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Extending the Learning-By-Exporting Hypothesis: Introducing a Credit Constraint

Listed author(s):
  • Kazuhiko Yokota

    ()

  • Akinori Tomohara

    ()

Registered author(s):

    This paper develops a theoretical framework which can be used to examine policy implications from the learning-by-exporting hypothesis. This work builds on previous theoretical literature by introducing a credit constraint. When credit is available, the analysis suggests that supporting a learning sector via an export subsidy is not necessarily advised to improve social welfare. The learning sector’s goods may be over-produced (relative to another non-tradable sector goods) when consumers can borrow freely for their consumption. If the learning sector’s goods are over-produced, social welfare will be improved via a tax on production. Copyright International Atlantic Economic Society 2009

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    File URL: http://hdl.handle.net/10.1007/s11294-009-9202-2
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    Article provided by Springer & International Atlantic Economic Society in its journal International Advances in Economic Research.

    Volume (Year): 15 (2009)
    Issue (Month): 2 (May)
    Pages: 169-177

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    Handle: RePEc:kap:iaecre:v:15:y:2009:i:2:p:169-177:10.1007/s11294-009-9202-2
    DOI: 10.1007/s11294-009-9202-2
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