Export promotion, learning by doing and growth
AbstractThis paper explores the quantitative link between export-promoting commercial policies and economic growth. We build and calibrate a dynamic general equilibrium model of a small developing economy. The economy's equilibrium is suboptimal due to monopolistic competition in the manufacturing sector and a human capital accumulation externality. Second-best commercial policy that promotes exports in the sector with the externality can lead to an increase in both welfare and growth rates. We show that export-promoting policies can lead to substantial quantitative increases in steady-state growth for a wide range of parameter values. Nous examinons dans ce texte le lien quantitatif entre les politiques commerciales qui encouragent les exportations d'une part et, d'autre part, la croissance Ã©conomique. Nous dÃ©veloppons et Ã©talonnons un modÃ¨le dynamique d'Ã©quilibre gÃ©nÃ©ral d'un petite Ã©conomie en voie de dÃ©veloppement. L'Ã©quilibre de l'Ã©conomie est sous-optimal Ã cause de la concurrence monopolistique dans le secteur manufacturier et Ã cause d'une externalitÃ© au niveau de l'accumulation du capital humain. Des politiques commerciales de second rang qui encouragent les exportations dans le secteur oÃ¹ il y a l'externalitÃ© peuvent simultanÃ©ment amÃ©liorer le bien-Ãªtre et faire augmenter le taux de croissance. Nous montrons que de telles politiques peuvent avoir des effets importants sur la croissance pour une gamme de valeurs de paramÃ¨tres assez large.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Dynamics and Control.
Volume (Year): 23 (1999)
Issue (Month): 5-6 (April)
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Web page: http://www.elsevier.com/locate/jedc
Other versions of this item:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
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