Slowdowns and meltdowns: postwar growth evidence from 74 countries

Article Abstract:

The significance and timing of economic slowdowns and meltdowns in the postwar period were investigated. Slowdowns in the postwar growth trend of real per capita GDP of 74 developing and industrialized countries from 1950 through 1990 were analyzed. Empirical results showed that majority of the countries under study experienced significant slowdowns in their postwar economic growth rates. Most industrialized countries, with the exception of the US, Canada and the UK, had postwar growth slowdowns in the early 1970s.

Economics, Research and Development in the Social Sciences and Humanities, Research, Gross domestic product, Economic stagnation

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Is the export-led growth hypothesis valid for industrialized countries?

Article Abstract:

A study was conducted to determine whether a causal relationship exists between exports and productivity. The study applies cointegration and Granger-causality techniques to four industrialized market economies. The methods eliminate problems from earlier analyses, although a trade theory concludes that the relationship in question is fundamentally ambiguous. Results show that 'outward-looking' economic plans encourage productivity for both industrialized and developing countries.

Analysis, Exports, Industrial productivity

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Modeling aggregate manufactured exports for some Asian newly industrialized ecnomies

Article Abstract:

A study examined the accelerated export growth in Asia's developing countries. The analysis dwells on two hypothetical explanations. First, rapid export growth could be due to the income-elastic export demand. Second, a sudden surge in exports may be a result of rapidly-expanding export supply due to a highly price-elastic demand. Results show that product differentiation and innovation, though possibly camouflaged by high income elasticities, may influence export demand.

All Other Miscellaneous Manufacturing, Manufacturing industries, not elsewhere classified, Manufacturing Industries NEC, Manufacturing industry, Manufacturing industries, International trade, Asia

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