Export Growth, Export Instability and Development: Some Thoughts and Tests
The extensive research on the impact of export growth and export instability on growth has produced non-definitive and often contradictory results. It would be surprising if it were otherwise. Countries react differently to their economic development interdependencies based on their size, resource endowments and national policies. Their dependence on export trade is destined to be varied, and the impact of export variability highly differentiated and rather insignificant as such variability is certainly not the only determinant, or even the primary determinant of investment and growth. Due to the limited illumination generated thus far, it is likely that future research will shift toward studies of these issues in the context of each country’s development dynamic.
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Volume (Year): 52 (1999)
Issue (Month): 3 ()
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