EconStor >
University of Massachusetts (UMass Amherst) >
Department of Economics, University of Massachusetts >
Working Papers, Department of Economics, University of Massachusetts >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/64175
  
Title:Can Asia sustain an export-led growth strategy in the aftermath of the global crisis? An empirical exploration PDF Logo
Authors:Hernandez, Gonzalo
Razmi, Arslan
Issue Date:2011
Series/Report no.:Working Paper, University of Massachusetts, Department of Economics 2011-29
Abstract:Many developing countries have attempted to pursue the East Asian growth model in recent decades. This model is widely perceived to have been based on export-led growth. Given that developed countries are likely to grow at a slower rate and be less willing to run trade deficits in the post financial crisis world, can this growth model be sustained? Using panel data for Asian countries, this paper contributes to addressing this question by distinguishing between different kinds of export- and tradable- led growth in order to more precisely identify the nature of growth in the pre-crisis decades. We find in particular that, among our variables of interest, the proportion of a country's manufactured exports that is destined for industrialized countries is the one most robustly associated with output growth. The results have implications for continued post-crisis growth in Asian developing countries.
Subjects:export-led growth
tradable-led growth
global imbalances
industrialization
capital accumulation
JEL:F43
O11
O53
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, University of Massachusetts

Files in This Item:
File Description SizeFormat
672051087.pdf386.32 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/64175

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.