Felipe de Sousa Bastos, Guilherme Irffi, Ivan Castelar
{"title":"A balança comercial é uma restrição ao crescimento econômico dos estados brasileiros? Uma análise para o período de 1991 a 2009","authors":"Felipe de Sousa Bastos, Guilherme Irffi, Ivan Castelar","doi":"10.1590/0101-31572016V37N01A12","DOIUrl":null,"url":null,"abstract":"ABSTRACT : This paper investigates whether there is a restriction imposed by the balance of payments – through the relationship between income elasticities of imports and exports – on the economic growth of Brazilian states. In other words, it checks the validity of Thirlwall’s Law to the Brazilian states in the period from 1991 to 2009. These elasticities were estimated using the dynamic panel estimator System-GMM, which circumvents the classical endogeneity problem inherent to dynamic panels. The results point out to the validity of the law, since the income elasticity of imports was higher than the income elasticity of exports. KEyWoRDS : Thirlwall’s Law; Economic Growth; Brazilian states.JEL Classification: E12; F00; C01. Revista de Economia Politica, vol. 37, no 1 (146), pp. 226-242, janeiro-marco/2017 * Respectivamente, Doutorando em Economia – Centro de Aperfeicoamento de Economistas do Nordeste da Universidade Federal do Ceara - CAEN/UFC, E-mail: flpsbastos@gmail.com; Professor Adjunto do Departamento de Economia Aplicada da Universidade Federal do Ceara - DEA/UFC, E-mail: ghidirffi@gmail.com; Professor Titular da Universidade Federal do Ceara, email: lume1250@yahoo.com.br. Submetido: 23/Janeiro/2015: Aprovado: 24/Fevereiro/2016. 226","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"184 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2017-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Revista de Economia Política","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1590/0101-31572016V37N01A12","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
ABSTRACT : This paper investigates whether there is a restriction imposed by the balance of payments – through the relationship between income elasticities of imports and exports – on the economic growth of Brazilian states. In other words, it checks the validity of Thirlwall’s Law to the Brazilian states in the period from 1991 to 2009. These elasticities were estimated using the dynamic panel estimator System-GMM, which circumvents the classical endogeneity problem inherent to dynamic panels. The results point out to the validity of the law, since the income elasticity of imports was higher than the income elasticity of exports. KEyWoRDS : Thirlwall’s Law; Economic Growth; Brazilian states.JEL Classification: E12; F00; C01. Revista de Economia Politica, vol. 37, no 1 (146), pp. 226-242, janeiro-marco/2017 * Respectivamente, Doutorando em Economia – Centro de Aperfeicoamento de Economistas do Nordeste da Universidade Federal do Ceara - CAEN/UFC, E-mail: flpsbastos@gmail.com; Professor Adjunto do Departamento de Economia Aplicada da Universidade Federal do Ceara - DEA/UFC, E-mail: ghidirffi@gmail.com; Professor Titular da Universidade Federal do Ceara, email: lume1250@yahoo.com.br. Submetido: 23/Janeiro/2015: Aprovado: 24/Fevereiro/2016. 226