Economics%20116%20-%20Lecture%207%20-%20Final

Economics%20116%20-%20Lecture%207%20-%20Final - Economics...

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Economics 116: Economic Development UC San Diego, Spring 2009 Prof. Karthik Muralidharan Department of Economics Lecture 7
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Administrative Stuff Midterm Will be returned on Thursday after lecture Detailed grading rubric and curve information will be put up on course website Main observation is that most of you knew the terms and could use them, but many answers were quite imprecise – you don’t get much credit for this Lunch this week Tomorrow (Wednesday) at OVT at 12:45pm Assigning of students to TA’s How this will work
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Lecture Outline (4/21/09) Primary Products and Development Import Substitution Foreign Contact, Technology Transfer, and FDI Three views on trade and development
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Primary Product (PP) Export Share HDI Share of Primary Products (PP) in exports (Median) Export Concentration (Median) Low 84.1 .493 Medium 60.4 .303 High 25.9 .143 Take a look at Exhibit III.A.1 of the textbook We see that low HDI countries are more likely to export more primary products Defined as food items, agricultural raw materials, fuels, and ores and metals High primary product exports are also correlated with concentrated exports
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Share Correlation between Primary Product (PP) Export Share (ES) and export concentration is 0.67 Positive correlation between PP ES and natural resources Negative association between PP ES and education Several papers find a negative relationship between PPES and growth in GDP/Capita Considered one of the most robust correlates of growth in cross-country growth regression analysis Does this imply that high prevalence of primary products causes low growth? Not necessary.
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This note was uploaded on 05/06/2010 for the course ECON ECON 116 taught by Professor Muralidharan during the Spring '09 term at UCSD.

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Economics%20116%20-%20Lecture%207%20-%20Final - Economics...

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