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Factor market distortions and export performance: An eclectic review of the evidence

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  • Fischer, Bernhard
  • Spinanger, Dean

Abstract

This paper is based on a report commissioned by UNCTAD to serve as an input for the 1986 Trade and Development Report. The views expressed here within are solely those of the authors. Furthermore, the publication of this report should in no way be interpreted as official sanctioning or approval of the contents by UNCTAD, nor should even tacit agreement by UNCTAD with the approach, analysis or conclusions be assumed. The report itself attempts to shed some light on a subject which is of paramount importance in international economics, but which has been given surprisingly little attention. The approach taken is based on mainstream economic thought, whereby every effort has been taken to couch the text in terms understandable to informed politicians, businessmen and laymen. This seemed to be essential should the message embodied in this paper be easily absorbed. The authors nonetheless admit that whether the message is accepted depends - inter alia - on the willingness of the reader to allow deductions from an eclectic approach to be generalized upon. Despite this weakness the authors hope that serious discussions will be induced with the aim of improving the international allocation of resources so as to increase the welfare of all parties concerned. In light* of current or rather continuing financial constraints faced by many developing countries, a more efficient use of resources leading to higher income levels must surely be a goal which can be generally agreed upon.

Suggested Citation

  • Fischer, Bernhard & Spinanger, Dean, 1986. "Factor market distortions and export performance: An eclectic review of the evidence," Kiel Working Papers 259, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:259
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    References listed on IDEAS

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    1. Anne O. Krueger, 1983. "Trade and Employment in Developing Countries, Volume 3: Synthesis and Conclusions," NBER Books, National Bureau of Economic Research, Inc, number krue83-1, March.
    2. Young Lee, 1986. "Changing export patterns in Korea, Taiwan and Japan," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 122(1), pages 150-163, March.
    3. Jacques R. Artus & Rudolf R. Rhomberg, 1973. "A Multilateral Exchange Rate Model (Un modèle de taux de change multilatéral) (Un modelo multilateral de tipos de cambio)," IMF Staff Papers, Palgrave Macmillan, vol. 20(3), pages 591-611, November.
    4. Agarwal, Jamuna Prasad & Dippl, Martin & Langhammer, Rolf J., 1985. "EC trade policies towards associated developing countries: barriers to success," Open Access Publications from Kiel Institute for the World Economy 440, Kiel Institute for the World Economy (IfW Kiel).
    5. Spinanger, Dean, 1984. "The labor market in Panama: An analysis of the employment impact of the labor code," Kiel Working Papers 221, Kiel Institute for the World Economy (IfW Kiel).
    6. Jacques R. Artus, 1984. "An Empirical Evaluation of the Disequilibrium Real Wage Rate Hypothesis," NBER Working Papers 1404, National Bureau of Economic Research, Inc.
    7. Hal B. Lary, 1968. "Imports of Manufactures from Less Developed Countries," NBER Books, National Bureau of Economic Research, Inc, number lary68-1, March.
    8. Morawetz, David, 1985. "Pioneers in Development : Gerald M. Meier and Dudley Seers (Eds.) (1984) (New York: Oxford University Press for the World Bank), x + 372 pp., hardback, $29.95," World Development, Elsevier, vol. 13(12), pages 1307-1309, December.
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    Cited by:

    1. Nunnenkamp, Peter & Schweickert, Rainer, 1990. "Real exchange rates and economic growth in developing countries: Is devaluation contractionary?," Kiel Working Papers 405, Kiel Institute for the World Economy (IfW Kiel).
    2. Nunnenkamp, Peter, 1989. "Voluntary and involuntary lending : a test of major hypotheses," Policy Research Working Paper Series 193, The World Bank.
    3. Riveros, Luis A., 1989. "International differences in wage and nonwage labor costs," Policy Research Working Paper Series 188, The World Bank.
    4. Nunnenkamp, Peter, 1989. "Bank lending to developing countries in the 1980s: an empirical test of major hypotheses on voluntary and involuntary lending," Kiel Working Papers 354, Kiel Institute for the World Economy (IfW Kiel).
    5. Adrian Wood, 1994. "Give Heckscher and Ohlin a chance!," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 130(1), pages 20-49, March.
    6. Paqué, Karl-Heinz, 1993. "East-West-wage rigidity in united Germany: Causes and consequences," Kiel Working Papers 572, Kiel Institute for the World Economy (IfW Kiel).

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