IDEAS home Printed from https://ideas.repec.org/a/bla/kyklos/v25y1972i4p791-804.html
   My bibliography  Save this article

Export Instability And Economic Growth

Author

Listed:
  • Peter B. Kenen
  • Constantine S. Voivodas

Abstract

Does export instability interfere with economic development? Work by McBean answers in the negative. He finds no systematic relationship between instability and economic growth. This paper asks three questions about McBean's work: (1) Has he measured the relevant variables appropriately? (2) Were special factors at work in the period he studied (1950‐58) ? (3) Was his sample of countries representative? It presents a broader statistical analysis, using a different index of instability, two decades of data, and more countries. In general, the findings do not contradict McBean. But calculations using different time periods (1950‐66 and 1956‐67) do produce some evidence of interference. Furthermore, the paper finds one new relationship—a strong inverse connection between instability and the level of investment in developing countries.

Suggested Citation

  • Peter B. Kenen & Constantine S. Voivodas, 1972. "Export Instability And Economic Growth," Kyklos, Wiley Blackwell, vol. 25(4), pages 791-804, November.
    • Handle: RePEc:bla:kyklos:v:25:y:1972:i:4:p:791-804
    DOI: 10.1111/j.1467-6435.1972.tb01082.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-6435.1972.tb01082.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-6435.1972.tb01082.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Montague J. Lord, 1980. "Commodity Export Instability and Growth in the Latin American Economies," NBER Chapters, in: Commodity Markets and Latin American Development: A Modeling Approach, pages 213-244, National Bureau of Economic Research, Inc.
    2. Grinols, E. & Turnovsky, S.J., 1991. "Stochastic Equilibrium and Exchange Rate Determination a Small Open Economy with Risk Averse Optimizing Agents," Working Papers 91-21, University of Washington, Department of Economics.
    3. Sule Ozler & James Harrigan, 1988. "Export Instability and Growth," UCLA Economics Working Papers 486, UCLA Department of Economics.
    4. David Brodsky & Gary Sampson, 1979. "Export instability and economic structure: An east-west comparison," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 115(4), pages 745-755, December.
    5. Jere R. Behrman & Pranee Tinakorn, 1980. "The UNCTAD Integrated Program: Earnings Stabilization through Buffer Stocks for Latin America," NBER Chapters, in: Commodity Markets and Latin American Development: A Modeling Approach, pages 245-274, National Bureau of Economic Research, Inc.
    6. Peter Wilson, 1983. "The Consequences of Export Instability for Developing Countries — A Reappraisal," Development and Change, International Institute of Social Studies, vol. 14(1), pages 39-59, January.
    7. Michael Webb, 2005. "The conflicting impacts of export fluctuations and diversification programmes," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 14(3), pages 271-280.
    8. Muhammad Aslam Chaudhary & Amjad Naveed, 2003. "Export Earnings, Capital Instability and Economic Growth in South Asia," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 8(1), pages 65-89, Jan-June.
    9. F. G. Adams & J. R. Behrman & M. Lasaga, 1981. "Commodity Exports and NIEO Proposals for Buffer Stocks and Compensatory Finance: Implications for Latin America," NBER Chapters, in: Export Diversification and the New Protectionism: The Experiences of Latin America, pages 48-82, National Bureau of Economic Research, Inc.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:kyklos:v:25:y:1972:i:4:p:791-804. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.