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Reflexões Sobre Crescimento com Restrição Externa e Controle de Capitais

Sérgio Meyrelles Filho ()

No 7, Working papers - Textos para Discussao do Curso de Ciencias Economicas da UFG from Curso de Ciencias Economicas da Universidade Federal de Goias - FACE

Abstract: This essay proposes a brief theoretical analysis on the relationship of international capital mobility and economic growth observed from the standpoint of demand-led growth. First of all, we briefly evoke the central propositions that constitute this so-called demand-led conception. Following, we review the balance-of-payments constrained growth model, as originally proposed by Thirlwall (1979), as well as subsequent efforts to incorporate capital flows in this analytical framework. Building on this theoretical structure, a model is proposed in order to study the connections between foreign exchange constr

Keywords: economic growth; foreign exchange restriction; capital control. (search for similar items in EconPapers)
Pages: 36 pages
Date: 2009-07
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