| 书目名称 | Imports and Growth in Highly Indebted Countries |
| 副标题 | An Empirical Study |
| 编辑 | Jesko Hentschel |
| 视频video | |
| 丛书名称 | Studies in International Economics and Institutions |
| 图书封面 |  |
| 描述 | A real imports of capital and intermediate goods declinedsharply for highlyindebted countries in the 1980s, theseeconomies were faced with the need tosubstitute previouslyimported factors of production with domestic capitalandlabor. The study empirically analyzes the degree of importdependence of twelve developing countries. Estimates oftheshort-run elasticity of substitution characterize bothimported capital and intermediate goods to behave likecomplements in the production process in the developingcountries. Long-run substitution elasticitesdifferconsiderably among the group of economies, especiallyforimported machinery and equipment. The results indicatethatinward-oriented strategies have not achieved the aim ofreducing the import dependence of the developing economies.In order to visualize theimplications of the differingdegree of import dependence, a partialequilibriumeconometric model is used to analyze the reaction ofthetrade account on external shocks and domestic policies inColumbiaand Ecuador. Simulations show that the dependenceon imported productionmeans can transform an "adjustmentwith growth" of the external account intoan "adjustment orgrowth" controversy. |
| 出版日期 | Book 1992 |
| 关键词 | Debt crisis; Schuldenkrise; Wirtschaftsentwicklung; econometrics; economic development; efficiency; equili |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-642-46770-7 |
| isbn_softcover | 978-3-642-46772-1 |
| isbn_ebook | 978-3-642-46770-7Series ISSN 1431-6366 |
| issn_series | 1431-6366 |
| copyright | Springer-Verlag Berlin · Heidelberg 1992 |
发表于 2025-3-21 17:27:31
