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- W1997799835 abstract "The Thirlwall's Law test has been extensively employed in order to explain, from the demand side, the differences in rates of economic growth between countries. In this paper the test is put to an alternative use, namely to explain the uneven economic growth experienced in one single country, Spain, during two different periods, 1940–59 and 1960–85. Specifically, we seek to determine whether the liberalization of Spanish trade which preceded its integration into the EEC (1960–85) - insofar as this liberalization increased the possibilities of placing national production in the foreign market-might explain the higher rate of economic growth enjoyed during this period, as compared with the earlier period of economic autarky (1940–59). To that end, we estimate the corresponding export and import demand functions (using the Autoregressive Distributed Lags methodology and the cointegration approach of Johansen) and apply the McCornbie test. We conclude that the Spanish balance of payments, although determining..." @default.
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- W1997799835 date "1999-12-01" @default.
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- W1997799835 title "Economic growth and the long run balance of payments constraint in Spain" @default.
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