Por favor utiliza este link para citar o compartir este documento: http://repositoriodigital.academica.mx/jspui/handle/987654321/17873
Título: Thirlwall´s law and foreing capital in Brazil
Autores: 
Palabras clave: BALANCE OF PAYMENTS; CURRENT ACCOUNT; CAPITAL ACCOUNT; INCOME GROWTH
Fecha de publicación: 14-Sep-2011
Editorial: Revista Momento Económico
Descripción: THIS PAPER ADDRESSES THE HYPOTHESIS OF BALANCE OF PAYMENTS CONSTRAINT TO INCOME GROWTH IN BRAZIL THROUGH AN EXTENDED VERSION OF ”THIRLWALL´S LAW” [THIRLWALL (1979)] THE PERIOD COVERED BY THE TESTS IS FROM 1949 TO 1999. WE AIM TO COMPLEMENT EXISTING APPLICATIONS OF OPEN-ECONOMY KEYNESIAN MODELS TO BRAZIL BY EXPLICITLY INTRODUCING THE EFFECTS OF NET PAYMENTS OF INTEREST, DIVIDENS AND PROFITS (OF THE BALANCE OF PAYMENT´S CURRENT ACCOUNT) ON THE DOMESTIC INCOME GROWTH RATE. ADDITIONALLY, THE PAPER PRESENTS A TEST OF GRANGER CAUSALITY REGARDING, ON THE ONE HAND, INCOME-ELASTICITIES OF EXPORTS AND IMPORTS AND ON THE OTHER, ECONOMIC GROWTH. OUR FINDINGS DO NOT REJECT THE HYPOTHESIS UNDERLYING THIRLWALL´S GROWTH LAW.
THIS PAPER ADDRESSES THE HYPOTHESIS OF BALANCE OF PAYMENTS CONSTRAINT TO INCOME GROWTH IN BRAZIL THROUGH AN EXTENDED VERSION OF ”THIRLWALL´S LAW” [THIRLWALL (1979)] THE PERIOD COVERED BY THE TESTS IS FROM 1949 TO 1999. WE AIM TO COMPLEMENT EXISTING APPLICATIONS OF OPEN-ECONOMY KEYNESIAN MODELS TO BRAZIL BY EXPLICITLY INTRODUCING THE EFFECTS OF NET PAYMENTS OF INTEREST, DIVIDENS AND PROFITS (OF THE BALANCE OF PAYMENT´S CURRENT ACCOUNT) ON THE DOMESTIC INCOME GROWTH RATE. ADDITIONALLY, THE PAPER PRESENTS A TEST OF GRANGER CAUSALITY REGARDING, ON THE ONE HAND, INCOME-ELASTICITIES OF EXPORTS AND IMPORTS AND ON THE OTHER, ECONOMIC GROWTH. OUR FINDINGS DO NOT REJECT THE HYPOTHESIS UNDERLYING THIRLWALL´S GROWTH LAW.
Other Identifiers: http://revistas.unam.mx/index.php/rme/article/view/4330
Aparece en las Colecciones:Revista Momento Económico

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