Cargando…
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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
©2008.
|
| Colección: | IMF working paper ;
WP/08/220. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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." |
|---|---|
| Notas: | At head of title: Finance Department. "September 2008." |
| Descripción Física: | 1 online resource (42 pages) |
| Bibliografía: | Includes bibliographical references (pages 22-25). |
| ISBN: | 1451915314 9781451915310 9781451992328 1451992327 9781451870787 1451870787 1462339646 9781462339648 9786612841712 6612841710 1282841718 9781282841710 |