Cover: Exports, capital imports and economic growth

Exports, capital imports and economic growth

by Benton F. Massell

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Abstract

In a paper published in 1962, R. J. Ball presented a theoretical examination of the effect of exports and of capital imports on an economy's rate of growth. Ball concluded that capital imports enable an economy to increase its rate of growth. The present study examines the model and the assumptions underlying Ball's conclusions. Both of his conclusions are found to follow from quite unacceptable assumptions; a more realistic set of assumptions yields entirely different results.

This report is part of the RAND Corporation research memorandum series. The Research Memorandum was a product of the RAND Corporation from 1948 to 1973 that represented working papers meant to report current results of RAND research to appropriate audiences.

This research in the public interest was supported by RAND, using discretionary funds made possible by the generosity of RAND's donors, the fees earned on client-funded research, and independent research and development (IR&D) funds provided by the Department of Defense.

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