This article surveys selected recent contributions and debates regarding fundamental
aspects of the theory of balance‐of‐payments‐constrained growth (BPCG). The survey …

Vector Autoregressive (VAR) models have been applied for a long time now to study profit-
squeeze cycles, most of the time using problematic Hodrick-Prescott (HP) filtered time …

The role of the real exchange rate (RER) in explaining long-run processes of catching-up
and falling-behind continues to be a question of central importance among alternative …

One the most fruitful demand-oriented approaches to the study of economic growth is the
balance-of-payments (BOP) constrained growth theory developed by Thirlwall (1979) based …

In this paper, we evaluate the French balance-of-payments constrained growth rate and we
compare it with the effective growth rate. Empirically, we show that France is experiencing …

We show the existence of complex dynamics for a seasonally perturbed version of the
Goodwin growth cycle model, both in its original formulation and for a modified formulation …

We construct a simple model of a small, open economy with two macroeconomic variables
of interest, namely, wage and employment dynamics and two institutions, namely …

Recently economists have developed Kaleckian‐Harrodian models, in which non‐capacity‐
creating autonomous demand acts as a stabilizing force that drives long‐run growth. But …

Social Dynamics aims at providing a unifying view on the evolution of social systems,
including social conflicts and dilemmas, interactions between populations and the …

Thirlwall (1979) afirmó que el crecimiento económico principalmente de los países en vías
de desarrollo está limitado por la balanza de pagos, debido a la dependencia en las …