EXPORTS, CAPITAL IMPORTS AND ECONOMIC GROWTH,
Abstract
In a recent paper, R. J. Ball presented a theoretical examination of the effect of exports and of capital imports on an economy's rate of economic growth. Ball found that capital imports enable an economy to increase its rate of growth without incurring any debt burden. He found also that an increase in exports may reduce the rate of growth. The present study examines the model and the assumptions underlying Ball's conclusions. Both of Ball's conclusions are seen to follow from quite unacceptable assumptions; a more realistic set of assumptions yields entirely different results. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1964
- Accession Number
- AD0427024
Entities
People
- Benton F. Massell
Organizations
- RAND Corporation