Bibliographical references


Alberola, E.; Cervero, S. G.; López, H.; and Ubide A. “Global Equilibrium Exchange Rates - Euro, Dollar,
"Ins," "Outs," and Other Major Currencies in a Panel Cointegration Framework”, IMF Working Papers
99/175, 1999, International Monetary Fund.

Alberola, E. and López J. H. “Internal and external exchange rate equilibrium in a cointegration framework:
an application to the Spanish peseta”, Spanish Economic Review, 2001, vol.3, n.1, 23-41.

Alonso, J. A, “Growth and the External Constraint: Lessons from the Spanish Case,” Applied Economics,,
February 1999, vol. 31, 245-253.

Alonso, J. A. and Garcimartín, C. “A new approach to balance-of-payments-constrained growth model”.
Journal of Postkeynesian Economics, 1998, Vol. 21, nº. 2, 259-282.

Antunes, M. and Soukiazis, E., “How well the balance-of-payments constraint approach explains the Portuguese
growth performance. Empirical evidence for the 1965-2008 Period”, Working Paper nº. 13, 2009,
GEMF, Universidade de Coimbra.

Atesoglu, H. S., “Balance of Payments Constrained Growth. Evidence from the United States”. Journal of Post
Keynesian Economics, 1993, vol. 15, nº 4, 507-514.

Atesoglu, H. S., “Balance of Payments Determined Growth in Germany”. Applied Economic Letters, 1994,
vol. 1, nº 6, 89-91.

Atesoglu, H. S., “An Explanation of the Slowdown in US Economic Growth”, Applied Economics Letters,
1995, 2, 91-94.

Bagnai, A., “Structural breaks, cointegration, and the empirics of Thirlwall’s law”, Applied Economics, November
2008, 1-15 .

Bairam, E., “Balance of payments, the Harrod foreign multiplier and economic growth: the European and
North American experience”. Applied Economics, December 1988, nº 20, 1635-1642.

Bairam, E. and Dempster, G., “The Harrod Foreign Trade Multiplier and Economic Growth in Asian Countries”.
Applied Economics, November 1991, vol. 23, n.º 11, 1719-1724.

Banco de España, “Una actualización de las funciones de exportación e importación de la economía española”,
Boletín Económico, diciembre 2008, Banco de España.

Barrell, R.; Holland, D.; Jakab, Z. M.; Kovacs, M. A.; Smidkova, K.; Sepp, U; and Eufer, U., “An econometric
macro-model of transition: policy choices in the pre-accession period”, in Proceedings of AMFET’2001 Conference
– Modelling Economies in Transition, Krag (Poland), Lodz, Absolwent, 2008.

Bennett, H.; Escolano, J.; Fabrizio, S.; Gutiérrez, E.; Ivaschenko, I.; Lissovolik, B.; Moreno-Badia, M.; Schule,
W.; Tokarick, S.; Xiao, Y.; and Zarnic, Z., “Competitiveness in the Southern Euro Area: France, Greece, Italy,
Portugal, and Spain”, IMF Working Paper, 08/112, 2008.

Blanchard, O., “Adjustment within the euro. The difficult case of Portugal”. Portuguese Economic Journal,
April 2007, Vol. 6, No. 1, 1-21.

Britto, G. and McCombie, J. L. S., “Thirlwall's law and the long-term equilibrium growth rate: an application
to Brazil”. Journal of Post Keynesian Economics, Fall 2009, Volume 32, N° 1, 115-137.

Buisán, A., J.; Caballero C.; and Jiménez, N., “Determinación de las exportaciones de manufacturas en los
países de la UEM a partir de un modelo de oferta-demanda”, Boletín Económico, octubre 2003, Banco de
España.

Bulir, A. and Smidkova, K., “Exchange rates in the new EU accession countries: what have we learned from
the forerunners?”, Economic Systems 29, 2005, 163–186.

Carter, R. and Nagar, A. L., “Coefficients of Correlation for Simultaneous Equations Systems”. Journal of
Econometrics, 1977, vol. 6, 39-50

Elliot, D. R. and Rhodd, R., “Explaining Growth Rate Difference in Highly Indebted Countries: An Extension
to Thirlwall and Hussain”, Applied Economics, 1999, 31, 1145-1148.

Faini, R.; Pritchett, L; and Clavijo, F. “Import Demand in Developing Countries”, World Bank Working
Paper, 1988, Country Economics Department, Trade Policy.

Gandolfo, G., Qualitative Analysis and Econometric Estimation of Continuous Time Dynamic Models. Amsterdam,
North Holland, 1981.

García, C. and Gordo, E., “Funciones trimestrales de exportación e importación para la economía española”.
Documentos de Trabajo n.º 9822, 1988, Banco de España.

Garcimartín, C., Rivas, L. and Díaz, S., “Accounting for the Irish growth: a balance-ofpayments-constrint
approach”, Journal of Post Keynesian Economics, 2008, Vol. 30, nº. 3, 409-433.

Hussain, M., “The Balance of Payments Constraint and Growth Rate Differences Among African and East
Asian Economies”, African Development Review, June 1999, 103-137.

Lane, P and Milesi-Ferreti, G., “The external wealth of nations Mark II: Revised and expanded estimates of
foreign assets and liabilities, 1970-2004”, IMF Working Paper 06/69, 2006.

McCombie, J., “Thirlwall´s Law and Balance of Payments Constrained Growth—A
Comment on the Debate”, Applied Economics, 1989, 21, 611-629.

McCombie, J. S., “Thirlwall's Law and Balance of Payments Constrained Growth, More on the Debate”, Applied
Economics, 1992, 5 (1), 611-629.

Martinez-Mongay, C., “Spain and Portugal in the Euro Area: Lessons for Cyprus”, Cyprus Economic Policy
Review, 2008, vol. 2 no. 1, pp. 33-62.

McGregor, P. G. and Swales, J. K., “Professor Thirlwall and Balance of Payments Constrained Growth”, Applied
Economics, 1985, vol. 17, nº. 5, 17-32.

McGregor, P. G. and Swales, J. K., “Balance of Payments Constrained Growth: A Rejoinder to Professor
Thirlwall”, Applied Economics, 1986, , vol. 18, nº. 12, 1265-1274.

McGregor, P. G. and Swales, J. K., “Thirlwall´s Law and Balance of Payments Constrained Growth: Further
Comment on the Debate”, Applied Economics, 1991, vol. 23, nº. 1, 9-20.

Mauleón, I. and Sastre, L., “El saldo comercial en 1993: un análisis econométrico”, Información Comercial
Española, 1994, 735, 167-172.

Moreno-Brid, J. C., “On capital flows and the balance-of-payments-constrained growth model”. Journal of
Postkeynesian Economics, 1998, Vol. 21, Nº. 2, 283-298.

Moreno-Brid, J. C., “Capital Flows, Interest Payments and the Balance-of-Payments Constrained Growth
Model: A Theoretical and Empirical Analysis”. Metroeconomica 54, 2003, nº. 2-3, 346-365.

Senhadji, A. and Montenegro, C., “Time Series Analysis of Export Demand Equations: A Cross-Country
Analysis”, IMF Staff Papers, 1999, Vol. 43, No.3.

Thirlwall, A., “Balance of payments constraint as an explanation of international growth rate differences”.
Banca Nazionale del Lavoro Quarterly Review, 1979, 128(1), 45-53.

Thirlwall, A. P. and Hussain, M. N., “The balance of payments constraint, capital flows and growth rate differences
between countries”, Oxford Economic Papers, 1982, nº 3, 498-510.