Abstract
The Heckscher-Ohlin Vanek theorem, which predicts a direct relationship between exports and greater supply of factors used to produce those exports, performs only 50 percent of the time. However, there is no alternative theory which explains such a relationship. This paper analyzes the growth of merchandise trade of low-income countries, with particular reference to the growth of exports and net exports as these countries move from the predominantly agricultural goods producing era to the manufactured goods producing era. Results suggest, among other things, that industrial structure and governmental policies play an important role in the growth of merchandise trade.
Similar content being viewed by others
References
Brown A. J. "Surveys of Applied Economics: Regional Economics With Special Reference to the U.K.,"Economic Journal, 74, 1969, pp. 759–96.
Buck, T. W. "Shift and Share Analysis-A Guide to Regional Policy?"Regional Studies, 4, 1969, pp. 445–50.
Curtis, Wayne C. "Shift-Share Analysis as a Technique in Rural Development,"American Journal of Agricultural Economics, 54, 1972, pp. 267–70.
Dollar, David. "Outward-Oriented Developing Economies Really Do Grow More Rapidly: Evidence from 95 LCD's, 1976–85,"Economic Development and Cultural Change, 40, 1992, pp. 523–44.
Dunn, E. S., Jr. "A Statistical and Analytical Technique for Regional Analysis,"Regional Science Paper Proceeding, 6, 1960, pp. 97–109.
Hustedde, R.; Shaffer, R.; Pulver, G.Community Economic Analysis: A How-to Manual, Ames, IA: North Central Regional Center of Rural Development (Iowa State University), 1984.
Leser, C. E. V. "Some Aspects of the Industrial Structure of Scotland," University of Glasgow Department of Social and Economic Research, Occ. Paper V (University of Glasgow), 1951.
Trefler, Daniel. "The Case of Missing Trade and Other Mysteries,"American Economic Review, 85, 1995, pp. 1029–46.
World Development Report, Oxford University Press, various issues, 1980–94.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Mondal, W.I. Structural transformation and growth of merchandise trade of low-income economies 1980–1992. International Advances in Economic Research 2, 368–373 (1996). https://doi.org/10.1007/BF02295460
Issue Date:
DOI: https://doi.org/10.1007/BF02295460