Models of Balance of Payments Constrained Growth

1. Introduction
Elias Soukiazis, Pedro A. Cerqueira

Part I. Historical Overview on the Balance of Payments Constrained Growth Debate

2. Balance of Payments Constrained Growth Models: History and Overview
Anthony Philip Thirlwall

3. Criticisms and Defences of the Balance of Payments Constrained Growth Model: Some Old, Some New
John S. L. McCombie

4. The Remarkable Durability of Thirlwall’s Law
Mark Setterfield

Part II. Alternative Models and Empirical Evidence

5. Generalized Balance of Payments Constrained Growth and South—South Trade in Sub-Saharan Africa
Alberto Bagnai, Arsène Rieber, Thi Anh-Dao Tran

6. Growth Rates Constrained by Internal and External Imbalances: A Demand-Orientated Approach
Elias Soukiazis, Pedro André Cerqueira, Micaela Antunes

7. Empirical Testing of Export-led and Balance of Payments Constrained Growth: The Case of Portugal
Virmantas Kvedaras

Part III. The Convergence Issue and the Role of Exchange Rate on Balance of Payments Constrained Growth

8. Convergence and Balance of Payments Constrained Growth: Is There a Puzzle?
Carlos Garcimartín, José Antonio Alonso, Luis Rivas

9. New Insights from a Structural Economic Dynamic Approach to Balance of Payments Constrained Growth
Ricardo Azevedo Araujo

10. Structural Heterogeneity and Endogeneity of Elasticities on the Balance of Payments Constrained Growth Model
Fabrício José Missio, Frederico G. Jayme

Avainsanat: Economics, Macroeconomics/Monetary Economics//Financial Economics, Economic Theory/Quantitative Economics/Mathematical Methods, Economic Growth, Econometrics