This paper presents an extended model that includes Thirlwall’s simple rule. Growth in Mexico fell from an annual average of 6,76% in 1961-1981 to 2,95% in the 1982-2004 period. Net flows of capital, rents and transfers promote and stabilize the economy, while devaluation does not improve...

En Colombia no hay evidencia de una relación directa entre crecimiento económico y apertura comercial, por el contrario, hay evidencia de que la ley de Thirlwall en todas sus versiones explica mejor la relación del sector externo y el crecimiento, a pesar de que los términos de intercambio...

Empleando un modelo extendido para calcular el crecimiento consistente con el comportamiento de la balanza de pagos y la ecuación de estructura simple propuesta por Thirlwall, se estimó una tasa de crecimiento mayor que la observada. Esto se explica por el superávit acumulado en la cuenta...

This paper aims to analyze, through the public policy approach, "Agro, Ingreso Seguro" -AIS-, key component of the Colombian agricultural policy of the late 2000s. Through this approach it is seen that AIS responded to real social problems and it was based on a set of guidelines used worldwide....

Los procesos de integración económica han puesto en evidencia que la separación tradicionalmente hecha entre las políticas comercial y de competencia no solo es ficticia, sino que mantenerla es simplemente contradictorio con la realidad de la economía internacional. En la medida en que los...

Globalization has made it evident that the traditional separation between trade and competition policies is not only artificial but in overt contradiction with international economy. This paper discuses the relationship between the agricultural sector and competition policy in a free trade...

Over time, the CAP has had a very important role for the economic objectives of the EU. It is the institutional policy with the highest share of the community budget. This article examines the evolution of the CAP since the nineties, with the aims of reducing surpluses, developing an...

The aim of this paper is to analyse the effects of a change in the real exchange rate on the trade balance of the Dominican Republic. For this a vector error correction model (VECM) is used. The results show no evidence of the J-Curve effect, but if the Marshall-Lerner Condition is met.

The objective of this research is to examine empirically the relationship between the current account balance and the real exchange rate for economies with different levels of development. We use data from the annual time series of the period 1980-2015 from the Development Indicators (2017) of...

Este trabajo presenta por primera vez un contraste empírico de la validez de la ecuación (Heckscher-Ohlin-Vanek) con datos de comercio interregional de España. Los resultados revelan que el modelo de proporciones factoriales en su versión estricta predice bastante bien la dirección de...