IDEAS home Printed from https://ideas.repec.org/p/ags/uerssr/277602.html
   My bibliography  Save this paper

Trade And Growth Of Developing Countries Under Financial Constraint

Author

Listed:
  • Shane, Mathew D.
  • Stallings, David

Abstract

International trade and growth will be severely affected by the debt problems of the developing countries for at least the next 5 years. International trade will not significantly increase for the United States or other nations unless both the developed and developing countries find fundamental solutions and take aggressive action to overcome this situation. The accumulation of international debt by the developing world was initiated after the first oil shock in 1973-74 when OECD countries accommodated the first increases in oil prices by allowing international liquidity to increase accordingly. The recirculation of this liquidity led to the debt buildup. The contractionary monetary policy response to the second oil shock of 1979-80 led to the current debt payment problem.

Suggested Citation

  • Shane, Mathew D. & Stallings, David, 1984. "Trade And Growth Of Developing Countries Under Financial Constraint," Staff Reports 277602, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:277602
    DOI: 10.22004/ag.econ.277602
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/277602/files/ers-report-130.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.277602?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
    ---><---

    References listed on IDEAS

    as
    1. Shane, Mathew, 1974. "Capital Markets and the Dynamics of Growth," American Economic Review, American Economic Association, vol. 64(1), pages 162-169, March.
    2. Jabara, Cathy L., 1980. "Terms of Trade for Developing Countries: A Commodity and Regional Analysis," Foreign Agricultural Economic Report (FAER) 146907, United States Department of Agriculture, Economic Research Service.
    3. Abbott, Philip C., 1984. "Foreign Exchange Constraints to Trade and Development," Foreign Agricultural Economic Report (FAER) 147529, United States Department of Agriculture, Economic Research Service.
    4. Mr. Ulrich Baumgartner & Mr. G. G. Johnson & K. Burke Dillon & R. C. Williams & Mr. Peter M Keller & Maria Tyler & Bahram Nowzad & Mr. G. Russell Kincaid & Mr. Tomás Reichmann, 1981. "External Indebtedness of Developing Countries," IMF Occasional Papers 1981/002, International Monetary Fund.
    5. Gerrard, Christopher D. & Roe, Terry, 1983. "Government intervention in food grain markets : An econometric study of Tanzania," Journal of Development Economics, Elsevier, vol. 13(1-2), pages 109-132.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Shane, Mathew & Stallings, David A., 1984. "Financial Constraints to Trade and Growth: The World Debt Crisis and its Aftermath," Foreign Agricultural Economic Report (FAER) 147532, United States Department of Agriculture, Economic Research Service.
    2. Edwards, Clark, 1985. "U.S. Agriculture's Potential to Supply World Food Markets," Agricultural Economic Reports 307995, United States Department of Agriculture, Economic Research Service.
    3. Hushak, Leroy J., 1985. "The Exchange Rate And Agriculture: Real Issue Or Dead Horse!," 1985 Annual Meeting, August 4-7, Ames, Iowa 278660, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Cesal, Lon C., 1985. "U.S. agricultural trade and the developing countries: Options and issues," Agricultural Outlook Forum Archive 1923 - 1997 326328, United States Department of Agriculture, Agricultural Outlook Forum.
    5. Hiemstra, Stephen W. & Shane, Mathew, 1988. "Monetary Factors Influencing GATT Negotiations on Agriculture," Foreign Agricultural Economic Report (FAER) 147990, United States Department of Agriculture, Economic Research Service.
    6. Sy, Hamath Alassane & Faminow, Merle D., 1991. "An Annotated Bibliography of the Sub-Sahara African Grain Economy," Occasional Papers 124282, University of Manitoba, Department of Agribusiness and Agricultural Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shane, Mathew & Stallings, David A., 1984. "Financial Constraints to Trade and Growth: The World Debt Crisis and its Aftermath," Foreign Agricultural Economic Report (FAER) 147532, United States Department of Agriculture, Economic Research Service.
