Exports and economic development /
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Author / Creator: | Villanueva, Delano, author. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, ©1993. |
Description: | 1 online resource (iii, 19 pages) : illustrations. |
Language: | English |
Series: | IMF working paper ; WP/93/41 IMF working paper ; WP/93/41. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12496241 |
Summary: | A robust empirical determinant of long-term economic growth in many developing countries has been the expansion and diversification of the export sector. The latter, in turn, has been influenced by capital accumulation and economic growth. The growth model developed here explores this interdependence in the context of the "new growth theory". The analytical results are consistent with empirical regularities observed in the exports-economic growth linkages. The paper also derives a formula for the optimal rate of return to capital in the presence of learning effects and improvement of human resources brought about by export expansion and its interaction with saving and investment. |
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Physical Description: | 1 online resource (iii, 19 pages) : illustrations. |
Format: | Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |
Bibliography: | Includes bibliographical references (pages 18-19). |
ISBN: | 1455200921 9781455200924 128134558X 9781281345585 1462398472 9781462398478 1455242403 9781455242405 9786613779151 6613779156 |