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Instabilità dei proventi delle esportazioni, crescita eco¬nomica e politiche di stabilizzazione. Il caso dei paesi in via di sviluppo aderenti alla Convenzione di Lomé

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Abstract

The paper investigates the relationship between export earnings instability and economic growth of the open and small developing countries which signed the Lomé Convention (ACP states). It has been empirically shown how export instability lessens the economic performance of these countries. This result legitimates the EU policy to guarantee financial aid to the ACPs suffering unforeseen drops in export proceeds. To this end, since 1975 the policy adopted is the STABEX. The extension of the analysis shows that the compensatory payments stabilised the export earnings time series of the recipient countries. Furthermore, it is also pointed out how weak the results are when the effectiveness of STABEX transfers is evaluated by considering their impact on the economic growth of ACPs.

Suggested Citation

  • Aiello, Francesco, 1998. "Instabilità dei proventi delle esportazioni, crescita eco¬nomica e politiche di stabilizzazione. Il caso dei paesi in via di sviluppo aderenti alla Convenzione di Lomé," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 51(4), pages 473-496.
  • Handle: RePEc:ris:ecoint:0288
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    Cited by:

    1. Aiello, Francesco Aiello, 2010. "Experiences with Traditional Compensatory Finance Scheme and Lessons from FLEX - Esperienze dei tradizionali sistemi di compensazione finanziaria e lezioni dal caso FLEX," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 63(1), pages 1-52.

    More about this item

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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