La Ley de Thirlwall con énfasis en la relación de las elasticidades ingreso de las exportaciones e importaciones en las economías latinoamericanas durante el siglo XX

Using stochastic specifications that emphasize the role of the ratio of export/import income elasticities, this paper applies the balance-of-payments constraint model to nineteen Latin American countries from 1900 to 2000. The paper begins with a brief presentation of Thirlwall’s well known model. I...

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