 La tasa de crecimiento compatible con el equilibrio externo y las componentes de la demanda interna: Un test para la economía españolaBelén Fernández Castro ()
No 33, Documentos de trabajo - Analise Economica from IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia Abstract: In this paper a Balance of Payments Constrained Growth Model is tested. Usually these models specify a relationship among income, imports and the rest-of-the-world income, while here the specified relationship is among income, domestic demand and the rest-of-the-world income. Once the relationship is regressed the balance of payments equilibrium growth rate is obtained. We test whether the sustainable equilibrium growth rate obtained in such a way predicts accurately the actual rate of growth. Finally, we determine which components of domestic demand are more relevant in order to determine economic growth. The results show that, for the Spanish economy, the rate of economic growth is predicted quite precisely as a function of private demand and the rest-of-the-world income. Keywords: equilibrio externo; crecimiento económico (search for similar items in EconPapers) Published in Revista Galega de Economía, diciembre 2006, pages 1-22 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:edg:anecon:0033 Access Statistics for this paper More papers in Documentos de trabajo - Analise Economica from IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia Contact information at EDIRC. |
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