Examines relationship between export instability & development of Third World in theory & practice (Korea). Harrod foreign trade multiplier model, two-stage least squares model, human & financial capital and financing.
Written in 1993; 2,250 words; 4 sources; $ 79.95
From the Paper:
"EXPORT INSTABILITY AND ECONOMIC GROWTH
Introduction
This research explores the relationship between export instability and economic growth. The dual focus in this exploration is on the functioning of the relationship in developing countries and econometric models that may be used in the application of the relationship to the economy of the State of Kuwait.
The General Relationship Between Exports and Economic Growth
A widely made claim is that "both historically and in the contemporary world economy, trade has been the engine of growth" (Thirlwall, 1990, p. 338). A further contention is made that almost no example of a country may be found that has "for a long period sustained a growth rate.."
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