rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Imports and Growth in Highly Indebted Countries
    sub title: an Empirical Study
  name:
    name part: Hentschel, Jesko.
    role:
      role term: creator
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  genre: Electronic books.
  origin info:
    place:
      place term: gw
    date issued: 1992
    issuance: monographic
  language:
    language term: eng
  physical description:
    reformatting quality: access
    form: remote
    extent: 1 online resource (xv, 209 pages 10 illustrations)
  abstract: A real imports of capital and intermediate goods declined sharply for highlyindebted countries in the 1980s, these economies were faced with the need tosubstitute previously imported factors of production with domestic capital and labor. The study empirically analyzes the degree of import dependence of twelve developing countries. Estimates of the short-run elasticity of substitution characterize both imported capital and intermediate goods to behave like complements in the production process in the developing countries. Long-run substitution elasticites differ considerably among the group of economies, especially for imported machinery and equipment. The results indicate that inward-oriented strategies have not achieved the aim of reducing the import dependence of the developing economies. In order to visualize theimplications of the differing degree of import dependence, a partial equilibrium econometric model is used to analyze the reaction of the trade account on external shocks and domestic policies in Columbia and Ecuador. Simulations show that the dependence on imported production means can transform an "adjustment with growth" of the external account intoan "adjustment or growth" controversy.
  note: by Jesko Hentschel.
  note: Electronic resource.
  subject:
    topic: Economics
  subject:
    topic: International economic relations
  subject:
    topic: Economics
  subject:
    topic: International economic relations
  classification: HF1351-1647
  classification: 337
  related item:
    title info:
      title: Studies in international economics and institutions
  identifier: 9783642467707 (electronic bk.)
  identifier: 3642467709 (electronic bk.)
  identifier: 9783642467721
  identifier: 3642467725
  identifier: http://proxy.library.tamu.edu/login
  record info:
    record content source: AU@
    record creation date: 121227
    record change date: 20260420202947.1
    record identifier: in00003579845
    language of cataloging:
      language term: eng