Thirlwall's Law and Palley's pitfalls: A reconsideration

Growth and Economic Development: Essays in Honour of A.P. Thirlwall

Volumn , Issue , 2006, Pages 47-59

  Setterfield, Mark ^a,b  

^a TRINITY COLLEGE   (United States)

^b UNIVERSITY OF CAMBRIDGE   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 59049105894     PISSN: None     EISSN: None     Source Type: Book    
DOI: None     Document Type: Chapter

References (17)

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3. Holland, M., F.V. Vieira and O. Canuto (2004), 'Economic growth and the balance-ofpayments constraint in Latin America', Investigacion Economica, 63, 74-45.
4. Hussain, M.N. (2001), '"Exorcising the ghost": an alternative model for measuring the financing gap in developing countries', Journal of Post Keynesian Economics, 24, 89-124.
5. Lavoie, M. (1995), 'The Kaleckian model of growth and distribution and its Neo-Ricardian and Neo-Marxian critiques', Cambridge Journal of Economics, 19, 789-818.
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7. León-Ledesma, M. and A.P. Thirlwall (2002), 'The endogeneity of the natural rate of growth', Cambridge Journal of Economics, 26, 441-59.
8. Loria, E. (2003), 'The Mexican economy: balance-of-payments constrained growth model - the importance of the exchange rate, 1970-1999', Journal of Post Keynesian Economics, 25, 661-91.
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10. McCombie, J.S.L. and A.P. Thirlwall (1994), Economic Growth and the Balance-of-Payments Constraint, London: Macmillan.
11. Moreno-Brid, J.C. (2003), 'Capital flows, interest payments and the balance-of-payments constrained growth model: a theoretical and empirical analysis', Metroeconomica, 54, 346-65.
12. Palley, T.I. (1996), 'Growth theory in a Keynesian mode', Journal of Post Keynesian Economics, 19, 113-35.
13. Palley, T.I. (1997), 'Aggregate demand and endogenous growth: a generalized Keynes- Kaldor model of economic growth', Metroeconomica, 48, 161-76.
14. Palley, T.I. (2002), 'Pitfalls in the theory of growth: an application to the balance-ofpaymentsconstrained growth model', in M. Setterfield (ed.), The Economics of Demand-Led Growth: Challenging the Supply-Side Vision of the Long Run, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
15. Thirlwall, A.P. (1979), 'The balance of payments constraint as an explanation of international growth rate differences', Banca Nazionale Del Lavoro Quarterly Review, 128, 45-53.
16. Thirlwall, A.P. (1997), 'Reflections on the concept of balance-of-payments-constrained growth', Journal of Post Keynesian Economics, 19, 375-85.
17. Thirlwall, A.P. (2001), 'The relation between the warranted rate of growth, the natural rate and the balance-of-payments equilibrium growth rate', Journal of Post Keynesian Economics, 24, 81-8.