Export instability and recurrent and development expenditure in a sample of developing countries

Love, J. (1989) Export instability and recurrent and development expenditure in a sample of developing countries. Journal of Developing Areas, 24(1), pp. 19-26.

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Publisher's URL: http://www.jstor.org/stable/4191814

Abstract

Prominent among the a priori arguments about the impact of export instability on the domestic economies of developing countries is the view that such instability creates considerable difficulties for the public sector. Difficulties are thought to emerge in the longer term since the uncer- tainty over export, and hence total, tax revenues, associated with export instability is held to complicate further the inherently complex process of development planning and, thus, to reduce the pace of economic growth below that which would be achieved under counterfactual circumstances of greater stability. In the short term, the pessimistic orthodoxy suggests, export-induced instability in government revenues leads to instability in government expenditures and, thereby, reinforces macroeconomic insta- bility arising from other sources such as changes in export producers' incomes.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Love, Professor James
Authors: Love, J.
College/School:College of Social Sciences > Adam Smith Business School
Journal Name:Journal of Developing Areas
Publisher:Expanded Academic
ISSN:0022-037X

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