Models of Balance of Payments Constrained Growth

History, Theory and Empirical Evidence

  • Elias Soukiazis
  • Pedro A. Cerqueira

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Introduction

    1. Elias Soukiazis, Pedro A. Cerqueira
      Pages 1-7
  3. Historical Overview on the Balance of Payments Constrained Growth Debate

  4. Alternative Models and Empirical Evidence

    1. Front Matter
      Pages 111-111
    2. Alberto Bagnai, Arsène Rieber, Thi Anh-Dao Tran
      Pages 113-143
    3. Elias Soukiazis, Pedro André Cerqueira, Micaela Antunes
      Pages 144-167
  5. The Convergence Issue and the Role of Exchange Rate on Balance of Payments Constrained Growth

    1. Front Matter
      Pages 187-187
    2. Carlos Garcimartín, José Antonio Alonso, Luis Rivas
      Pages 189-216
  6. Back Matter
    Pages 269-274

About this book


This book extends Thirlwall's model and adapts its implications to the current problems facing developed and emerging economies. In this context, this book combines theoretical models and empirical applications, unveiling new results and highlighting the importance of the balance of payments as a constraint to growth.


growth growth model trade

Editors and affiliations

  • Elias Soukiazis
    • 1
  • Pedro A. Cerqueira
    • 1
  1. 1.Faculty of EconomicsUniversity of CoimbraPortugal

Bibliographic information