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Export-led Growth (export-led + growth)

Distribution by Scientific Domains
Humanities and Social Sciences50%
Business, Economics, Finance and Accounting50%

Terms modified by Export-led Growth

  • export-led growth hypothesis
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    Selected Abstracts

    EXPORT-LED GROWTH IN CHILE: ASSESSING THE ROLE OF EXPORT COMPOSITION IN PRODUCTIVITY GROWTH

    THE DEVELOPING ECONOMIES, Issue 3 2006
    Dierk HERZER
    O47; F43; C22 This study examines the export-led growth hypothesis using annual time-series data from Chile in a production function framework. It addresses the limitations of the existing literature and focuses on the impact of manufactured and primary exports on productivity growth. In order to investigate if and how manufactured and primary exports affect economic growth via increases in productivity, several single-equation and system cointegration techniques are applied. The estimation results can be interpreted as evidence of productivity-enhancing effects of manufactured exports and of productivity-limiting effects of primary exports. [source]

    Informal Work in Latin America: Competing Perspectives and Recent Debates

    GEOGRAPHY COMPASS (ELECTRONIC), Issue 1 2009
    James J. Biles
    During the ,lost decade' of the 1980s, informal work and self-employment emerged as the most prevalent forms of work throughout Latin America. In response to the economic crisis, the majority of Latin American countries adopted a series of sweeping neoliberal reforms designed to open nations to trade and investment, promote export-led growth, and generate employment, ultimately reducing the incidence of informal work. Despite the widespread adherence to the neoliberal model and implementation of structural adjustment reforms during the past quarter century, informal work has not diminished and in much of Latin America the odds of finding ,decent work' are no better today than during the economic crisis of the 1980s. In light of this seeming paradox, this article offers an overview of the recent debates and controversies surrounding informal work in Latin America. Drawing on recent research, as well as reports and policy documents from key international organizations, I pose and attempt to answer four core questions: What counts as informal work? Who works informally in Latin America? Why do men and women throughout Latin America increasingly resort to informal work? What role does informal work play as a livelihood strategy in Latin America and how has this role changed in recent years? [source]

    EXPORT-LED GROWTH HYPOTHESIS: FURTHER ECONOMETRIC EVIDENCE FROM SOUTH ASIA

    THE DEVELOPING ECONOMIES, Issue 4 2005
    NASIM SHAH SHIRAZI
    This paper examines the export-led growth (ELG) hypothesis for five South Asian countries through cointegration and multivariate Granger causality tests. Strong support for a long-run relationship among exports, imports, and real output for all the countries except Sri Lanka were found. Feedback effects between exports and GDP for Bangladesh and Nepal and unidirectional causality from exports to output in the case of Pakistan were found. No causality between these variables was found for Sri Lanka and India, although for India GDP and exports did induce imports. A feedback effect between imports and GDP was also documented for Pakistan, Bangladesh, and Nepal, as well as unidirectional causality from imports to output growth for Sri Lanka. These and other findings are discussed from the standpoint of the export-led growth hypothesis. [source]

    Testing Export-Led Growth in India, Pakistan and Sri Lanka Using a Multivariate Framework

    THE MANCHESTER SCHOOL, Issue 4 2004
    Jim Love
    Most time-series studies in the area of export-led growth adopt a bivariate framework and neglect the role of terms of trade. Because the terms of trade have an important bearing on export earnings and income, the underlying models of these studies may have been misspecified. This study is the first to adopt a multivariate framework for South Asia as a region; and by including the terms of trade as an additional variable it tries to correct the misspecification bias of earlier studies. The evidence suggests bidirectional causality between real exports and real income in India, export-led growth in Pakistan and a no-causality result for Sri Lanka. [source]

    The Electronics Industries of the Asia,Pacific: Exploiting International Production Networks for Economic Development

    ASIAN-PACIFIC ECONOMIC LITERATURE, Issue 1 2001
    Mike Hobday
    Although the electronics industry has been one of the main driving forces behind the export-led growth of the newly industrialising economies (NIEs) of the Asia,Pacific, there has until recently been little empirical research showing how the various NIEs managed to enter international markets and gain technology. This paper describes the overall characteristics of the electronics sector in the NIEs, highlighting the main organisational innovations which have enabled local firms to enter international markets and acquire foreign technology. The OEM (original equipment manufacture) system, prevalent in East Asia, is contrasted with the TNC (transnational company)-led growth dominant in Southeast Asia. The paper also discusses the emerging ,contract electronics manufacturing', or CEM, which could threaten traditional OEM and TNC-subsidiary production in the NIEs. The electronics sector proves to be a rich source of empirical material, both for understanding the processes of economic development and for illustrating the role of latecomer enterprise in engaging with and exploiting international production networks. [source]

    Is the Export-led Growth Hypothesis Enough to Account for China's Growth?

    CHINA AND WORLD ECONOMY, Issue 4 2010
    María Jesús Herrerias
    F43; O40; O47; O53 Abstract One of the missing pieces preventing us from understanding recent Chinese economic development is the role played by openness and capital accumulation in this process. The question is whether the sharp economic growth that the Chinese economy has experienced is another case of export-led growth due to the open-door policy or whether, on the contrary, this growth has been caused by high domestic savings and investment rates (and the consequent capital accumulation). To answer this question, we employed an empirical framework of the cointegrated vector autoregressive model. The empirical results show that both investment (in physical capital and R&D) and exports, as well as the exchange rate policy, are relevant factors in explaining China's long-run economic growth over the past 4 decades. [source]