Tharnpanich, Nat; McCombie, John S. L. - In: Journal of Post Keynesian Economics 35 (2013) 4, pp. 569-598
This paper tests the balance-of-payments constrained growth model using Thailand as a case study. The study explicitly considers the potential existence of a structural break when estimating the model. On balance, it is found that Thailand's long-run economic growth over the period 1962-2009 is...