Exports, Inflation, and Growth

ByThorvaldur Gylfason

September 1, 1997

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper identifies some of the main determinants of exports and economic growth in cross-sectional data from the World Bank, covering 160 countries in the period 1985-1994. First, the linkages between the propensity to export and population, per capita income, agriculture, primary exports, and inflation are studied by statistical methods. Then, the relationship between economic growth and some of the above-mentioned determinants of exports and investment are scrutinized the same way. The main conclusion is that, in the period under review, high inflation and an abundance of natural resources tended to be associated with low exports and slow growth.

Subject: Agricultural sector, Economic sectors, Expenditure, Exports, Inflation, International trade, National accounts, Personal income, Prices, Public expenditure review

Keywords: Agricultural sector, East Asia, Economic Growth, export differential, export ratio, Exports, high-inflation country, Inflation, medium-inflation country, merchandise export, Natural Resources, Personal income, primary export, Public expenditure review, rate of growth, South Asia, Trade, WP

Pages:
39
Volume:
1997
DOI:
https://doi.org/10.5089/9781451854138.001
Issue:
119
Series:
Working Paper No. 1997/119
Stock No:
WPIEA1191997
ISBN:
9781451854138
ISSN:
1018-5941

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