Is the Export-led Growth Hypothesis Valid for Developing Countries?

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Author :
Publisher : United Nations Conference on Trade and Development
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Is the Export-led Growth Hypothesis Valid for Developing Countries? by : Emilio J. Medina-Smith

Download or read book Is the Export-led Growth Hypothesis Valid for Developing Countries? written by Emilio J. Medina-Smith and published by United Nations Conference on Trade and Development. This book was released on 2001 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Is China's Export-Oriented Growth Sustainable?

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Is China's Export-Oriented Growth Sustainable? by : Kai Guo

Download or read book Is China's Export-Oriented Growth Sustainable? written by Kai Guo and published by International Monetary Fund. This book was released on 2009-08 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the sustainability of China's export-oriented growth over the medium to longer term. It shows that maintaining the current export-oriented growth would require significant gains in market share through lower prices in a range of industries. This, in turn, could be achieved through a combination of increases in productivity, lower profits, and higher implicit or explicit subsidies to industry. However, the evidence suggest that it will prove difficult to accommodate such price reductions within existing profit margins or through productivity gains. Moving up the value-added chain, shifting the composition of exports, diversifying the export base, and increasing domestic value added of exports could give room to further export expansion. However, experiences from Asian economies that had similar export-oriented growth suggest there are limits to the global market share a country can occupy. Rebalancing growth toward private consumption would provide a large impetus to output growth and reduce the need for gaining further market share.

Export Growth in Latin America

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Author :
Publisher : Lynne Rienner Publishers
ISBN 13 : 9781555877590
Total Pages : 196 pages
Book Rating : 4.8/5 (775 download)

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Book Synopsis Export Growth in Latin America by : Carla Macario

Download or read book Export Growth in Latin America written by Carla Macario and published by Lynne Rienner Publishers. This book was released on 2000 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although Latin American and Caribbean countries have assigned a high priority to increasing exports, export performance in most cases remains deficient. This work investigates why this is so, identifying the policies that determine successes and failures in Brazil, Chile, Colombia and Mexico.

The Oxford Handbook of Industrial Hubs and Economic Development

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Publisher : Oxford University Press
ISBN 13 : 0192590944
Total Pages : 800 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis The Oxford Handbook of Industrial Hubs and Economic Development by : Arkebe Oqubay

Download or read book The Oxford Handbook of Industrial Hubs and Economic Development written by Arkebe Oqubay and published by Oxford University Press. This book was released on 2020-07-23 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrialization supported by industrial hubs has been widely associated with structural transformation and catch-up. But while the direct economic benefits of industrial hubs are significant, their value lies first and foremost in their contribution as incubators of industrialization, production and technological capability, and innovation. The Oxford Handbook of Industrial Hubs and Economic Development adopts an interdisciplinary approach to examine the conceptual underpinnings, review empirical evidence of regions and economies, and extract pertinent lessons for policy reasearchers and practitioners on the key drivers of success and failure for industrial hubs. This Handbook illustrates the diverse and complex nature of industrial hubs and shows how they promote industrialization, economic structural transformation, and technological catch-up. It explores the implications of emerging issues and trends such as environmental protection and sustainability, technological advancement, shifts in the global economy, and urbanization.

Financialisation in Latin America

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Publisher : Routledge
ISBN 13 : 0429874421
Total Pages : 272 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Financialisation in Latin America by : Noemi Levy

Download or read book Financialisation in Latin America written by Noemi Levy and published by Routledge. This book was released on 2018-12-07 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial capital continues to dominate Western economic organisations, despite major financial and economic crises. While these have not affected Latin American countries in the same way, other economic problems emerged after the reversion of loose monetary policies that debilitated the export-led growth model. This book discusses the issue of the financialised globalisation model in Latin America, looking at the region’s relationship with the international market. This edited collection is divided into three main sections. The first section discusses regional trends highlighting issues of trade and payments in financialised economies, the impact on deindustrialisation, its effect on inequality, external capital movements and monetary policies. The second section analyses the failure of comparative advantages of the export-led model in Colombia, Argentina and Mexico. Finally, the last section deals with the growth of financial balance sheets in small and developing economies such as Chile; how growth, investment and big corporation evolution were affected in Brazil and Mexico; and the effects of foreign exchange activity in Mexico. Through these discussions, this book aims to deepen the understanding of the crisis of financialisation and the export-led model, raising the question of whether it is possible for this model to continue or if it requires major readjustments to unfold economic growth. This book provides a distinctive analysis of the financialisation mechanisms in developing countries in order to emphasise affinities and differences between the countries of the region in productive and financial terms. It will be of great interest to economic and social science scholars and students, to journalists specialising on economic and development issues, and, more importantly, to policy makers.

