An Analysis of so-Called Export-Led Growth:

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 gr...

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Bibliographic Details
Main Author: Yang, Jie (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2008
Series:IMF Working Papers Working Paper No. 08/220
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Summary: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
Physical Description:1 Online-Ressource (42 p)
ISBN:1451870787
9781451870787

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