This article surveys selected recent contributions and debates regarding fundamental
aspects of the theory of balance‐of‐payments‐constrained growth (BPCG). The survey …

The identification of major driving factors of a country's export performance represents a
challenging task. In particular, existing empirical evidence on the role of non-price …

The Sraffian supermultiplier model revealed the role of autonomous demand in economic
growth. Nevertheless, the sustainability of growth requires the stability of the financial stocks …

The study examines and distinguishes the impact of innovation input, innovation output, and
energy consumption in two distinct groups of countries classified by the United Nations …

Exchange rates and international prices are fundamental to explaining inflation in open
economies. Conflict inflation models account for these variables by including imported …

Several countries rely heavily on imported intermediate inputs for the manufacturing of their
exported goods. Understanding the implications of this reliance on a country's growth …

Economists have long debated whether the real exchange rate (RER) has a significant
impact on export performance and output growth. Some claim that export performance …

This study examines the role of global value chain (GVC) participation in high technology
exports using data over 120 countries during the 1995–2019 period. Our results suggest that …

The paper presents a model discussing the political economy dimension of the green
transition. There are brown sectors whose share in value-added and employment should …

The G20, representing the world's major developed and develo** countries, is
experiencing a unique situation with a troika of develo** countries–Indonesia, India, and …