Thiriwall's 1979 balance of payments constrained growth model predicts that a country's
long-run growth of GDP can be approximated by the ratio of the growth of real exports to the …

We examine the importance of a firm's own R&D activity and intra‐sectoral spillovers on the
decision to export and the export intensity using firm level panel data for Spain for the period …

Abstract Foreign Direct Investment and Productivity Spillovers: Evidence from the Spanish
Experience.—The aim of this paper is to analyse the impact of foreign direct investment (FDI) …

The orthodox, mainstream (classical and neoclassical) approach to the analysis of the
growth performance of countries is to focus on resource availability and the supply of factor …

This paper implements a panel approach to investigate the empirical relevance of 'Thirlwall's
law ', which states that long-run growth must be consistent with balance of payments (BOP) …

We explain China's remarkable growth performance over the last three decades through an
export-led growth (ELG) model, where countries need to export to pay for their imports. We …

La mejora de la propensión exportadora y el incremento de la probabilidad de exportar de
las PYME pueden ser mecanismos de equilibrio microeconómico del comercio exterior …

This paper uses the balance-of-payments-constrained model to estimate the determinants of
the long-run rate of growth of Brazil. Contrary to previous tests for the country found in the …

Several countries rely heavily on imported intermediate inputs for the manufacturing of their
exported goods. Understanding the implications of this reliance on a country's growth …

This paper analyses the performance of Indonesia's economy since the early 1980s using
Thirlwall's balance-of-payments-constrained (BoPC) growth model, estimated in statespace …