Is the export-led growth hypothesis valid for industrialized countries?
Author : Dalia Marin
Publisher :
Page : 23 pages
File Size : 45,33 MB
Release : 1989
Category :
ISBN :
Author : Dalia Marin
Publisher :
Page : 23 pages
File Size : 45,33 MB
Release : 1989
Category :
ISBN :
Author : Dalia Marin
Publisher :
Page : 48 pages
File Size : 41,49 MB
Release : 1989
Category : Economic development
ISBN :
Author : Natalie Jean McPherson
Publisher :
Page : 420 pages
File Size : 33,21 MB
Release : 1987
Category : Commercial policy
ISBN :
Author : Emilio J. Medina-Smith
Publisher : United Nations Conference on Trade and Development
Page : 64 pages
File Size : 44,97 MB
Release : 2001
Category : Business & Economics
ISBN :
The export-led growth hypothesis (ELGH) postulates that export growth is one of the determinants of economic growth. This study tests the hypothesis by examining the economy of Costa Rica, using data going back to 1950. It found that although exports had a positive effect on growth, their impact was relatively. It thus challenges some of the empirical literature on ELGH and expresses doubts about using exports as a comprehensive development strategy.
Author : Steven Durlauf
Publisher : Springer Science & Business Media
Page : 204 pages
File Size : 22,61 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 3642612113
One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.
Author : Dalia Marin
Publisher :
Page : 40 pages
File Size : 39,4 MB
Release : 1989
Category : Econometric models
ISBN :
Author : Jordan Shan
Publisher :
Page : 32 pages
File Size : 41,28 MB
Release : 1997
Category : China
ISBN : 9781875338931
Author : Daniel Lederman
Publisher : World Bank Publications
Page : 153 pages
File Size : 21,3 MB
Release : 2012-06-18
Category : Business & Economics
ISBN : 0821384910
Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.
Author : Raymond Glenn Riezman
Publisher :
Page : 64 pages
File Size : 24,89 MB
Release : 1993
Category :
ISBN :
Author : Boriss Siliverstovs
Publisher :
Page : 18 pages
File Size : 11,1 MB
Release : 2006
Category : Cointegration
ISBN :