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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.

Suggested Citation

  • Afxentiou , Panos, 1999. "Export Growth, Export Instability and Development: Some Thoughts and Tests," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 52(3), pages 281-298.
  • Handle: RePEc:ris:ecoint:0266

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    References listed on IDEAS

    1. Eichengreen, Barry & Rose, Andrew K & Wyplosz, Charles, 1996. "Contagious Currency Crises," CEPR Discussion Papers 1453, C.E.P.R. Discussion Papers.
    2. Graciela Kaminsky & Saul Lizondo & Carmen M. Reinhart, 1998. "Leading Indicators of Currency Crises," IMF Staff Papers, Palgrave Macmillan, vol. 45(1), pages 1-48, March.
    3. Obstfeld, Maurice, 1986. "Rational and Self-fulfilling Balance-of-Payments Crises," American Economic Review, American Economic Association, vol. 76(1), pages 72-81, March.
    4. Paul R Masson, 1998. "Contagion; Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria," IMF Working Papers 98/142, International Monetary Fund.
    5. Krugman, Paul, 1979. "A Model of Balance-of-Payments Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 311-325, August.
    6. Frankel, Jeffrey A. & Rose, Andrew K., 1996. "Currency crashes in emerging markets: An empirical treatment," Journal of International Economics, Elsevier, vol. 41(3-4), pages 351-366, November.
    7. van der Ploeg, Frederick, 1989. "The Political Economy of Overvaluation," Economic Journal, Royal Economic Society, vol. 99(397), pages 850-855, September.
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    More about this item

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General


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