Title: Are exports an engine of growth?
Author: Shahdad Naghshpour
Address: The University of Southern Mississippi, 730 East Beach Boulevard, Long Beach, MS 39560, USA
Abstract: Economic growth seems to be out of the reach of many countries in spite of all the efforts of governments, international agencies and economic theories. Investment is necessary, but not sufficient for economic growth. The debate on sufficient condition continues. The present study focuses on where the limited funds of poor countries should be invested. This study provides ample evidence in support of exports as the engine of growth. Thus, the recommendation is that the main investment efforts of a nation must be focused on the exports sector.
Keywords: engines of growth; economic development; exports; economic growth; exporting; investment; export sector.
Int. J. of Trade and Global Markets, 2012 Vol.5, No.2, pp.153 - 166
Available online: 15 Aug 2012