134
Views
0
CrossRef citations to date
0
Altmetric
Articles

What can eastern European countries learn from the Slovak economy? A twin deficit growth approach

, , &
Pages 301-318 | Received 03 Dec 2016, Accepted 30 Aug 2017, Published online: 06 Dec 2017

References

  • Afonso, J. , and C. Garcimartín . (1998–99). “A New Approach to Balance-of-Payments Constraint: Some Empirical Evidence.” Journal of Post Keynesian Economics 21 (2), 259–282.
  • Afonso, A. , and J. T. Jalles . 2013. “Growth and Productivity: The Role of Government Debt.” International Review of Economics & Finance 25: 384–407.
  • Baum, A. , C. Checherita-Westphal , and P. Rother . 2013. “Debt and Growth: New Evidence for the Euro Area.” Journal of International Money and Finance 32: 809–821.
  • Blecker, R. (2009). “Long-Run Growth in Open Economies: Export-Led Cumulative Causation or a Balance-of-Payments Constraint?” Paper Presented at the 2nd Summer School on Keynesian Macroeconomics and European Economic Policies, August 2nd–9th, Berlin.
  • Catão, L. A. , and G. M. Milesi-Ferretti . 2014. “External Liabilities and Crises.” Journal of International Economics 94 (1): 18–32.
  • Cecchetti, S. G. , M. S. Mohanty , and F. Zampolli . (2011). “The real effects of debt”. BIS Working Papers 352, Bank for International Settlements.
  • Checherita-Westphal, C. , and P. Rother . 2012. “The Impact of High Government Debt on Economic Growth and Its Channels: An Empirical Investigation for the Euro Area.” European Economic Review 56 (7): 1392–1405.
  • Chenery, H. B. 1952. “Overcapacity and the Acceleration Principle.” Econometrica 20: 1–28.
  • Cimoli, M. , G. Porcile , and S. Rovira . 2010. “Structural Change and the BOP-Constraint: Why Did Latin America Fail to Converge?.” Cambridge Journal of Economics 34 (2): 389–411.
  • European Commission . (2016). “Statistical Annex of European Economy.” Directorate General Economic and Financial Affairs . Brussels: Spring. https://ec.europa.eu/info/sites/info/files/file_import/ip025_statistical_annex_ee_spring_2016_en_2.pdf
  • Garcimartín, C. , L. Rivas , and P. Martínez . (2010–11). “On the Role of Relative Prices and Capital Flows in Balance-of-payments Constrained Growth: The Experiences of Portugal and Spain in the Euro Area.” Journal of Post-Keynesian Economics 33 (2): 281–306.
  • Goodwin, R. M. 1951. “The Non-Linear Accelerator and the Persistence of Business Cycles.” Econometrica 19 (1): 1–17.
  • Kourtellos, A. , T. Stengos , and C. M. Tan . 2013. “The Effect of Public Debt on Growth in Multiple Regimes.” Journal of Macroeconomics 38: 35–43.
  • Lof, M. , and T. Malinen . 2014. “Does Sovereign Debt Weaken Economic Growth? A Panel VAR Analysis.” Economics Letters 122 (3): 403–407.
  • López, J. , and A. Cruz . 2000. “Thirlwall’s Law and beyond: The Latin American Experience.” Journal of Post Keynesian Economics, Spring 22 (3): 477–95.
  • McCombie, J. 1989. “Thirlwall’s Law and Balance-of-Payments Constrained Growth – A Comment on the Debate.” Applied Economics 21: 611–629.
  • McGregor, P. , and J. Swales . 1985. “Professor Thirlwall and the Balance-of-Payments Constrained Growth.” Applied Economics 17: 17–32.
  • McCombie, J. , and A. Thirlwall . 1994. Economic Growth and the Balance-of-Payments Constraint . Basingstoke: MacMillan Press, St. Martin’s Press.
  • McGregor, P. , and J. Swales . 1991. “Thirlwall’s Law and Balance-of-Payments Constrained Growth: Further Comment on the Debate.” Applied Economics 23: 9–23.
  • Moreno-Brid, J. (1998–99). “On Capital Flows and the Balance-of-payments-constrained Growth Model.” Journal of Post Keynesian Economics 21 (2): 283–298.
  • Panizza, U. , and A. F. Presbitero . 2014. “Public Debt and Economic Growth: Is There a Causal Effect?” Journal of Macroeconomics 41: 21–41.
  • Pattillo, C. A. , H. Poirson and L. A. Ricci . (2004). “What Are the Channels Through Which External Debt Affects Growth?”. IMF Working Papers, 4 (15).
  • Pelagidis, T. , and E. Desli . 2004. “Deficits, Growth, and the Current Slowdown: What Role for Fiscal Policy?” Journal of Post Keynesian Economics 26 (3): 457–465.
  • Reinhart, C. M. , and K. S. Rogoff . 2010. “Growth in a Time of Debt.” American Economic Review 100 (2): 573–578.
  • Soukiazis, E. , and M. Antunes . 2012. “Application of the balance-of-payments contrained growth model to Portugal, 1965-208.” Journal of Post-Keynesian Economics 34 (2): 353–379.
  • Soukiazis, E. , and P. A. Cerqueira . (2012). Models of Balance of Payments Constrained Growth. History, Theory and Empirical Evidence . Hampshire: Palgrave-Macmillan.
  • Soukiazis, E. , P. Cerqueira , and M. Antunes . (2012). “Growth Rates Constrained by Internal and External Imbalances and the Role of Relative Prices: Empirical Evidence from Portugal.” Working Paper nº8, GEMF. https://gemf.fe.uc.pt.
  • Soukiazis, E. , P. Cerqueira , and M. Antunes . (2013–14). “Growth Rates Constrained by Internal and External Imbalances and the Role of Relative Prices: Empirical Evidence from Portugal.” Journal of Post Keynesian Economics 36: 275–298.
  • Soukiazis, E. , E. Muchova , and J. Lisy . 2013. “Slovak Economic Growth and the Consistency of the Balance-of-Payments Constraint Approach.” Journal of Economics/Ekonomický Časopis 61 (9): 879–896.
  • Thirlwall, A. 1979. “The Balance-of-Payments Constraint as an Explanation of International Growth Rate Differences.” Banca Nazionale Del Lavoro 128: 45–53.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.