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Balance-of-payments-constrained growth in Argentina (1976-2006)

โœ Scribed by Chena, Pablo Ignacio


Book ID
127335952
Publisher
M. E. Sharpe Inc.
Year
2014
Tongue
English
Weight
683 KB
Volume
36
Category
Article
ISSN
0160-3477

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โœฆ Synopsis


This article explores the linkages between the balance of payment and income growth in countries for which exports are mainly food items while imports are mainly industrial goods. To capture the consequence of this structure of international specialization, the study proposes to modify the balance-of-paymentsconstrained growth "standard" rule (Thirlwall's law) by including the effects of different levels of elasticity of the domestic demand for food. An econometric model is used to test Argentina's behavior on the matter during the period 1976-2006.


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