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Export-led development. The case of Cuba


  • G. Seravalli



The basic hypothesis of an export-led model is that if an undeveloped country possesses a competitive advantage a cumulative process can be started; growth in exports and growth in output, and this can support rapid development. This process is normally nourished by foreign capital. But there may be circumstances which prevent a country from receiving large flow of capital. In this case it has to rely on ‘its own strength’, and it may be that economic development becomes impossible. The Cuban economy seems to confirm this, unless it is possible to activate difficult policies aimed at supporting domestic productivity and improving the quality of exports.

Suggested Citation

  • G. Seravalli, 2000. "Export-led development. The case of Cuba," Economics Department Working Papers 2000-EP03, Department of Economics, Parma University (Italy).
  • Handle: RePEc:par:dipeco:2000-ep03

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    References listed on IDEAS

    1. Paola Bortot & Stuart Coles, 2003. "Extremes of Markov chains with tail switching potential," Journal of the Royal Statistical Society Series B, Royal Statistical Society, vol. 65(4), pages 851-867.
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    4. Christopher A. T. Ferro & Johan Segers, 2003. "Inference for clusters of extreme values," Journal of the Royal Statistical Society Series B, Royal Statistical Society, vol. 65(2), pages 545-556.
    5. Engle, Robert F, 1982. "Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation," Econometrica, Econometric Society, vol. 50(4), pages 987-1007, July.
    6. Basrak, Bojan & Davis, Richard A. & Mikosch, Thomas, 2002. "Regular variation of GARCH processes," Stochastic Processes and their Applications, Elsevier, vol. 99(1), pages 95-115, May.
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