Exports, Inflation, and Growth

39 Pages Posted: 15 Feb 2006

See all articles by Thorvaldur Gylfason

Thorvaldur Gylfason

University of Iceland - Faculty of Economics and Business Administration; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute)

Date Written: September 1997

Abstract

This paper identifies some of the main determinants of exports and economic growth in cross-sectional data from the World Bank, covering 160 countries in the period 1985-1994. First, the linkages between the propensity to export and population, per capita income, agriculture, primary exports, and inflation are studied by statistical methods. Then, the relationship between economic growth and some of the above-mentioned determinants of exports and investment are scrutinized the same way. The main conclusion is that, in the period under review, high inflation and an abundance of natural resources tended to be associated with low exports and slow growth.

Keywords: Trade, Natural Resources, Inflation, Economic Growth

JEL Classification: E31, F10, F43

Suggested Citation

Gylfason, Thorvaldur, Exports, Inflation, and Growth (September 1997). IMF Working Paper No. 97/119, Available at SSRN: https://ssrn.com/abstract=882657

Thorvaldur Gylfason (Contact Author)

University of Iceland - Faculty of Economics and Business Administration ( email )

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Iceland
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Centre for Economic Policy Research (CEPR)

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CESifo (Center for Economic Studies and Ifo Institute)

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