Can the Export-led Growth Model be Applied to Large Developing Countries?

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Author :
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Can the Export-led Growth Model be Applied to Large Developing Countries? by : Jinjun Xue

Download or read book Can the Export-led Growth Model be Applied to Large Developing Countries? written by Jinjun Xue and published by . This book was released on 1991 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Wage-Led Growth

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Publisher : Springer
ISBN 13 : 1137357932
Total Pages : 329 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Wage-Led Growth by : Engelbert Stockhammer

Download or read book Wage-Led Growth written by Engelbert Stockhammer and published by Springer. This book was released on 2013-12-03 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

The Cambridge Economic History of Latin America

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Author :
Publisher :
ISBN 13 : 9780521857161
Total Pages : pages
Book Rating : 4.8/5 (571 download)

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Book Synopsis The Cambridge Economic History of Latin America by : Victor Bulmer-Thomas

Download or read book The Cambridge Economic History of Latin America written by Victor Bulmer-Thomas and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development

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Publisher : Springer
ISBN 13 : 9811305684
Total Pages : 304 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development by : Murat A. Yülek

Download or read book How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development written by Murat A. Yülek and published by Springer. This book was released on 2018-08-02 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spur economic development. It explains how today’s governments can design and implement industrial policy, and how they can determine economically strategic sectors to break out of Low and Middle Income Traps. Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a capacity and skill building process through certain stages. Industrial policy helps countries advance through those stages. Explaining technical concepts in understandable terms, the book discusses the capacity and limits of the developmental state in industrialization and in general in economic development, demonstrating how picking-the-winner type focused industrial policy has worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results.

Trouble in the Making?

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Publisher : World Bank Publications
ISBN 13 : 1464811938
Total Pages : 288 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Trouble in the Making? by : Mary Hallward-Driemeier

Download or read book Trouble in the Making? written by Mary Hallward-Driemeier and published by World Bank Publications. This book was released on 2017-10-12 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology and globalization are threatening manufacturing’s traditional ability to deliver both productivity and jobs at a large scale for unskilled workers. Concerns about widening inequality within and across countries are raising questions about whether interventions are needed and how effective they could be. Trouble in the Making? The Future of Manufacturing-Led Development addresses three questions: - How has the global manufacturing landscape changed and why does this matter for development opportunities? - How are emerging trends in technology and globalization likely to shape the feasibility and desirability of manufacturing-led development in the future? - If low wages are going to be less important in defining competitiveness, how can less industrialized countries make the most of new opportunities that shifting technologies and globalization patterns may bring? The book examines the impacts of new technologies (i.e., the Internet of Things, 3-D printing, and advanced robotics), rising international competition, and increased servicification on manufacturing productivity and employment. The aim is to inform policy choices for countries currently producing and for those seeking to enter new manufacturing markets. Increased polarization is a risk, but the book analyzes ways to go beyond focusing on potential disruptions to position workers, firms, and locations for new opportunities. www.worldbank.org/futureofmanufacturing

Productivity and Externalities

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4./5 ( download)

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Book Synopsis Productivity and Externalities by : Jaime De Melo

Download or read book Productivity and Externalities written by Jaime De Melo and published by World Bank Publications. This book was released on 1990 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: A model for export- led growth that captures structural change, growth in productivity, and growth in the share of trade.

On the Export-led Growth Hypothesis

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Publisher :
ISBN 13 : 9781875338931
Total Pages : 32 pages
Book Rating : 4.3/5 (389 download)

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Book Synopsis On the Export-led Growth Hypothesis by : Jordan Shan

Download or read book On the Export-led Growth Hypothesis written by Jordan Shan and published by . This book was released on 1997 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Analysis of So-Called Export-led Growth

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis An Analysis of So-Called Export-led Growth by : Jie Yang

Download or read book An Analysis of So-Called Export-led Growth written by Jie Yang and published by International Monetary Fund. This book was released on 2008-09 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The stylized fact that strong economic growth is usually accompanied with strong export growth leads many people to conclude that the export sector is the main driving force behind those episodes. The model in this paper, however, shows that the non-tradable sector may also generate high economic growth together with high export growth. Evidence shows that out of 71 "so-called" export-led growth episodes, only 37 of them are consistent with the "exports driving growth" hypothesis. Most of the remaining episodes (24 cases) experienced significant real exchange rate depreciation and are more likely to be characterized by "growth driving exports".

