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THIRLWALL YASASI ve MAKROEKONOMİK SONUÇLARI

Year 2002, Volume: 5 Issue: 17, 203 - 210, 30.01.2002
https://doi.org/10.14783/maruoneri.683488

Abstract

In this paper, it is deal with “Thirlwall’s Law” and Balance-of-Patments Constraint Growth Model developed by A. P. Thirlwall and their macroeconomic implications. This model is known as an approach to PostKeynesian Growth Models. Therefore, a brief summary of PostKeynesian Theory is held and introduced. Then, sample countries results which are tested for the Law are taken into account.

References

  • [1] FROYEN, Richard T., Macroeconomics, Theories, and Policies, Upper Saddle River, 1996, s.416.
  • [2] DAVIDSON, Paul, PostKeynesian Theory, Cambridge, 1994.
  • [3] BLECKER, Robert A., "The Diminishing Return to Export-Led Growth", http://www.cfr.org/public/pubs/blecker-Diminishing-paper.pdf, 2, 2000.
  • [4] ÇAKMAK, Ahmet, Ortodoks Makro İktisada Giriş, İstanbul, 1997, s.24.
  • [5] DOW, Sheila C., The Methodology of Macroeconomic Thought, Cheltenham, 1998, ss.18,19,76-80.
  • [6] SAVAŞ, Vural F., İktisatın Tarihi, İstanbul, 1997, ss.922-948.
  • [7] PAYA, Merih, Makro İktisat, İstanbul, 1997, ss.262-263.
  • [8] THIRLWALL, A. P., "The Balance of Payments Constraint As An Explanation of International Growth Rate Differences", Banco Nazionale Del Lavoro, No. 128, March 1979.
  • [9] McGREGOR, Peter G.; SWALLES, J. K., "Professor Thirlwall and Balance of Payments Constraint Growth", Applied Economics, 17, 1995.
  • [10] THIRLWALL, A.P., "Balance of Payments Constraint Growth: A Reply to McGregor and Swalles", Applied Economics, 1986.
  • [11] THIRLWALL, A. P., "Foreign Trade Elasticies in CenterPeriphery Models of Growth and Development", Banco Nazionale del Lavoro, No.146, Sept. 1983.
  • [12] THIRLWALL, A. P.; HUSSAIN, M. Nureldin, "The Balance of Payments Constraint, Capital Flows and Growth Rate Differences Between Developing Countries", Oxford Economic Papers, 34, 1982, ss.498-510.
  • [13] THIRLWALL, A.P., "Reflections on the Concept of Balance of Payments Constrained Growth, Journal PostKeynesian Economics, Spring, Vol.19, No.3, 1997, s.384.
  • [14] HIEKE, Hubert, "Balance of Payments Constrained Growth; A Reconsideration of the Evidence for the U.S. Economy", Journal of PostKeynesian Economics, Vol.19, No.3, Spring 1997, ss.313-326.
  • [15] ATEŞOGLU, H. Sönmez, "Balance of Payment Constrained Growth: Evidence From United States", Journal of PostKeynesian Economics, Vol.15, No.4, Summer 1993, ss.507-514.
  • [16] ATEŞOGLU, H. Sönmez, "An Explanation of the Slowdown in U.S. Economic Growth", Applied Economics Letters, 2, 1995, ss.91-94.
