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Export-led Growth

In: Balance-of-Payments Theory and the United Kingdom Experience

Author

Listed:
  • A. P. Thirlwall

    (University of Kent)

  • Heather D. Gibson

    (University of Kent)

Abstract

In the last chapter the importance of raising the rate of growth of exports was emphasised for the maintenance of balance-of-payments equilibrium at a permanently higher growth rate. If a continuous improvement in relative price competitiveness is ruled out as being unattainable, the major determinant of the growth of exports is the income elasticity of demand for exports, for any given growth of world income.

Suggested Citation

  • A. P. Thirlwall & Heather D. Gibson, 1992. "Export-led Growth," Palgrave Macmillan Books, in: Balance-of-Payments Theory and the United Kingdom Experience, edition 0, chapter 13, pages 337-350, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-21806-6_13
    DOI: 10.1007/978-1-349-21806-6_13
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    Cited by:

    1. Rolando H. Castañeda, 2003. "The Cuban External Sector in 1989-2002: Some Observations on Achievements, Failures and Challenges," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 13.
    2. Jesus Felipe & J. S. L. McCombie & Kaukab Naqvi, 2010. "Is Pakistan's Growth Rate Balance-of-Payments Constrained? Policies and Implications for Development and Growth," Oxford Development Studies, Taylor & Francis Journals, vol. 38(4), pages 477-496.
    3. Miguel A. LeÛn-Ledesma, 2002. "Accumulation, innovation and catching-up: an extended cumulative growth model," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(2), pages 201-216, March.
    4. Miguel A. León-Ledesma, 2002. "Cumulative Growth and the Catching-Up Debate From a Disequilibrium Standpoint," Palgrave Macmillan Books, in: John McCombie & Maurizio Pugno & Bruno Soro (ed.), Productivity Growth and Economic Performance, chapter 8, pages 197-218, Palgrave Macmillan.
    5. Robert A. Blecker, 2009. "Long-Run Growth in Open Economies: Export-Led Cumulative Causation or a Balance-of-Payments Constraint?," Working Papers 2009-23, American University, Department of Economics.
    6. Moritz Cruz, 2008. "Can Free Trade Guarantee Gains from Trade?," WIDER Working Paper Series RP2008-97, World Institute for Development Economic Research (UNU-WIDER).

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