This paper presents a reworking of Thirlwall's model of economic growth restricted by the balance of payments forEl Salvador, taking into account its trade flows with the other Central American countries and its remittances. Theresults indicate that there is a restriction on the economic growth of this country determined by the economicgrowth of the other countries of the subregion. It is also found that the role of remittances in alleviating externalrestriction is low. Evidence is presented that this restriction can be overcome by increasing the quality of education.The work concludes by pointing out the urgency for Central American countries to substantially improve thequality of their educational systems, as a means of increasing their economic dynamism.
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