Exports and Economic Growth in Namibia, 1968-1992
This short paper analyzes Namibia's data from 1968 to 1992 in order to determine the role of exports in economic growth. The analysis confirms the general importance of exports, but finds no discernible sign of accelerated growth because of it. There is some evidence supporting the political economist's hypothesis about declining terms of trade due to external demand-side factors. Even so, Namibia seems to represent a vent-for-surplus example in which resource rents do neither sustain early, nor stimulate new, economic growth. An important finding is that domestic export supply factors are more essential to growth than external demand factors.
|Date of creation:||16 Jul 2003|
|Date of revision:|
|Note:||Type of Document - WordPerfect; prepared on IBM PC - PC; to print on HP/PostScript; pages: 18 ; figures: included. I never published this piece and now would like to reduce mailing and xerox cost by posting it.|
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- Sapsford, David, 1990. "Primary Commodity Prices and the Terms of Trade," The Economic Record, The Economic Society of Australia, vol. 66(195), pages 342-56, December.
- Rolf Weder, 1996. "How Domestic Demand Shapes the Pattern of International Trade," The World Economy, Wiley Blackwell, vol. 19(3), pages 273-286, 05.
- Augustin Kwasi Fosu, 1996. "Primary Exports and Economic Growth in Developing Countries," The World Economy, Wiley Blackwell, vol. 19(4), pages 465-475, 07.
- Feder, Gershon, 1983. "On exports and economic growth," Journal of Development Economics, Elsevier, vol. 12(1-2), pages 59-73.
- Salvatore, Dominick, 1983. "A Simultaneous Equations Model of Trade and Development with Dynamic Policy Simulations," Kyklos, Wiley Blackwell, vol. 36(1), pages 66-90.
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