| Autor: |
Blanca Lilia Avendaño Vargas, Ignacio Perrotini Hernández |
| Jazyk: |
English<br />Spanish; Castilian |
| Rok vydání: |
2018 |
| Předmět: |
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| Zdroj: |
Papeles de Europa, Vol 30, Iss 2, Pp 105-124 (2018) |
| Druh dokumentu: |
article |
| ISSN: |
1989-5917 |
| DOI: |
10.5209/PADE.58670 |
| Popis: |
In this paper we analyse theoretically and empirically the relationship between dynamic insufficiency (DI) (Prebisch, 1970; Avendaño & Perrotini, 2015) and the growth rate consistent with balance of payments (gbp) equilibrium (Thirlwall, 1979) for a set of Latin American economies during the period 1977-2011. Our hypothesis is that DI exacerbates the external constraint on growth due to the gap between the natural rate of capital accumulation and the guaranteed growth rate (kn>gw) and that there is a causal relationship between and. This means that is determined by demand and supply conditions. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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