This paper studies whether intra-developing country price competition has significant effects on the short-run growth rates of developing countries that are specialized in manufactured exports. Regression estimates using the generalized method of moments (GMM) applied to annual panel data for 17...

A general equilibrium macro model is constructed to explore effects of export-led growth policies on the terms of trade and the domestic distribution of a developing region with abundant labour. This region, the South, trades with another, the North; they have different technologies and supplies...

In its process of growth and its attempt to catch up with the North, the South faces a terms of trade decline in a product cycle scenario. If the South is dependent on imports of northern machines, its growth rate would be adjusted to the growth rate of the North and the terms of trade would...