ECONOMIC GROWTH AND THIRLWALL'S LAW: AN ANALYSIS FOR LATIN AMERICAN ECONOMIES

Detalhes bibliográficos
Autor(a) principal: Esteves, Luis Eduardo
Data de Publicação: 2012
Outros Autores: Correia, Fernando Motta
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/16282
Resumo: The objective is to demonstrate, using the Engle-Granger methodology, the five selected Latin American countries (Argentina, Brazil, Chile, Colombia and Mexico) actually observed for the period 1980-2005, a variation in its income elasticity of imports so that it tends to soften the constraint imposed by the law of Thirlwall growth of these countries, ie, it is expected that a negative flow of capital, or a flight of capital, reduce the income elasticity of imports, implying a higher growth rate than is possible if it is kept constant during this flight. The results show that Thirlwall's Law seems to be a good representation for the trajectory of growth, which is determined primarily by exports and the income elasticity of imports.
id UFRGS-24_8eed4bd136c26496ec2be7781eecf69f
oai_identifier_str oai:seer.ufrgs.br:article/16282
network_acronym_str UFRGS-24
network_name_str Análise Econômica (Online)
repository_id_str
spelling ECONOMIC GROWTH AND THIRLWALL'S LAW: AN ANALYSIS FOR LATIN AMERICAN ECONOMIESCRESCIMENTO ECONÔMICO E LEI DE THIRLWALL: UMA ANÁLISE PARA ECONOMIAS LATINO-AMERICANASGrowthLatin AmericaOpen economy macroeconomicsO40O54F43CrescimentoAmérica LatinaMacroeconomia abertaF43The objective is to demonstrate, using the Engle-Granger methodology, the five selected Latin American countries (Argentina, Brazil, Chile, Colombia and Mexico) actually observed for the period 1980-2005, a variation in its income elasticity of imports so that it tends to soften the constraint imposed by the law of Thirlwall growth of these countries, ie, it is expected that a negative flow of capital, or a flight of capital, reduce the income elasticity of imports, implying a higher growth rate than is possible if it is kept constant during this flight. The results show that Thirlwall's Law seems to be a good representation for the trajectory of growth, which is determined primarily by exports and the income elasticity of imports.O objetivo do presente estudo é demonstrar se, utilizando a metodologia Engle-Granger, os cinco países latino-americanos selecionados (Argentina, Brasil, Chile, Colômbia e México) realmente observaram para o período 1980-2005, uma variação na sua elasticidade renda das importações, de forma a que esta tenda a suavizar a restrição imposta pela lei de Thirlwall ao crescimento destes países, i.e., espera-se que um fluxo de capitais negativo, ou seja, uma fuga de capitais reduza a elasticidade renda das importações, implicando em uma maior taxa de crescimento que a possível se esta se mantiver constante durante esta fuga. Os resultados mostram que a lei de Thirlwall parece ser uma boa representação para a trajetória de crescimento destes, sendo esta determinada fundamentalmente, pelas exportações e pela elasticidade renda das importações.UFRGS2012-05-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/1628210.22456/2176-5456.16282Análise Econômica; Vol. 30 No. 57 (2012): março de 2012Análise Econômica; v. 30 n. 57 (2012): março de 20122176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/16282/18173Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessEsteves, Luis EduardoCorreia, Fernando Motta2013-09-13T20:34:33Zoai:seer.ufrgs.br:article/16282Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2013-09-13T20:34:33Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv ECONOMIC GROWTH AND THIRLWALL'S LAW: AN ANALYSIS FOR LATIN AMERICAN ECONOMIES
CRESCIMENTO ECONÔMICO E LEI DE THIRLWALL: UMA ANÁLISE PARA ECONOMIAS LATINO-AMERICANAS
title ECONOMIC GROWTH AND THIRLWALL'S LAW: AN ANALYSIS FOR LATIN AMERICAN ECONOMIES
spellingShingle ECONOMIC GROWTH AND THIRLWALL'S LAW: AN ANALYSIS FOR LATIN AMERICAN ECONOMIES
Esteves, Luis Eduardo
Growth
Latin America
Open economy macroeconomics
O40
O54
F43
Crescimento
América Latina
Macroeconomia aberta
F43
title_short ECONOMIC GROWTH AND THIRLWALL'S LAW: AN ANALYSIS FOR LATIN AMERICAN ECONOMIES
title_full ECONOMIC GROWTH AND THIRLWALL'S LAW: AN ANALYSIS FOR LATIN AMERICAN ECONOMIES
title_fullStr ECONOMIC GROWTH AND THIRLWALL'S LAW: AN ANALYSIS FOR LATIN AMERICAN ECONOMIES
title_full_unstemmed ECONOMIC GROWTH AND THIRLWALL'S LAW: AN ANALYSIS FOR LATIN AMERICAN ECONOMIES
title_sort ECONOMIC GROWTH AND THIRLWALL'S LAW: AN ANALYSIS FOR LATIN AMERICAN ECONOMIES
author Esteves, Luis Eduardo
author_facet Esteves, Luis Eduardo
Correia, Fernando Motta
author_role author
author2 Correia, Fernando Motta
author2_role author
dc.contributor.author.fl_str_mv Esteves, Luis Eduardo
Correia, Fernando Motta
dc.subject.por.fl_str_mv Growth
Latin America
Open economy macroeconomics
O40
O54
F43
Crescimento
América Latina
Macroeconomia aberta
F43
topic Growth
Latin America
Open economy macroeconomics
O40
O54
F43
Crescimento
América Latina
Macroeconomia aberta
F43
description The objective is to demonstrate, using the Engle-Granger methodology, the five selected Latin American countries (Argentina, Brazil, Chile, Colombia and Mexico) actually observed for the period 1980-2005, a variation in its income elasticity of imports so that it tends to soften the constraint imposed by the law of Thirlwall growth of these countries, ie, it is expected that a negative flow of capital, or a flight of capital, reduce the income elasticity of imports, implying a higher growth rate than is possible if it is kept constant during this flight. The results show that Thirlwall's Law seems to be a good representation for the trajectory of growth, which is determined primarily by exports and the income elasticity of imports.
publishDate 2012
dc.date.none.fl_str_mv 2012-05-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/16282
10.22456/2176-5456.16282
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/16282
identifier_str_mv 10.22456/2176-5456.16282
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/16282/18173
dc.rights.driver.fl_str_mv Copyright (c) 2019 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 30 No. 57 (2012): março de 2012
Análise Econômica; v. 30 n. 57 (2012): março de 2012
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
_version_ 1799766266978762752

Registros relacionados