration, Business Cycles, Growth and Open Macroeconomics. He has published and refereed internationally in these fields and is also a member of the GEMF research centre.

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