  • [17] ATEŞOGLU, H. Sönmez, "Balance of Payments Constrained Growth Model and Its Implications for United States", Journal of PostKeynesian Economics, Vol.19, No.3, 1997, ss.327-336.
  • [18] BAIRAM, Erkın I., "Balance of Payments, the Harrod Foreign Trade Multiplier and Economic Growth: The European and North American Experience, 1920-1985, Applied Economics, 20, 1988, ss.1635-1642.
  • [19] BAIRAM, Erkın I.; DEMPSTER, Georgina J., "The Harrod Foreign Trade Multiplier and Economic Growth in Asian Countries", Applied Economics, 23, 1991, ss.1719-1724.
  • [20] BAIRAM, Erkın I., "Income Elasticities of Exports and Imports: A Re-Examination of the Empirical Evidence", Applied Economics, 25, 1993, ss.71-74.
  • [21] HUSSAIN, M., "The Balance of Payments and Growth", African Development Report, (African Development Bank), 1995, ss.498-510.
  • [22] BAIRAM, Erkın, I., "Levels of Economic Development and Appropriate Specification of the Harrod Foreign-Trade Multiplier", Journal of PostKeynesian Economics, Vol.19, No.3, Spring 1997, ss.337-345.
  • [23] McCOMBIE, John S. L., "On Emprics of Balance of Payments Constrained Growth", Journal of PostKeynesian Economics, Vol.19, Spring 1997, ss.345-376.
  • [24] MARENO-BRID, Juan Carlos, "On Capital Flows and the Balance of Payment Constrained Growth Model", Journal of PostKeynesian Economics, Vol.21, No.2, Winter 1998-99, ss.283-299.
  • [25] MARENO-BRID, Juan Carlos; PERES, Estaban, "Balance of Payments Constrained Growth in Central America: 1950-96", Journal of PostKeynesian Economics, Vol.22, No.1, Fall 1999, ss.131-148.
  • [26] BLECKER, Robert A., "International Competitiveness, Relative Wages, and the Balance of Payments Constrained", Journal of PostKeynesian Economics, Vol.20, No.4, Summer 1998, ss.495-527.
  • [27] ALONSO, Jose A.; GARCIMARTIN, Carlo, "A New Approach to Balance of Payments Constrained: Some Emprical Evidence", Journal of PostKeynesian Economics, Vol.21, No.2, Winter 1998-99, ss.259-282.
  • [28] LEON-LEDESMAN, Miguel, A., "An Application of Thirlwall’s Law to the Spanish Economy“, Journal of PostKeynesian Economics, Vol.21, No.3, Spring 1999İ, ss.431-440.
  • [29] LOPEZ, Julio G.; CRUZ, Alberto B., "Thirlwall’s Law’ and Beyond: The Latin American Experience", Journal of PostKeynesian Economics, Vol.22, No.3, Spring 2000, ss.259-282.
  • [30] JAYME, Jr. Frederico, "Balance of Payments Constrains: A Study for the Brezilian Economy", http://www.iaes.org/conferences/past/montreal-48/prelim-program/f14-1/jayme-htm.
Year 2002, Volume: 5 Issue: 17, 203 - 210, 30.01.2002
https://doi.org/10.14783/maruoneri.683488

