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Is there persistence in the growth of manufactured exports Evidence from newly industrializing countries (Inglés)

Price and income elasticities estimated from a country's export demand function are used both to predict and to prescribe effective export strategies. But the focus on elasticities has led to the neglect of an important empirical regularity: a strong persistence in the growth rate of a country's exports. The authors shift the spotlight to this phenomenon and describe the degree and pattern of persistence. They find that a country's exports...
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