The aim of this study is to determine whether Brazil's economic growth has been constrained by the balance of payments in the long run. The question underpinning the analysis can be expressed as ...
Broadly speaking, the balance-of-payments-constraint hypothesis as developed by Thirlwall (1979) has been empirically supported. Yet, it fails to interpret correctly the necessary conditions for ...
Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The IMF’s surveillance cycle for China is wrapping up, and at least judging from ...
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