FURTHER EVIDENCE ON THE VALIDITY OF THIRLWALL’S LAW
Journal Title: Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej - Year 2017, Vol 21, Issue 1
Abstract
A simple equation is considered whose empirical analysis could confirm – or reject – the validity of Thirlwall’s Law. Autoregressive Distributed Lags (Bounds) approach is used to establish the empirical adequacy of the Law. The analysis, working with data for 58 countries and covering the years 1960-2012, suggests that the Law may not hold for the decisive majority of countries considered.<br/><br/>
Authors and Affiliations
Leon Podkaminer
Keywords
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- EP ID EP363656
- DOI 10.19192/wsfip.sj1.2017.5
- Views 74
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