An application of Thirlwall's law to the South African economy: Evidence from ARDL bounds testing approach

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dc.authoridOzturk, Ilhan/0000-0002-6521-0901
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorAcaravci, Ali
dc.date.accessioned2024-09-18T20:26:31Z
dc.date.available2024-09-18T20:26:31Z
dc.date.issued2010
dc.departmentHatay Mustafa Kemal Ãœniversitesien_US
dc.description.abstractThis paper applies Thirlwall's basic balance-of-payments constraint growth model to South Africa economic growth for the period of 1984:1 - 2006:1 by using Autoregressive Distributed Lag (ARDL) Bounds Testing approach. The empirical results reveal that import is cointegrated with relative price and income, and the equilibrium growth rates coincide with actual growth rates. Our empirical results also support the Thirlwall's hypothesis which states that balance of payments position of the South African economy is the main constraint on its economic growth. As a policy implication, a successful economic growth policy will permit South Africa to have a rapid growth in demand and supply without suffering deterioration in its balance of payments.en_US
dc.identifier.endpage266en_US
dc.identifier.issn1993-8233
dc.identifier.issue2en_US
dc.identifier.startpage262en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12483/10366
dc.identifier.volume4en_US
dc.identifier.wosWOS:000275384700012en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherAcademic Journalsen_US
dc.relation.ispartofAfrican Journal of Business Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectGrowthen_US
dc.subjectbalance of paymentsen_US
dc.subjectThirlwall's Lawen_US
dc.subjectbounds testing approachen_US
dc.subjectSouth Africaen_US
dc.titleAn application of Thirlwall's law to the South African economy: Evidence from ARDL bounds testing approachen_US
dc.typeArticleen_US

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