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Garcimartín, Carlos ; Rivas, Luis ; García Martínez, Pilar | Instituto Complutense de Estudios Internacionales (ICEI) | 2010-04Broadly speaking, the balance-of-payments constraint hypothesis as developed by Thirlwall has been empirically supported. Yet, it shows some shortcomings highlighted in the literature. In our opinion, two of them must be analysed. First, tempora[...]