    2. Roe, Terry & Shane, Mathew & Vo, De Huu, 1986. "Price Responsiveness of World Grain Markets: The Influence of Government Intervention on Import Price Elasticity," Technical Bulletins 157021, United States Department of Agriculture, Economic Research Service.
    3. Roe, Terry L. & Shane, Mathew & Vo, De Huu, 1986. "Import Elasticity with Government Intervention: A Time Series Cross Section Analysis of Seventy-Two Countries," Bulletins 7509, University of Minnesota, Economic Development Center.
    4. Abbas Mirakhor, 1993. "Equilibrium in a Non-Interest Open Economy التوازن في اقتصاد مفتوح خال من الربا," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 5(1), pages 3-23, January.
    5. Devlin, Robert & Mortimore, Michael, 1983. "Bancos transnacionales, el Estado y el endeudamiento externo en Bolivia," Series Históricas 7905, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    6. Harwood, Joy L. & Bailey, Kenneth W., 1990. "The World Wheat Market--Government Intervention and Multilateral Policy Reform," Staff Reports 278264, United States Department of Agriculture, Economic Research Service.
    7. Roe, Terry L. & Shane, Mathew, 1986. "Government in the Process of Trade and Development," 1986: Trade and Development Meeting, December 1986, CIMMYT, Mexico City, Mexico 50653, International Agricultural Trade Research Consortium.
    8. Rudiger Dornbusch & Thomas S. Johnson & Anne O. Krueger, 1988. "Our LDC Debts," NBER Chapters, in: The United States in the World Economy, pages 161-214, National Bureau of Economic Research, Inc.
    9. Hiemstra, Stephen W. & Shane, Mathew, 1988. "Monetary Factors Influencing GATT Negotiations on Agriculture," Foreign Agricultural Economic Report (FAER) 147990, United States Department of Agriculture, Economic Research Service.
    10. David Suratgar, 1982. "International Project Finance And Security For Lenders," Natural Resources Forum, Blackwell Publishing, vol. 6(2), pages 113-125, April.
    11. Teigen, Lloyd D., 1987. "Agricultural Parity: Historical Review and Alternative Calculations," Agricultural Economic Reports 308029, United States Department of Agriculture, Economic Research Service.
    12. Maltritz, Dominik & Molchanov, Alexander, 2014. "Country credit risk determinants with model uncertainty," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 224-234.
    13. Jaouad, Mohamed, 1994. "An agricultural policy and trade model for Morocco," ISU General Staff Papers 1994010108000011483, Iowa State University, Department of Economics.
    14. Noel D. Uri & Roy Boyd, 1997. "The Effects of Reducing the Motor Fuels Excise Tax on Agriculture in the United States," Energy & Environment, , vol. 8(1), pages 45-63, March.
    15. Mirakhor, Abbas, 1993. "Equilibrium in a Non-Interest Open Economy," MPRA Paper 56011, University Library of Munich, Germany.
    16. Sy, Hamath Alassane & Faminow, Merle D., 1991. "An Annotated Bibliography of the Sub-Sahara African Grain Economy," Occasional Papers 124282, University of Manitoba, Department of Agribusiness and Agricultural Economics.
    17. Devlin, Robert & Mortimore, Michael, 1982. "Bancos transnacionales, el Estado y el endeudamiento externo en Bolivia," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34165, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    18. Roe, Terry L., 1987. "Agricultural Policy in Developing Countries: The Transfer of Resources from Agriculture," Bulletins 7496, University of Minnesota, Economic Development Center.
    19. Boyd, Roy & Uri, Noel D., 1994. "The effects of an increase in the motor fuels excise tax on the U.S. economy," Energy, Elsevier, vol. 19(2), pages 211-226.
    20. Eicher, Carl K., 1986. "Food Security Research Priorities in Sub-Saharan Africa," Staff Paper Series 200916, Michigan State University, Department of Agricultural, Food, and Resource Economics.

    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:ags:uerssr:277602. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    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.