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A further examination of the export-led growth hypothesis

Herzer, Dierk - 2010

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

A further examination of the export-led growth hypothesis

Dreger, Christian; Herzer, Dierk - 2011

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

Scope for export-led growth in a large emerging economy: Is India learning by exporting?

Tabrizy, Saleh S.; Trofimenko, Natalia - 2010

firm-level productivity paths differ between firms with varying degrees of exposure to international trade in India, the …

Persistent link: https://www.econbiz.de/10010270034

Vietnam following in China's footsteps: The third wave of emerging Asian economies

Chaponnière, Jean-Raphael; Cling, Jean-Pierre; Zhou, Bin - 2008

Vietnam has been following China's path closely and very successfully for the last two decades, since the adoption of Doi moi in 1986. Over those last two decades, economic growth rates in both countries have been the highest worldwide (with GDP growing by 8 per cent and 10 per cent per year,...

Persistent link: https://www.econbiz.de/10010273502

Manufacturing exports, mining exports and growth: cointegration and causality analysis for Chile (1960 - 2001)

Siliverstovs, Boriss; Herzer, Dierk - 2005

This study examines the export-led growth hypothesis using annual time series data from Chile in a production function framework. It addresses the problem of specification bias under which previous studies have suffered and focuses on the impact of manufactured and mining exports on productivity...

Persistent link: https://www.econbiz.de/10010265043

The exchange rate, diversification, and distribution in a modified Ricardian model with a continuum of goods

Razmi, Arslan - 2011

Several recent empirical and theoretical studies have revived interest in the relationship between the level of the exchange rate and economic development. This paper develops a dynamic model based on the Ricardian framework with a continuum of goods to consider the issue from a somewhat...

Persistent link: https://www.econbiz.de/10010397315

The surprising ingredients of Swedish success: Free markets and social cohesion

Sanandaji, Nima - 2012

New IEA paper demonstrates that Swedish success is a result of the free market and not the welfare stateExecutive Summary:Sweden did not become wealthy through social democracy, big government and a large welfare state. It developed economically by adopting free-market policies in the late 19th...

Persistent link: https://www.econbiz.de/10015334063

India's Reform of External Sector Policies and Future Multilateral Trade Negotiations

Srinivasan, T.N. - 2001

I evaluate India's transition from an inward-oriented development strategy to greater participation in the world … economy. While tariff rates have decreased significantly over the past decade, India is still one of the more autarkic … countries. Despite improvement over the past in export performance, India continues to lag behind its South- and East Asian …

Persistent link: https://www.econbiz.de/10010369186

The mechanics of central bank intervention in foreign exchange markets

Basu, Kaushik - 2009

Central banks in developing countries, wanting to devalue the domestic currency, usually intervene in the foreign exchange market by buying up foreign currency using domestic money-often backing this up with sterilization to counter inflationary pressures. Such interventions are usually...

Persistent link: https://www.econbiz.de/10010292055

Financial crises and national policy issues: An overview

Ffrench-Davis, Ricardo - 2002

In this overview we try to explain, first, why funds continued to flow towards emerging economies while fundamentals in host countries had been deteriorating before the Asian crisis (rising external deficit, with a significant liquid component appreciating exchange rates; low capital formation,...

Persistent link: https://www.econbiz.de/10010279100