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How export-led growth can lead to take-off

Author

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  • Maximilian Benner

    () (Lueneburg)

Abstract

Export-led growth has gained considerable prominence as a model for economic development since its use by East Asian newly industrializing countries. Thus, the question of how it can be used by other countries wishing to industrialize and under what circumstances it can lead to the take-off of an economy is highly relevant for development policy. In light of current macroeconomic imbalances on the global stage, the question of sustainability arises: Is take-off by export-led growth possible without permanent balance-of-trade surpluses? The article gives a brief overview and offers thoughts into various ways in which the impetus of exportled growth for the overall economy might work.

Suggested Citation

  • Maximilian Benner, 2011. "How export-led growth can lead to take-off," Working Paper Series in Economics 222, University of Lüneburg, Institute of Economics.
  • Handle: RePEc:lue:wpaper:222
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    References listed on IDEAS

    as
    1. Soete, Luc & Verspagen, Bart & ter Weel, Bas, 2010. "Systems of Innovation," Handbook of the Economics of Innovation, Elsevier.
    2. Tri Widodo, 2008. "Dynamic changes in comparative advantage: Japan “flying geese” model and its implications for China," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing, vol. 1(3), pages 200-213, October.
    3. Krugman, Paul R, 1996. "Making Sense of the Competitiveness Debate," Oxford Review of Economic Policy, Oxford University Press, vol. 12(3), pages 17-25, Autumn.
    4. Krugman, Paul R, 1981. "Intraindustry Specialization and the Gains from Trade," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 959-973, October.
    5. Krugman, Paul R., 1979. "Increasing returns, monopolistic competition, and international trade," Journal of International Economics, Elsevier, vol. 9(4), pages 469-479, November.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    development; export-led growth; export base; industrialization; industrial policy; take-off; comparative advantage; new trade theory;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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