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The Dynamics Of The "Mature" Product Cycle And Market Reycling, Flying-Geese Style: An Empirical Examination And Policy Implications

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  • HARVEY CUTLER
  • TERUTOMO OZAWA

Abstract

"The product cycle (PC) model of trade has led to an extensive theoretical literature examining the relations between the innovating Northand the imitating South countries. Closely related is the flying-geese (FG) theory, which emphasizes the transfer of production from a higher developing South country to a lower developing country in search of lower production costs.This article explores empirically the time series pattern of TV exports from 10 Asian economies to the United States and examines policy implications. The observed pattern is consistent with both the PC and FG models in a combined form." Copyright No Claim to Original U.S. Government Works.

Suggested Citation

  • Harvey Cutler & Terutomo Ozawa, 2007. "The Dynamics Of The "Mature" Product Cycle And Market Reycling, Flying-Geese Style: An Empirical Examination And Policy Implications," Contemporary Economic Policy, Western Economic Association International, vol. 25(1), pages 67-78, January.
  • Handle: RePEc:bla:coecpo:v:25:y:2007:i:1:p:67-78
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    References listed on IDEAS

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    1. Gene M. Grossman & Elhanan Helpman, 1991. "Quality Ladders and Product Cycles," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 557-586.
    2. Tsurumi, Hiroki & Tsurumi, Yoshi, 1980. "A Bayesian Test of the Product Life Cycle Hypothesis as Applied to the U.S. Demand for Color-TV Sets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(3), pages 583-597, October.
    3. Gene M. Grossman & Elhanan Helpman, 1991. "Quality Ladders in the Theory of Growth," Review of Economic Studies, Oxford University Press, vol. 58(1), pages 43-61.
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    5. Gagnon, Joseph E & Rose, Andrew K, 1995. "Dynamic Persistence of Industry Trade Balances: How Pervasive Is the Product Cycle?," Oxford Economic Papers, Oxford University Press, vol. 47(2), pages 229-248, April.
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    7. Vernon, Raymond, 1979. "The Product Cycle Hypothesis in a New International Environment," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 41(4), pages 255-267, November.
    8. Amy Jocelyn Glass & Kamal Saggi, 1999. "Foreign Direct Investment and the Nature of R&D," Canadian Journal of Economics, Canadian Economics Association, vol. 32(1), pages 92-117, February.
    9. Grossman, Gene M & Helpman, Elhanan, 1991. "Endogenous Product Cycles," Economic Journal, Royal Economic Society, vol. 101(408), pages 1214-1229, September.
    10. Kojima, Kiyoshi, 2000. "The "flying geese" model of Asian economic development: origin, theoretical extensions, and regional policy implications," Journal of Asian Economics, Elsevier, vol. 11(4), pages 375-401.
    11. Grossman, Gene M & Helpman, Elhanan, 1991. "Endogenous Product Cycles," Economic Journal, Royal Economic Society, vol. 101(408), pages 1214-1229, September.
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    17. Ozawa, Terutomo, 2001. "The "hidden" side of the "flying-geese" catch-up model: Japan's dirigiste institutional setup and a deepening financial morass," Journal of Asian Economics, Elsevier, vol. 12(4), pages 471-491.
    18. Cutler, Harvey & Berri, David J. & Ozawa, Terutomo, 2003. "Market recycling in labor-intensive goods, flying-geese style: an empirical analysis of East Asian exports to the U.S," Journal of Asian Economics, Elsevier, vol. 14(1), pages 35-50, February.
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    Cited by:

    1. Kevin Honglin Zhang, 2010. "How Does Globalization Affect Industrial Competitiveness?," Contemporary Economic Policy, Western Economic Association International, vol. 28(4), pages 502-510, October.

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