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Is the Export-led Growth Hypothesis Valid for Developing Countries? A Case Study of Costa Rica

  • Author: UNCTAD
  • Publication date: February 2001
  • Page count: 60
  • Language(s) in this book: English
  • Sales number: 01.II.D.8

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About the product

The export-led growth hypothesis (ELGH) states that export growth is one of the key determinants of economic growth. This study goes beyond the traditional neoclassical theory of production by estimating an augmented Cobb-Douglas production function. The study tests the hypothesis by analyzing the case of Costa Rica, using annual data for the period 1950-1997.