The Engine of Growth Or Its Handmaiden? PDF Download

Author: Raymond Glenn Riezman
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 23

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Author: Raymond Glenn Riezman
Publisher:
ISBN:
Category :
Languages : en
Pages : 64

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Author: Jonathan Russell Perraton
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Steven Durlauf
Publisher: Springer Science & Business Media
ISBN: 3642612113
Category : Business & Economics
Languages : en
Pages : 204

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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: Raymond Glenn Riezman
Publisher:
ISBN:
Category : Asia
Languages : en
Pages : 32

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Author:
Publisher:
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Category : Investments
Languages : en
Pages : 1214

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Author: X. Fu
Publisher: Springer
ISBN: 0230514839
Category : Business & Economics
Languages : en
Pages : 241

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This volume, based on a series analysis using up-to-date econometric technique, systematically investigates the role that exports and foreign direct investment (FDI) have played in China's development process, and questions the received wisdom that exports and FDI are always an unalloyed blessing. It focuses on the transmission mechanisms through which exports and FDI influence growth and economic development and investigates the impact of exports and FDIs on employment, development financing and productivity growth, amongst other issues, in China.

Author: Robert Castley
Publisher: Springer
ISBN: 1349258334
Category : Business & Economics
Languages : en
Pages : 409

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Very few developing countries have successfully industrialised. Many are under pressure from international organisations to achieve 'self-sustainable' industrialisation. This is why Korea's case is particularly interesting. There have been many attempts to explain the causes of Koreas' economic miracle. These have focused mainly on the internal factors such as the discipline of the Korean workforce and export-promotion policies. The present study however shows that these factors contributed to Korea's impressive growth but do not explain the reasons for her success. External factors have been more important, the Japanese economy in particular. This book examines therefore in detail the impact of Japan's economic growth on the Korean economy, in particular the stimulating effects of trade, sub-contracting, relocation of industry, investment, loans and technology transfer. It demonstrates how Japan provided a range of goods, services and capitals which were precisely what the newly industrialising country needed.

Author: Alan Woolan d
Publisher: Springer
ISBN: 1349145432
Category : Business & Economics
Languages : en
Pages : 442

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International trade and investment have flourished globally but nowhere so spectacularly as in the Asia-Pacific region. This volume brings together some of the most eminent economists in the field to analyse this vital region from both theoretical and empirical perspectives. The volume focuses especially on trade policy and welfare, game theory analysis of trade policy and the linkages between trade policy and endogenous growth.

Author: Maaike S. Oosterbaan
Publisher: Springer Science & Business Media
ISBN: 1461544831
Category : Business & Economics
Languages : en
Pages : 290

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Determinants of economic growth: An overview Thijs de Ruyter van Steveninck, Nico van der Windt, and Maaike Oosterbaan Netherlands Economic Institute What causes economic growth? Why have some countries grown much faster than others? Why do some countries not grow at all, or even experience negative (per capita) growth rates? What can governments do to raise the growth rates of their country? These questions were discussed at a conference on March 23 and 24, 1998, organized by the Netherlands Economic Institute (NEI) on behalf of the Netherlands Ministry of Foreign Affairs. This book contains the proceedings of the conference. Economic growth is widely considered as a necessary (though not sufficient) condition for poverty alleviation. During the past two decades, scholars and researchers have found a renewed interest in thinking about economic growth, and advances in the understanding of economic growth have taken place. On the one hand, the theoretical understanding of growth has progressed on various fronts, including endogenous technological innovation and increasing returns to scale; the interaction of population, fertility, human capital, and growth; international spill-overs in technology and capital accumulation; and the role of institutions. On the other hand, the increasing availability and use of data sets has given a large incentive to empirical research on cross-country growth, following the path-breaking work ofBarro (1991).