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Exports as a Determinant of Long-Run Growth in Paraguay, 1966-96

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  • D. G. Richards

Abstract

During the 1970s and early 1980s Paraguay experienced relatively high rates of economic growth as well as a boom in primary goods production destined for export. The question which this research addresses concerns the relationship between these events and the applicability of the so-called export-led growth (ELG) hypothesis. The hypothesis is investigated via the use of modern time series methods including Granger causality tests, error correction modeling, and vector autoregression. The basic conclusion reached is that the ELG does not have much relevance to the Paraguayan case.

Suggested Citation

  • D. G. Richards, 2001. "Exports as a Determinant of Long-Run Growth in Paraguay, 1966-96," Journal of Development Studies, Taylor & Francis Journals, vol. 38(1), pages 128-146.
  • Handle: RePEc:taf:jdevst:v:38:y:2001:i:1:p:128-146
    DOI: 10.1080/00220380412331322211
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    Cited by:

    1. Rendón Obando, Hernando & Ramírez Franco, Luz Dary, 2017. "Impacto de la inversión extranjera directa y del grado de apertura de la economía sobre el crecimiento económico para América Latina 1980-2010/Impact of Foreign Direct Investment and Openness Degree o," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 35, pages 217-244, Enero.
    2. Paresh Kumar Narayan, 2008. "Forecasting Fiji's exports and imports, 2003-2020," International Journal of Social Economics, Emerald Group Publishing, vol. 35(12), pages 1005-1016, October.
    3. repec:wsi:serxxx:v:62:y:2017:i:02:n:s0217590815500708 is not listed on IDEAS
    4. Mah Jai S., 2015. "Export Expansion and Economic Growth in Tanzania," Global Economy Journal, De Gruyter, vol. 15(1), pages 173-185, March.

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