3 edition of Economic growth through export expansion found in the catalog.
Economic growth through export expansion
Festus O. Egwaikhide
by Nigerian Institute of Social and Economic Research (NISER) in Ibadan
Written in English
Includes bibliographical references (p. -36).
|Statement||Festus O. Egwaikhide.|
|Series||NISER monograph series ;, no. 10, 1991, N.I.S.E.R. monograph series ;, 1991, no. 10.|
|LC Classifications||HF3931.Z5 E37 1992|
|The Physical Object|
|Pagination||41 p. ;|
|Number of Pages||41|
|LC Control Number||94159241|
How important industrial policy was for Miracle Growth remains controversial, however. The view of Johnson (), who hails industrial policy as a pillar of the Japanese Development State (government promoting economic growth through state policies) has been criticized and revised by subsequent scholars. The book by Uriu () is a case in point. assumption, GDP growth is assumed as the only ultimate goal of economic policies, the degree of priority to be accorded to the intermediate goal of export expansion is a matter of controversy. In fact, on one hand, few analysts would deny that the indiscriminate expansion of at least some kinds of exports (i.e., those based.
The Facts of Economic Growth C.I. Jones Stanford GSB, Stanford, CA, United States NBER, Cambridge, MA, United States Contents 1. Growth at the Frontier 5 Modern Economic Growth 5 Growth Over the Very Long Run 7 2. Sources of Frontier Growth 9 Growth Accounting 9 Physical Capital 11 Factor Shares 14 Human Capital 15 terms of trade shocks by stabilizing export revenues. Economic growth and structural change depends upon the types of products that are being traded (Hausmann and Klinger, ; Hwang, ). Thus, through export diversification, an economy can progress towards the production and exportation of sophisticated products which.
An economic expansion is an increase in the level of economic activity, and of the goods and services is a period of economic growth as measured by a rise in real GDP. The explanation of fluctuations in aggregate economic activity between economic expansions and contractions is one of the primary concerns of macroeconomics.. Typically an economic expansion is marked by an upturn. This article examines the causality among economic growth, export expansion and export composition in China since economic reform. The cointegration tests show that cointegrating vectors do not exist either between economic growth and export composition or between export expansion and export composition. Meanwhile, the null hypothesis that economic growth and export expansion .
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Perspectives: Hygiene How hand-washing explains economic expansion The history of economic growth is, in many ways, a tale of cleanliness Books & arts Aug 1st edition.
Growth and export expansion in developing countries: This paper analyzes the empirical relationship between economic growth and export expansion in developing countries as observed through an intercountry cross-section. Employing data from 55 middle income developing countries for the period –, bivariate tests revealed significant Cited by: Economic Growth from Mid into Early Ended Abruptly.
After contracting sharply in the Great Recession, the economy began growing in mid, following enactment of the financial stabilization bill (TARP) and the American Recovery and Reinvestment Act. Economic growth averaged percent per from mid through This paper examines the relationship between export expansion and economic growth in a sample of seventy-three developing countries, using data for the period – It shows that in both groups of low- and middle-income countries, export expansion is associated with better economic performance and that an important cause of this Cited by: On exports and economic growth (English) Abstract.
This paper analyzes the sources of growth in the period for a group of semi-industrialized less developed countries. An analytical framework is developed, incorporating the possibility that marginal factor productivities are not equal in the Cited by: fastest-growing economies, with real annual gross domestic product (GDP) growth averaging % througha pace described by the World Bank as “the fastest sustained expansion by a major economy in history.” Such growth has enabled China, on average, to double its GDP every.
economic development can be described in terms of objectives. These are most commonly described as the creation of jobs and wealth, and the improvement of quality of life.
Economic development can also be described as a process that influences growth and restructuring of an economy to enhance the economic well being of a community.
“The Chinese government’s military-civil fusion policy aims to spur innovation and economic growth through an array of policies and other.
Economic freedom, however, is not a single system. In many respects, it is the absence of a single dominating system. Over the past 25 years, the Index has demonstrated that economic freedom is. Kavoussi () showed that effects of export on the economic growth caused through primary exports in low-income countries and also through export factory in middle-income countries.
(6) V. GLOBAL REGIONAL STRUCTURE OF THE INTERNATIONAL TRADE: VI. INTERNATIONAL TRADE AND ECONOMIC GROWTH. A robust empirical determinant of long-term economic growth in many developing countries has been the expansion and diversification of the export sector.
The latter, in turn, has been influenced by capital accumulation and economic growth. The growth model developed here explores this interdependence in the context of the “new growth theory . The relationship of causality from exports to economic growth is called export-led growth.
It could be interpreted as unidirectional causality from exports to economic growth but not vice versa. The export-led growth hypothesis (ELGH) assumes that export advancement is one of the key indicators of growth.
“Economic growth has thus become the crucial juncture where almost all modern religions, ideologies and movements meet. The Soviet Union, with its megalomaniac Five Year Plans, was as obsessed with growth as the most cut-throat American robber baron. This contributes greatly to stimulating South Korea’s economy.
Exports of cultural content and consumer goods have increased by at least 2% more than the country’s total export growth. According to the export led growth hypothesis, exports being the major source of economic growth have many theoretical justifications.
First, in Keynesian theory more exports generate more income growth through foreign exchange multiplier 1. The Phases of Economic Growth. Analysts watch economic growth to discover what stage of the business cycle the economy is in.
The best phase is expansion. This is when the economy is growing in a sustainable fashion. If growth is too far beyond a healthy growth rate, it overheats. That creates an asset bubble. This is what happened to the. In the United States the unofficial beginning and ending dates of national economic expansions have been defined by an American private nonprofit research organization known as the National Bureau of Economic Research (NBER).
The NBER defines an expansion as a period when economic activity rises substantially, spreads across the economy, and typically lasts for several years. Among economists there has generally been a lack of agreement as to the specific relation between exports and economic growth.
The hypothesis presented here is that there is a causal relationship between the two, that this relationship is one of interdependence rather than of unilateral causation, but that it is mainly a rise in exports that stimulates an increase in aggregate economic growth.
Abstract. This paper empirically examines the role of export expansion in the economic growth of countries at different levels of development. Results from a switching regression model with data-determined group selection indicate that exports contribute to growth through both a sector-externality effect and a factor-productivity effect for low-income countries.
An export-led growth strategy is one where a country seeks economic development by opening itself up to international trade. The opposite of an export-led growth. The book also examines whether trade policy has indeed promoted exports in the vast number of countries which increasingly look to trade agreements to gain a competitive edge, and to what extent export-driven growth has been an important force in advancing economic .In the World Economic Outlook (WEO) forecast report, the IMF said that India's economy is expected to contract on the back of a longer lockdown and a slower recovery than anticipated in ingly, the country's economy will contract in FY21 from an expansion of per cent in FYA policy that encourages economic growth through export expansion is called _____.
export promotion. Export promotion has been successfully applied by which of the countries listed below? Taiwan. Which of the following best explains why Japan's economic growth has slowed?