| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP400 |
| DP400 Productivity and Externalities: Models of Export-Led Growth | |
| Jaime de Melo; Sherman Robinson | |
| 发表日期 | 1990-04-01 |
| 出版年 | 1990 |
| 语种 | 英语 |
| 摘要 | In developing countries, successful export-led growth (ELG) strategies have been associated with rapid structural change and productivity growth. There are major difficulties in explaining this phenomenon using a standard neo-classical growth model. To develop a more satisfactory framework, we start from empirical and theoretical models incorporating externalities. We develop a simple analytical model with an export externality that captures the large increase in both total factor productivity and trade share associated with export-led growth. We develop a second model that decomposes growth into various components: (1) factor accumulation; (2) a factor reallocation effect, from moving factors from low to high productivity sectors; (3) an export externality effect, arising from exporting light and heavy manufactures; and (4) an import externality effect arising from importing capital goods (heavy manufactures). This second model is implemented with data for a representative semi-industrial country. In addition to accounting for a higher total factor productivity (TFP) growth observed in countries pursuing ELG strategies, the model captures the pattern of structural change experienced by such countries better than simpler neo-classical models without disequilibrium features or externalities. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Disequilibrium growth Export-led growth Externalities Productivity Structural change |
| URL | https://cepr.org/publications/dp400 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529559 |
| 推荐引用方式 GB/T 7714 | Jaime de Melo,Sherman Robinson. DP400 Productivity and Externalities: Models of Export-Led Growth. 1990. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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