Type of Document Master's Thesis Author Baker, Arnold B. URN etd-08052009-040211 Title The application of A. Maizels' expost formulation of the the Chenery-Strout growth model to Peru. Degree Master of Arts Department Economics Advisory Committee
Advisor Name Title Falero, Frank Jr. Committee Chair Bonomo, Vittorio A. Committee Member Schotta, Charles Jr. Committee Member Keywords
Date of Defense 1968-11-19 Availability restricted AbstractEconomic theory has produced many dynamic models of economic growth and development, some of which take into account the export-import sector and balance of payments problem so vital to underdeveloped countries. These models are either product-market oriented, money-market oriented, or some combination of both. Those that are product-market oriented generally take the import sector as exogenously determined or changing at some specific, usually constant, rate and
then analyze the export sector with respect to it; suggesting that in
accordance with the theory of comparative advantage, an underdeveloped
country should expand its production of export good or goods in which it possesses a comparative advantage, as a means of improving its balance of payments position and moving towards sustained economic growth.
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