01705cas a2200241 a 4500 AALejournalIMF003989 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846027 1018-5941 BD-DhAAL BD-DhAAL Villanueva, Delano. Exports and Economic Development / Delano Villanueva. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students A robust empirical determinant of long-term economic growth in many developing countries has been the expansion and diversification of the export sector. The latter, in turn, has been influenced by capital accumulation and economic growth. The growth model developed here explores this interdependence in the context of the 'new growth theory'. The analytical results are consistent with empirical regularities observed in the exports-economic growth linkages. The paper also derives a formula for the optimal rate of return to capital in the presence of learning effects and improvement of human resources brought about by export expansion and its interaction with saving and investment. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1993/041 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/041/001.1993.issue-041-en.xml IMF e-Library