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
- Institución
- Consejo Nacional de Investigaciones Científicas y Técnicas
- OAI Identificador
- oai:ri.conicet.gov.ar:11336/41955
Ver los metadatos del registro completo
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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 Técnicas2025-09-29T10:13:02Zoai: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:34982025-09-29 10:13:02.509CONICET 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) |
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Consejo Nacional de Investigaciones Científicas y Técnicas |
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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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13.070432 |