Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effects

Autores
Medici, Florencia; Panigo, Demian Tupac
Año de publicación
2015
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
The aim of this paper is to analyze the relation between foreign asset formation (FAF) and terms of trade (TOT) in countries characterized by having unbalanced productive structures (UPS). For this purpose, we will modify the structuralist thesis about the (overstated) positive effects of a rise in TOT on the balance-of-payment equilibrium GDP growth rate. In the theoretical analysis, we will follow Thirlwall‟s Law and its subsequent modifications. Our main contribution will be to explain and formalize therein the low ?and even null- effects of TOT on Balance of Payment constraints due to the quasi-rent generated in the export sector of an UPS. In the empirical section, to reinforce this idea, we will econometrically show the existence of a significant and positive relationship between TOT and FAE in developing countries.
Fil: Medici, Florencia. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Saavedra 15. Centro de Innovación de Los Trabajadores. Universidad Metropolitana Para la Educación y El Trabajo. Centro de Innovación de Los Trabajadores; Argentina. Universidad de Buenos Aires; Argentina
Fil: Panigo, Demian Tupac. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Saavedra 15. Centro de Innovación de Los Trabajadores. Universidad Metropolitana Para la Educación y El Trabajo. Centro de Innovación de Los Trabajadores; Argentina. Universidad Nacional de La Plata; Argentina
Materia
Balance-Of-Payments Constrained Growth
Thirlwalls Law
Structural Heterogeneity
Argentina
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/41955
Acceder
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network_name_str CONICET Digital (CONICET)
spelling Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effectsMedici, FlorenciaPanigo, Demian TupacBalance-Of-Payments Constrained GrowthThirlwalls LawStructural HeterogeneityArgentinahttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5The aim of this paper is to analyze the relation between foreign asset formation (FAF) and terms of trade (TOT) in countries characterized by having unbalanced productive structures (UPS). For this purpose, we will modify the structuralist thesis about the (overstated) positive effects of a rise in TOT on the balance-of-payment equilibrium GDP growth rate. In the theoretical analysis, we will follow Thirlwall‟s Law and its subsequent modifications. Our main contribution will be to explain and formalize therein the low ?and even null- effects of TOT on Balance of Payment constraints due to the quasi-rent generated in the export sector of an UPS. In the empirical section, to reinforce this idea, we will econometrically show the existence of a significant and positive relationship between TOT and FAE in developing countries.Fil: Medici, Florencia. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Saavedra 15. Centro de Innovación de Los Trabajadores. Universidad Metropolitana Para la Educación y El Trabajo. Centro de Innovación de Los Trabajadores; Argentina. Universidad de Buenos Aires; ArgentinaFil: Panigo, Demian Tupac. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Saavedra 15. Centro de Innovación de Los Trabajadores. Universidad Metropolitana Para la Educación y El Trabajo. Centro de Innovación de Los Trabajadores; Argentina. Universidad Nacional de La Plata; ArgentinaTaylor & Francis2015-10-20info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/41955Medici, Florencia; Panigo, Demian Tupac; Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effects; Taylor & Francis; Journal Of Post Keynesian Economics; 38; 2; 20-10-2015; 192-2170160-34771557-7821CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/doi/10.1080/01603477.2015.1065673info:eu-repo/semantics/altIdentifier/url/https://www.tandfonline.com/doi/full/10.1080/01603477.2015.1065673info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-10-15T15:10:02Zoai:ri.conicet.gov.ar:11336/41955instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-10-15 15:10:02.361CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effects
title Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effects
spellingShingle Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effects
Medici, Florencia
Balance-Of-Payments Constrained Growth
Thirlwalls Law
Structural Heterogeneity
Argentina
title_short Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effects
title_full Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effects
title_fullStr Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effects
title_full_unstemmed Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effects
title_sort Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effects
dc.creator.none.fl_str_mv Medici, Florencia
Panigo, Demian Tupac
author Medici, Florencia
author_facet Medici, Florencia
Panigo, Demian Tupac
author_role author
author2 Panigo, Demian Tupac
author2_role author
dc.subject.none.fl_str_mv Balance-Of-Payments Constrained Growth
Thirlwalls Law
Structural Heterogeneity
Argentina
topic Balance-Of-Payments Constrained Growth
Thirlwalls Law
Structural Heterogeneity
Argentina
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv The aim of this paper is to analyze the relation between foreign asset formation (FAF) and terms of trade (TOT) in countries characterized by having unbalanced productive structures (UPS). For this purpose, we will modify the structuralist thesis about the (overstated) positive effects of a rise in TOT on the balance-of-payment equilibrium GDP growth rate. In the theoretical analysis, we will follow Thirlwall‟s Law and its subsequent modifications. Our main contribution will be to explain and formalize therein the low ?and even null- effects of TOT on Balance of Payment constraints due to the quasi-rent generated in the export sector of an UPS. In the empirical section, to reinforce this idea, we will econometrically show the existence of a significant and positive relationship between TOT and FAE in developing countries.
Fil: Medici, Florencia. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Saavedra 15. Centro de Innovación de Los Trabajadores. Universidad Metropolitana Para la Educación y El Trabajo. Centro de Innovación de Los Trabajadores; Argentina. Universidad de Buenos Aires; Argentina
Fil: Panigo, Demian Tupac. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Saavedra 15. Centro de Innovación de Los Trabajadores. Universidad Metropolitana Para la Educación y El Trabajo. Centro de Innovación de Los Trabajadores; Argentina. Universidad Nacional de La Plata; Argentina
description The aim of this paper is to analyze the relation between foreign asset formation (FAF) and terms of trade (TOT) in countries characterized by having unbalanced productive structures (UPS). For this purpose, we will modify the structuralist thesis about the (overstated) positive effects of a rise in TOT on the balance-of-payment equilibrium GDP growth rate. In the theoretical analysis, we will follow Thirlwall‟s Law and its subsequent modifications. Our main contribution will be to explain and formalize therein the low ?and even null- effects of TOT on Balance of Payment constraints due to the quasi-rent generated in the export sector of an UPS. In the empirical section, to reinforce this idea, we will econometrically show the existence of a significant and positive relationship between TOT and FAE in developing countries.
publishDate 2015
dc.date.none.fl_str_mv 2015-10-20
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/41955
Medici, Florencia; Panigo, Demian Tupac; Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effects; Taylor & Francis; Journal Of Post Keynesian Economics; 38; 2; 20-10-2015; 192-217
0160-3477
1557-7821
CONICET Digital
CONICET
url http://hdl.handle.net/11336/41955
identifier_str_mv Medici, Florencia; Panigo, Demian Tupac; Balance-of-payment-constrained growth in unbalanced productive structures: Disregarded terms of trade negative effects; Taylor & Francis; Journal Of Post Keynesian Economics; 38; 2; 20-10-2015; 192-217
0160-3477
1557-7821
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/doi/10.1080/01603477.2015.1065673
info:eu-repo/semantics/altIdentifier/url/https://www.tandfonline.com/doi/full/10.1080/01603477.2015.1065673
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
application/pdf
dc.publisher.none.fl_str_mv Taylor & Francis
publisher.none.fl_str_mv Taylor & Francis
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
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score 13.22299

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