We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Exports and Economic Growth: A Survey.
- Authors
Hultman, Charles W.
- Abstract
Foreign trade and payments have assumed a central role in the development plans of many underdeveloped countries. For most of these countries, exports represent an important share of total output and hence trends in foreign sales are critical in fostering over-all growth. In most development planning the importance of exports to domestic growth has been approached in terms of the acquisition of foreign exchange for the importation of goods and services. A major contribution of the foreign trade multiplier is in showing how a greater volume of exports promotes domestic expansion of income and employment. The foreign trade multiplier and the leading sector models have relevance in an explanation of the relationship between exports and internal growth; the difference may be largely a function of the time factor. An economy's comparative advantage changes over time; its external trade both influences and is influenced by its internal growth and endowment of productive factors.
- Subjects
EXPORTS; ECONOMIC development; ECONOMIC policy; INTERNATIONAL trade; ECONOMIC trends; INTERNATIONAL finance; FOREIGN exchange; ECONOMIC indicators
- Publication
Land Economics, 1967, Vol 43, Issue 2, p148
- ISSN
0023-7639
- Publication type
Article
- DOI
10.2307/3145238