FURTHER EVIDENCE ON THE VALIDITYOF THIRLWALL’S LAW

• Authors: Leon Podkaminer
• Languages of publication: EN

Abstracts

EN

A simple equation is considered whose empirical analysis could confirm – or reject – the validity of Thirlwall’s Law. Autoregressive Distributed Lags (Bounds) approach is used to establish the empirical adequacy of the Law. The analysis, working with data for 58 countries and covering the years 1960-2012, suggests that the Law may not hold for the decisive majority of countries considered.

Keywords

EN

Thirlwall’s Law; trade elasticities; balanced growth; co-integration; ARDL

• Publisher: Wyższa Szkoła Finansów i Prawa w Bielsku-Białej
• Journal: Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej
• Year: 2017
• Issue: 1
• Pages: 75-86

Dates

published

2017-06-01

Contributors

author

Leon Podkaminer

• Wyższa Szkoła Finansów i Prawa w Bielsku-Białej, Wydział Finansów i Technoligii Informatycznych

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