Abstract

References

  • [1] FROYEN, Richard T., Macroeconomics, Theories, and Policies, Upper Saddle River, 1996, s.416.
  • [2] DAVIDSON, Paul, PostKeynesian Theory, Cambridge, 1994.
  • [3] BLECKER, Robert A., "The Diminishing Return to Export-Led Growth", http://www.cfr.org/public/pubs/blecker-Diminishing-paper.pdf, 2, 2000.
  • [4] ÇAKMAK, Ahmet, Ortodoks Makro İktisada Giriş, İstanbul, 1997, s.24.
  • [5] DOW, Sheila C., The Methodology of Macroeconomic Thought, Cheltenham, 1998, ss.18,19,76-80.
  • [6] SAVAŞ, Vural F., İktisatın Tarihi, İstanbul, 1997, ss.922-948.
  • [7] PAYA, Merih, Makro İktisat, İstanbul, 1997, ss.262-263.
  • [8] THIRLWALL, A. P., "The Balance of Payments Constraint As An Explanation of International Growth Rate Differences", Banco Nazionale Del Lavoro, No. 128, March 1979.
  • [9] McGREGOR, Peter G.; SWALLES, J. K., "Professor Thirlwall and Balance of Payments Constraint Growth", Applied Economics, 17, 1995.
  • [10] THIRLWALL, A.P., "Balance of Payments Constraint Growth: A Reply to McGregor and Swalles", Applied Economics, 1986.
  • [11] THIRLWALL, A. P., "Foreign Trade Elasticies in CenterPeriphery Models of Growth and Development", Banco Nazionale del Lavoro, No.146, Sept. 1983.
  • [12] THIRLWALL, A. P.; HUSSAIN, M. Nureldin, "The Balance of Payments Constraint, Capital Flows and Growth Rate Differences Between Developing Countries", Oxford Economic Papers, 34, 1982, ss.498-510.
  • [13] THIRLWALL, A.P., "Reflections on the Concept of Balance of Payments Constrained Growth, Journal PostKeynesian Economics, Spring, Vol.19, No.3, 1997, s.384.
  • [14] HIEKE, Hubert, "Balance of Payments Constrained Growth; A Reconsideration of the Evidence for the U.S. Economy", Journal of PostKeynesian Economics, Vol.19, No.3, Spring 1997, ss.313-326.
  • [15] ATEŞOGLU, H. Sönmez, "Balance of Payment Constrained Growth: Evidence From United States", Journal of PostKeynesian Economics, Vol.15, No.4, Summer 1993, ss.507-514.
  • [16] ATEŞOGLU, H. Sönmez, "An Explanation of the Slowdown in U.S. Economic Growth", Applied Economics Letters, 2, 1995, ss.91-94.
  • [17] ATEŞOGLU, H. Sönmez, "Balance of Payments Constrained Growth Model and Its Implications for United States", Journal of PostKeynesian Economics, Vol.19, No.3, 1997, ss.327-336.
  • [18] BAIRAM, Erkın I., "Balance of Payments, the Harrod Foreign Trade Multiplier and Economic Growth: The European and North American Experience, 1920-1985, Applied Economics, 20, 1988, ss.1635-1642.
  • [19] BAIRAM, Erkın I.; DEMPSTER, Georgina J., "The Harrod Foreign Trade Multiplier and Economic Growth in Asian Countries", Applied Economics, 23, 1991, ss.1719-1724.
  • [20] BAIRAM, Erkın I., "Income Elasticities of Exports and Imports: A Re-Examination of the Empirical Evidence", Applied Economics, 25, 1993, ss.71-74.
  • [21] HUSSAIN, M., "The Balance of Payments and Growth", African Development Report, (African Development Bank), 1995, ss.498-510.
  • [22] BAIRAM, Erkın, I., "Levels of Economic Development and Appropriate Specification of the Harrod Foreign-Trade Multiplier", Journal of PostKeynesian Economics, Vol.19, No.3, Spring 1997, ss.337-345.
  • [23] McCOMBIE, John S. L., "On Emprics of Balance of Payments Constrained Growth", Journal of PostKeynesian Economics, Vol.19, Spring 1997, ss.345-376.
  • [24] MARENO-BRID, Juan Carlos, "On Capital Flows and the Balance of Payment Constrained Growth Model", Journal of PostKeynesian Economics, Vol.21, No.2, Winter 1998-99, ss.283-299.
  • [25] MARENO-BRID, Juan Carlos; PERES, Estaban, "Balance of Payments Constrained Growth in Central America: 1950-96", Journal of PostKeynesian Economics, Vol.22, No.1, Fall 1999, ss.131-148.
  • [26] BLECKER, Robert A., "International Competitiveness, Relative Wages, and the Balance of Payments Constrained", Journal of PostKeynesian Economics, Vol.20, No.4, Summer 1998, ss.495-527.
  • [27] ALONSO, Jose A.; GARCIMARTIN, Carlo, "A New Approach to Balance of Payments Constrained: Some Emprical Evidence", Journal of PostKeynesian Economics, Vol.21, No.2, Winter 1998-99, ss.259-282.
  • [28] LEON-LEDESMAN, Miguel, A., "An Application of Thirlwall’s Law to the Spanish Economy“, Journal of PostKeynesian Economics, Vol.21, No.3, Spring 1999İ, ss.431-440.
  • [29] LOPEZ, Julio G.; CRUZ, Alberto B., "Thirlwall’s Law’ and Beyond: The Latin American Experience", Journal of PostKeynesian Economics, Vol.22, No.3, Spring 2000, ss.259-282.
  • [30] JAYME, Jr. Frederico, "Balance of Payments Constrains: A Study for the Brezilian Economy", http://www.iaes.org/conferences/past/montreal-48/prelim-program/f14-1/jayme-htm.
There are 30 citations in total.

Details

Primary Language Turkish
Journal Section Eski Sayılar
Authors

Gülsüm (özkan) Akalın This is me

Publication Date January 30, 2002
Published in Issue Year 2002 Volume: 5 Issue: 17

Cite

APA (özkan) Akalın, G. (2002). THIRLWALL YASASI ve MAKROEKONOMİK SONUÇLARI. Öneri Dergisi, 5(17), 203-210. https://doi.org/10.14783/maruoneri.683488

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Öneri

Marmara UniversityInstitute of Social Sciences

Göztepe Kampüsü Enstitüler Binası Kat:5 34722  Kadıköy/İstanbul

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