Keywords
Thirlwall’s Law
trade elasticities
balanced growth
co-integration
ARDL
trade elasticities
balanced growth
co-integration
ARDL
How to Cite
Podkaminer, L. (2017) “FURTHER EVIDENCE ON THE VALIDITY OF THIRLWALL’S LAW”, Scientific Journal of Bielsko-Biala School of Finance and Law. Bielsko-Biała, PL, 21(1), pp. 75–86. doi: 10.19192/wsfip.sj1.2017.5.
Abstract
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.The papers published in the ASEJ Journal (alternate title: Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej) - published by the University of Applied Sciences in Bielsko-Biała, are online open access distributed (Creative Commons Attribution CC-BY-NC 4.0 license). The Publisher cannot be held liable for the graphic material supplied. The printed version is the original version of the issued Journal. Responsibility for the content rests with the authors and not upon the Scientific Journal or Bielsko-Biala School of Finance and Law.
Downloads
Download data is not yet available.