Exports and Economic Development

Author/Editor:

Delano Villanueva

Publication Date:

May 1, 1993

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:

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.

Series:

Working Paper No. 1993/041

Subject:

Capital productivity Export performance Exports Labor Production growth

English

Publication Date:

May 1, 1993

ISBN/ISSN:

9781451846027/1018-5941

Stock No:

WPIEA0411993

Pages:

28

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