Suchergebnisse

How technological innovations have affected pricing policy; US.

A Granger/Sims reduced form approach (eg, see Granger, C. W. J., "Investigating Causal Relation by Econometric Models and Cross Spectral Methods," Econometrica, 1969, 37, 428-438) is used to examine whether export instability adversely affects the short-run stability & longer-run growth in domestic income. Analysis of financial statistics on 20 trade-dependent countries strongly supports the contention that export instability induces short-run macroeconomic instability. 1 Table, 1 Appendix, 24 References. Adapted from the source document.

The issue of export instability exerts an enduring fascination for economists with an interest in the area of economic development. Over several decades a voluminous literature has emerged embracing debates on the domestic consequences and on the causes of export instability. The purpose here is to examine these debates and an attempt is made to set out different theoretical stances, to classify and examine empirical findings, and to indicate the directions in which the debates have moved. Such a statement of a review article's purpose is, of course, incomplete without more specific delineation of the boundaries within which the general objectives are pursued. Here that delineation has three facets.