{"id":125096,"date":"2024-01-23T09:31:06","date_gmt":"2024-01-23T08:31:06","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/125096\/"},"modified":"2025-10-22T22:09:49","modified_gmt":"2025-10-22T20:09:49","slug":"thirlwalls-law-reconsidered","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/125096\/","title":{"rendered":"\"Thirlwall's Law\" reconsidered"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-125096","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Thirlwall's Law is found to be the necessary but not sufficient condition for balanced long-run growth. A simple equation is considered whose empirical analysis could confirm \u2013 or reject \u2013 the validity of the Law. The analysis, conducted by means of econometric co-integration using the Dynamic Ordinary Least Squares method applied to data for 59 countries covering the years 1960-2012, suggests that Thirlwall's Law may not hold for the decisive majority of countries.","onlinedate":"2017-02-01 01:00:00","lang":"English","publication_series":"","publication_date":"20170201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"http:\/\/www.springer.com\/10663","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"44","monthly_report_pages":"29-57","monthly_report_pages_sort":"29","issue":"1","journal":"Empirica","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3500],"collaboration":"","persons":[12211],"persons_data":"[{\"personId\":12211,\"personName\":\"Leon Podkaminer\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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