Effects of Slowdown in Industrial Countries on Growth in Non-Oil Developing Countries

Mohsin Khan and Morris Goldstein

No 1982/005, IMF Occasional Papers from International Monetary Fund

Abstract: One of the more important yet puzzling aspects of the recent global stagflation has been the rather surprising resiliency of growth rates of real income in non-oil developing countries during the 1973-80 period in the face of the marked slowdown of corresponding growth rates in the industrial world. The primary purpose of this paper is to shed some light on this phenomenon by examining the relationship between the rate of economic growth in the non-oil developing countries and that in the industrial countries over the past decade or so.

Keywords: OP; developing country; oil developing countries; country; growth rate; export; industrial country; country growth; rate of growth; developing country group; country imports; Exports; Imports; Export performance; Personal income; Oil exports; Middle East; Africa; South America; Western Hemisphere; North America; Western Europe (search for similar items in EconPapers)
Pages: 49
Date: 1982-08-04
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