Influence of import tariffs, accumulation of FER and external debt on economic growth depending on stages of economic development

M. Godunova
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M. Godunova: Savings Bank of Russian Federation (Sberbank), Moscow, Russia

Journal of the New Economic Association, 2010, issue 5, 28-45

Abstract: This paper investigates the influence of import tariffs, external debt and speed of foreign reserves accumulation on economic growth. It follows from existing literature that these policies can have different influence on growth, depending on the relative stage of economic development. The author outlines three relative stages of economic development. It follows from the results of our research, that on the first stage growth is stimulated by increasing the exchange rate and accumulation of external debt. On the second stage lowering of exchange rate has positive influence on the growth. On the third stage influence of the above mentioned policies is insignificant.

Keywords: Economic growth; institutes; foreign exchange reserves; external debt; import tariffs (search for similar items in EconPapers)
JEL-codes: C23 O24 O25 O43 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2010:i:5:p:28-45

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