Resumo

BATISTA, Henrique Rogê  e  NEDER, Henrique Dantas. Rescimento sob restrição externa em países de renda média: uma análise empírica da lei de thirlwall multisetorial (2000-2013). Estud. Econ. [online]. 2020, vol.37, n.74, pp. 127-160. ISSN 2525-1295.

The article aims to test the validity of the growth model under a balance of payments constraint according to the Multi-sectoral Thirlwall's Law (2007) for a group of 69 middle-income countries between 2000 and 2013. The result shows the validity of the law, which denotes the relevant predictive power of the effective growth rate, and presents that the growth of these economies was restricted by the balance of payments. Given the non-statistical significance of the variables composing the model, the same cannot be stated for a disaggregated sample of 15 countries. The results also highlight the importance of sectorial composition in international trade and the heterogeneity of the sample

Palavras-chave : Economic Growth; External Constraint; Law Thirlwall.