Managing Openness

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Publisher : World Bank Publications
ISBN 13 : 0821386336
Total Pages : 352 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Managing Openness by : Mona Haddad

Download or read book Managing Openness written by Mona Haddad and published by World Bank Publications. This book was released on 2011 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis triggered a broad reassessment of economic integration policies in developed and developing countries worldwide. The crisis-induced collapse in trade was the sharpest ever since World War II, affecting all countries and all product categories. A huge shock to the trading system, combined with severe macroeconomic instability, makes it natural for policymakers to call into question the basic underlying assumptions of trade liberalization and openness. In particular, outward-oriented or export-led growth strategies are being reassessed as openness is increasingly associated with greater volatility. However, it is crucial not to lose sight of the dynamic benefits that openness can offer. Examples include technology transfer, increased competitive pressure that reduces markups and improves efficiency, and economies of scale. The real question is how to manage outward-oriented strategies so as to maximize the benefits of openness while minimizing risks. This book aims to contribute to this important and ongoing policy debate, bringing together recent empirical work on the trade collapse, its causes and consequences, and the broader trade policy agenda in the post-crisis environment. It addresses critical policy issues revolving around the topic of outward-oriented growth strategy, including policy instruments that help manage risks associated with outward-orientation, lessons learned from the crisis for particular countries and regions, and how emerging trade policy issues such as climate change, commodities, global production networking, and migration affect the prospects for recovery and outward-oriented growth.

Export-oriented Development Strategies

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Publisher : Routledge
ISBN 13 : 0429711344
Total Pages : 357 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Export-oriented Development Strategies by : Vittorio Corbo

Download or read book Export-oriented Development Strategies written by Vittorio Corbo and published by Routledge. This book was released on 2019-03-08 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book originated with a conference that we held at Pontificia Universidad Cat61ica de Chile in late 1981. When we organized the conference, our focus was to provide policymakers and entrepreneurs with a summary of the experiences and lessons of countries that have pursued policies geared to export-led growth. After the conference we decided that the papers would be useful to a much wider audience and should be prepared for publication. The revised papers are contained in this volume.

Export-Led Growth

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Export-Led Growth by : Judith A. Giles

Download or read book Export-Led Growth written by Judith A. Giles and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic development and growth literature contains extensive discussions on relationships between exports and economic growth. One debate centers on whether countries should promote the export sector to obtain economic growth. An abundant empirical literature on this export-led growth (ELG) hypothesis has followed. We contribute to this literature in two ways. First, we provide a comprehensive survey of more than one hundred and fifty export-growth applied papers. We describe the changes that have occurred, over the last two decades, in the methodologies used to empirically examine for relationships between exports and economic growth, and we provide information on the current findings. The last decade has seen an abundance of time series studies which focus on examining for causality via exclusions restrictions tests, impulse response function analysis and forecast error variance decompositions. Our second contribution is to examine some of these time series methods. We show that ELG results based on standard causality techniques are not typically robust to specification or method. We do this by reconsidering two export-led growth applications--Oxley's 1993 study for Portugal and Henriques and Sadorsky's 1996 analysis for Canada. Our results suggest that extreme care should be exercised when interpreting much of the applied research on the ELG hypothesis.

Exports, Trade Policy and Economic Growth in Eras of Globalization

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Author :
Publisher : Routledge Studies in the Modern World Economy
ISBN 13 : 9780367504236
Total Pages : 228 pages
Book Rating : 4.5/5 (42 download)

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Book Synopsis Exports, Trade Policy and Economic Growth in Eras of Globalization by : Edward M. Feasel

Download or read book Exports, Trade Policy and Economic Growth in Eras of Globalization written by Edward M. Feasel and published by Routledge Studies in the Modern World Economy. This book was released on 2020-04 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an excellent resource for understanding the forces in international trade liberalization over two centuries that have brought us to this point, where the successes, setbacks and the countervailing forces now vie for the public's mind and support: the outcome of which will determine the future progress of increased globalization, or lack thereof. The book also examines whether trade policy has indeed promoted exports in the vast number of countries which increasingly look to trade agreements to gain a competitive edge, and to what extent export-driven growth has been an important force in advancing economic development around the world. In doing so, the book examines one of the most controversial issues in economic development: the promotion and significance of export-led growth.