The Harrod foreign trade multiplier and economic growth in Asian countries |
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| Authors: | Erkin I. Bairam Georgina J. Dempster |
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| Affiliation: | Department of Economics , University of Otago , Box 56, Dunedin , New Zealand |
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| Abstract: | The validity of the Harrod foreign trade multiplier for 11 Asian countries is tested. The results obtained generally support Thrilwall's specification of the multiplier. This suggests, in an open economy, relevant economic management is the factor that manipulates the income elasticities of exports and imports. |
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