Structural transformation and growth of merchandise trade of low-income economies 1980–1992
- 29 Downloads
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.
KeywordsEconomic Growth Direct Relationship International Economic Structural Transformation Alternative Theory
Unable to display preview. Download preview PDF.
- Brown A. J. "Surveys of Applied Economics: Regional Economics With Special Reference to the U.K.,"Economic Journal, 74, 1969, pp. 759–96.Google Scholar
- Buck, T. W. "Shift and Share Analysis-A Guide to Regional Policy?"Regional Studies, 4, 1969, pp. 445–50.Google Scholar
- Curtis, Wayne C. "Shift-Share Analysis as a Technique in Rural Development,"American Journal of Agricultural Economics, 54, 1972, pp. 267–70.Google Scholar
- Dunn, E. S., Jr. "A Statistical and Analytical Technique for Regional Analysis,"Regional Science Paper Proceeding, 6, 1960, pp. 97–109.Google Scholar
- 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.Google Scholar
- 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.Google Scholar
- Trefler, Daniel. "The Case of Missing Trade and Other Mysteries,"American Economic Review, 85, 1995, pp. 1029–46.Google Scholar
- World Development Report, Oxford University Press, various issues, 1980–94.Google Scholar