School of Economics


profile image for Professor Tony Thirlwall

Professor Tony Thirlwall

Professor of Applied Economics

School of Economics, Keynes College, L1.11



Tony Thirlwall is Professor of Applied Economics. He was born in 1941 and received his higher education at the Universities of Leeds and Cambridge, and Clark University (USA). Virtually the whole of his academic career has been spent at the University of Kent which he joined as a lecturer in 1966, but he has also worked as a government economic adviser, and held various visiting positions including West Virginia University (1967); Princeton University (1971-72); University of Papua New Guinea (1974); Cambridge University (1979, 1986); Melbourne University (1981, 1988), and La Trobe University (1994). He has lectured widely overseas, including most recently the National Polytechnic Institute in Mexico City, which resulted in his most recent book, Economic Growth in an Open Developing Economy: The Role of Structure and Demand.

Recent assignments include Consultant to the Pacific Islands Development Programme in Hawaii, the African Development Bank, the Asian Development Bank, and UNCTAD. He is also a member of the Macroeconomics, Growth and History Centre (MaGHiC). back to top


Tony's publications can also be found on RePEc.

Also view these in the Kent Academic Repository

Pacheco-Lopez, P. and Thirlwall, A. (2007). Trade Liberalisation and the Trade-Off Between Growth and the Balance of Payments in Latin America. International Review of Applied Economics [Online] 21:469-490.
Thirlwall, A. (2007). Regional problems are "balance-of payments" problems. Regional Studies [Online] 41:S89 -S95.
Thirlwall, A. (2007). The least developed countries report, 2006: Developing productive capacities: A Review Article. Journal of Development Studies 43:766-778.
Thirlwall, A. (2007). Keynes and Economic Development. Economia Aplicada (Brazilian Journal of Applied Economics) [Online] 11:447-457.
Thirlwall, A. (2006). The Structure of Production, the Balance of Payments and Growth in Developing Countries: An Essay in Memory of Mohammed Nureldin Hussain 1954-2005 Thirlwall, A. P. ed. African Development Review 18:98-122.
Thirlwall, A. and Pacheco-Lopez, P. (2006). 177. Trade Liberalisation, the Income Elasticity of Demand for Imports and Growth in Latin America Thirlwall, A. P. ed. Journal of Post Keynesian Economics 29:41-66.
Thirlwall, A. and Pacheco-Lopez, P. (2006). Trade Liberalisation, the Income Elasticity of Demand for Imports and Growth in Latin America. Journal of Post Keynesian Economics -.
Thirlwall, A. and Pacheco-Lopez, P. (2008). Trade Liberalisation and The Poverty of Nations. Cheltenham: Edward Elgar.
Book section
Thirlwall, A. (2008). The Relevance of Keynes Today with Particular Reference to Unemployment in Rich and Poor Countries. in: Arestis, P. and McCombie, J. S. L. eds. Unemployment : Past and Present. United Kingdom: Palgrave-Macmillan.
Thirlwall, A. (2006). Debt Crisis. in: The Elgar Companion to Development Studies. Cheltenham: Edward Elgar Publishing Ltd., pp. 102-105.
Thirlwall, A. (2005). The Determinants of Saving in Developing Countries and the Impact of Financial Liberalisation. in: McCombie, J. S. L., Arestis, P. and Baddeley, M. eds. The New Monetary Policy: Implications and Relevance. Edward Elgar, pp. 192-203.
Showing 11 of 47 total publications in KAR. [See all in KAR]


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Consultation hours

  • Tue 16.00-17.00
  • Thu 11.30-12.30
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PhD supervision

Professor Thirlwall's current research interests include:

  • The impact of trade liberalisation on developing countries
  • Regional disparities in developing countries
  • The effect of structural change on the growth performance of developing countries

He would be willing to supervise PhD students in these fields.

Current students

  • Sashana Whyte, "The Impact of Export Instability on Caribbean Economies", registered 2014
  • Ivan Mendieta-Munoz, "Sources of Endogeneity of the Natural Rate of Growth in Latin America", registered 2012
  • Lanre Kassim, "Trade Liberalisation, the Balance of Payments and Tax Revenue in Sub-Saharan Africa", registered 2011

Past students

  • Fortunate Uneze, "The Impact of Foreign Aid on Investment, Growth and the Exchange Rate in West Africa", completed 2009
  • May Ahmad-Ariffin, "The Role of Trade in the Diversification of Brunei", completed 2008
  • Matteo Lanzafame, "Essays on Regional Growth and Unemployment in Italy", completed 2007
  • B Fowowe, "The Impact of Financial Liberalisation on the Economic Performance of Selected Countries in Sub-Saharan Africa", completed 2006
  • Penélope Pacheco-López, "Trade Liberalisation in Mexico on Exports, Imports and the Balance of Payments", completed 2003
  • Amelia Sanots-Paulino, "The Impact of Trade Liberalisation on Exports, Imports and the Balance of Payments in Selected Countries", completed 2002
  • K Nell, "Money, Inflation and Growth in South Africa", completed 2000
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Video lectures

Lectures in Mexico 2008: Trade, Growth and the Balance of Payments in Latin America

Lecture 1

The importance of economic growth ; the origins of modern growth theory; a critiques of orthodox growth theory ; structure and demand matter for economic growth ; Kaldor's growth laws

Lecture 2

The endogeneity of the natural rate of growth and constraints on demand ; balance of payments constrained growth models

Lecture 3

The impact of trade liberalisation on the balance of payments and growth in Latin America

Lecture 4

The impact of trade liberalisation in Mexico and the future of the Mexican economy

Panel discussion at UNCTAD on Thinking Development: Three decades of the Trade and Development Report (TDR) 20th February 2012

The first Trade and Development Report (TDR) was published in 1981. The TDR 2011 marked a landmark for the three decades of UNCTAD´s flagship publication. In this context, the UNCTAD Division on Globalization and Development Strategies organized a panel discussion on the subject “Thinking development: Three decades of the Trade and Development Report" as a pre-Conference event for UNCTAD XIII.

The panel discussion gathered together a number of experts in the field of macroeconomics and development strategies with the purpose of discussing the contribution of the Trade and Development Report to the debate on development during the past three decades.



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School of Economics, Keynes College, University of Kent, Canterbury, Kent, CT2 7NP

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Last Updated: 27/01/2016