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This paper challenges the common view that exports generally contribute more to GDP growth than a mere change in export volume, as the export-led growth hypothesis predicts. Applying heterogeneous panel cointegration techniques to a production function model with non-export GDP as the dependent...
Persistent link: https://www.econbiz.de/10010281816
This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...
Persistent link: https://www.econbiz.de/10010286623
Persistent link: https://www.econbiz.de/10011695811
, growth, and industrialization. It is shown that the counterfactual prediction of new growth theories regarding a positive … process of industrialization, trade policy can influence long-run growth rates even in non-scale growth models. …
Persistent link: https://www.econbiz.de/10010322071
Industrialization occupies a central place in the rich tapestry of development theory and practice. Although that place … income per capita can only occur through industrialization. This paper argues that it is becoming increasingly difficult for … most developing countries to achieve rapid growth through industrialization, and especially through export oriented …
Persistent link: https://www.econbiz.de/10010273465
decline have fallen as obviously. These results are consistent with the idea that industrialization in employment terms has … been more important for eventual prosperity than has industrialization in output terms; and that high manufacturing … industrialization may have become more difficult. …
Persistent link: https://www.econbiz.de/10011432708
, primarily, but not exclusively, fostering industrialization. We discuss the thin, but growing literature that evaluates the …
Persistent link: https://www.econbiz.de/10014469537
Successful economic development is usually characterized by two salient phenomena: industrialization and demographic … are interrelated. This paper develops a theory for their interaction with a special emphasis on the different pattern and …
Persistent link: https://www.econbiz.de/10010264936
agricultural technology affects industrialization. We demonstrate the existence of multiple equilibria; the economy is either … characterized by the use of a traditional agricultural technology and a low level of industrialization or the use of a mechanized … technology and a high level of industrialization. Relative to the traditional technology, the mechanized technology increases …
Persistent link: https://www.econbiz.de/10010369190
We propose a quantitative framework for the analysis of industrialization in which specialization in manufacturing or …
Persistent link: https://www.econbiz.de/10010288229