Exports, Inflation, and Growth

Author/Editor:

Thorvaldur Gylfason

Publication Date:

September 1, 1997

Electronic Access:

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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.

Series:

Working Paper No. 1997/119

Subject:

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

English

Publication Date:

September 1, 1997

ISBN/ISSN:

9781451854138/1018-5941

Stock No:

WPIEA1191997

Pages:

39

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