Abstract:
This short paper analyzes Namibia's data from 1968 to 1992 in order to determine the role of exports in economic growth. The analysis confirms the general importance of exports, but finds no discernible sign of accelerated growth because of it. There is some evidence supporting the political economist's hypothesis about declining terms of trade due to external demand-side factors. Even so, Namibia seems to represent a vent-for-surplus example in which resource rents do neither sustain early, nor stimulate new, economic growth. An important finding is that domestic export supply factors are more essential to growth than external demand factors.
Keywords:exports; and; economic; growth; trade; developing; countries; Africa; Namibia (search for similar items in EconPapers) JEL-codes:F43O33O38O40O55 (search for similar items in EconPapers) Date: Written 2003-07-16 Note: Type of Document - WordPerfect; prepared on IBM PC - PC; to print on HP/PostScript; pages: 18 ; figures: included. I never published this piece and now would like to reduce mailing and xerox cost by posting it. View list of references