Thirlwall's law is not a tautology, but some empirical tests of it nearly are
Year of publication: |
2021
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Authors: | Blecker, Robert A. |
Published in: |
Review of Keynesian economics. - Cheltenham : Elgar, ISSN 2049-5323, ZDB-ID 2695100-9. - Vol. 9.2021, 2, p. 175-203
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Subject: | Thirlwall's law | balance-of-payments-constrained growth | income elasticities | near-tautology critique | income vs price adjustment | Einkommenselastizität der Nachfrage | Income elasticity of demand | Außenhandelselastizität | Trade elasticity | Wachstumstheorie | Growth theory | Wirtschaftswachstum | Economic growth | Schätzung | Estimation | Zahlungsbilanz | Balance of payments | Außenwirtschaftliches Gleichgewicht | External balance | Exportinduziertes Wachstum | Export-led growth |
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