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Ayrıntılar EXPORT GROWTH
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İsimEXPORT GROWTH
AçıklamaEXPORT GROWTHAn Empirical Case Study for TurkeyI. INTRODUCTION  Sustained export growth represents an essential component in any adjustment package designed to achieve simultaneous adjustment and growth. In the face of a binding current account constraint and to the extent that import substitution are severely limited, the resumption of growth can often only be achieved through faster export expansion. The diverging experience between Latin American and East Asian countries underscores the contribution of export growth in limiting the costs of the adjustment process. (Sachs, 1985). Not surprisingly, the past decade has witnessed a significant shift in the orientation of trade policy in many developing countries, with a sizeable reduction in the bias against export-oriented activities. (Ktuger, 1990). Yet the question remains whether the response of exports to the new and more favorable set of incentives is sufficient to allow developing countries to resume growth without jeopardizing their external accounts. Both Dongues and Riedel (1977) and Balassa et al. (1986) argue that exports exhibit a significant response to changes in relative prices.
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Ekleme tarihi: 05.01.2008 22:25
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En son güncelleme 13.03.2008 11:25
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