Heri Oscar Landa Díaz , Rosalinda Arriaga Navarrete
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引用次数: 11
Abstract
The paper is aimed at empirically assessing both the Marshall-Lerner condition and Thirlwall's hypothesis of external constraint on economic growth for the case of Latin American. Our goal is twofold: on the one hand, the role of the exchange rate in the trade balance equilibrium is dealt with and, on the other hand, we look at the effect of the current account balance on economic dynamics. A dynamic panel (Pooled Mean Group) is applied for hypothesis testing on a sample of data of countries such as Argentina, Brazil, Chile, Colombia and Mexico for the period 1994-2015. Our main results suggest that: 1) an improvement in the real exchange rate in the long run tend to improve the trade balance, and 2) the long-term growth path of an economy is demand-determined, with the export sector as the dynamic drive.
本文旨在对马歇尔-勒纳条件和瑟尔沃尔的经济增长外部约束假设进行实证评估。我们的目标是双重的:一方面，汇率在贸易平衡中的作用被处理，另一方面，我们看看经常账户平衡对经济动态的影响。采用动态面板(Pooled Mean Group)对阿根廷、巴西、智利、哥伦比亚、墨西哥等国1994-2015年的数据样本进行假设检验。我们的主要研究结果表明:1)长期实际汇率的改善倾向于改善贸易平衡;2)经济的长期增长路径是由需求决定的，出口部门是动态驱动。
期刊介绍：
It is a specialized journal, bilingual (Spanish and English), plural and critical, which accepts and publishes scientific research articles in national and international economy. It is considered a public good that belongs to the University and society. Its vocation is to analyze the evolution of the theoretical and practical economics. In its pages the paradigms of economics, history of economic thought, the theories and debates about economic policy and its consequences, the diagnosis of the Mexican economy, the economic development of Latin America and the problems spread the world economy in general. It is a journal that does not discriminate plural none paradigm; theoretical orientation is unorthodox for epistemological reasons, not ideological preferences.
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