This paper presents empirical evidence pertaining to the "adding up problem" and the "fallacy of composition". It is shown that, rather than market constraint in the developed countries, export growth in the developing countries is largely determined by supply factors. Thus, the deceleration of economic growth in the developed countries after 1973 was accompanied by an acceleration of the growth of the exports of the developing countries. The findings...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1988/07/31
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Рабочий документ в рамках исследования вопросов политики
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WPS30
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1
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1
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2010/07/01
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The adding up problem
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average growth
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