This paper presents empirical evidence pertaining to the "adding up problem" and the "fallacy of composition". It is shown that, rather than market constraint in the developed countries, export growth in the developing countries is largely determined by supply factors. Thus, the deceleration of economic growth in the developed countries after 1973 was accompanied by an acceleration of the growth of the exports of the developing countries. The findings...
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INFORMATION
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1988/07/31
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Document de travail de recherche sur les politiques
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WPS30
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1
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1
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2010/07/01
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The adding up problem
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average growth
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