التفاصيل البيبلوغرافية
| العنوان: |
On the evolution of income elasticities of imports and Thirlwall’s Law: A Bayesian analysis for Latin America (1961-2018) |
| المؤلفون: |
Ferreira, Diego, Palma, Andreza A., Curado, Marcelo Luiz |
| المصدر: |
Estudos Econômicos (São Paulo). September 2021 51(3) |
| بيانات النشر: |
Departamento de Economia; Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo (FEA-USP), 2021. |
| سنة النشر: |
2021 |
| مصطلحات موضوعية: |
Import Elasticity, Thirlwall’s Law, Balance-of-Payments-Constrained Growth, Latin America, Bayesian Estimation, Time-Varying Parameter |
| الوصف: |
This paper analyzes the evolution of income elasticities of imports and verifies the validity original Thirlwall’s Law for eight Latin American countries overs the period 1961-2018. Given the econometric issues inherent to classical time-varying parameter regressions, a Bayesian estimation procedure is implemented in order to provide more robust parameter estimates. A stochastic volatility specification is also included to take into account the potential presence of conditional heteroskedasticity. While some Latin American economies showed a rather stable behavior, the income elasticities of imports for Brazil, Colombia and Mexico presented an upward trend from 1961 to 2018. Regarding the validity of original Thirlwall’s Law, there were evidences of the balance-of-payments (BOP) posing a restriction to the growth performance in all of the eight selected Latin American countries. |
| نوع الوثيقة: |
article |
| وصف الملف: |
text/html |
| اللغة: |
English |
| تدمد: |
0101-4161 |
| DOI: |
10.1590/0101-41615132dam |
| URL الوصول: |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612021000300453 |
| Rights: |
info:eu-repo/semantics/openAccess |
| رقم الانضمام: |
edssci.S0101.41612021000300453 |
| قاعدة البيانات: |
SciELO |