| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP1290
|
| DP1290 Optimum Electoral Areas |
| André Sapir; Khalid Sekkat
|
| 发表日期 | 1995-11-30
|
| 出版年 | 1995
|
| 语种 | 英语
|
| 摘要 | The export booms in South Korea and Taiwan starting in the early 1960s are anomalous when compared with later export booms in other, non-East Asian countries such as Chile and Turkey. First, these booms have taken place in the context of comparatively small changes in relative prices in favour of exportables. Second, they have been associated from the start with booms in investment. This paper offers an argument and a formal model to suggest that exports in East Asia may have been driven by an increase in the profitability of investment, with outward orientation a consequence of the investment boom rather than its instigator. In economies like South Korea and Taiwan, an increase in investment required an increase in imports of capital goods. Since savings rose alongside the desired investment, the investment boom was accompanied by a boom in both exports and imports. Moreover, this could happen with a relatively small change in the relative price of exportables. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | East asia
investment
Trade policy
|
| URL | https://cepr.org/publications/dp1290
|
| 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/530424
|
推荐引用方式
GB/T 7714 |
André Sapir,Khalid Sekkat. DP1290 Optimum Electoral Areas. 1995.
|
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