LEADER 05620oam 22011654 450 001 9910827082703321 005 20240402044619.0 010 $a1-4623-3964-6 010 $a9786612841712 010 $a1-282-84171-8 010 $a1-4518-7078-7 010 $a1-4519-9232-7 035 $a(CKB)3170000000055094 035 $a(SSID)ssj0000943971 035 $a(PQKBManifestationID)11597304 035 $a(PQKBTitleCode)TC0000943971 035 $a(PQKBWorkID)10995268 035 $a(PQKB)11166769 035 $a(OCoLC)761997534 035 $a(MiAaPQ)EBC1605847 035 $a(IMF)WPIEE2008220 035 $a(EXLCZ)993170000000055094 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 13$aAn Analysis of So-Called Export-led Growth /$fJie Yang 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (44 pages) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/220 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-4519-1531-4 320 $aIncludes bibliographical references. 327 $aIntro -- Contents -- I. Introduction -- II. Stylized Fact: High Economic and High Export Growth -- III. The Model -- A. The Comparative Static Version -- B. The Dynamic Version -- C. Changing Assumptions on Elasticity -- IV. Empirical Evidence -- A. Real Exchange Rate Movement in High Growth Periods -- B. Labor Productivity -- C. Empirical Evidence: "Export Driving Growth" vs. "Growth Driving Exports" -- V. Conclusion -- Reference -- Figures -- 1: Model Results of a Technological Advance in the Exportable Sector -- 2: Model Results of a Technological Advance in the Nontradable Sector -- 3: An Exogenous Positive Supply Shock in the Exportable Sector -- 4: An Exogenous Positive Supply Shock in the Nontradable Sector -- Tables -- 1: GDP Growth and Export Growth in High Growth Episodes -- 2: Summary: GDP and Export Growth in High Growth Episodes -- 3: Real Exchange Rate Movement in High Growth Episodes -- 4: Changes in the Equilibrium Home Goods price and in Wages -- 5: Changes in the Equilibrium Home Goods Price and in Wages -- 6: Summary of Model Results -- 7: Industrial Classification of Tradable and Nontradable Sector -- 8: Productivity Growth in Tradable Sector relative to Nontradable Sector and Real Exchange Rate Movement in High Growth Episodes -- 9: "Exports Driving growth" vs. "Growth Driving Exports. 330 3 $aThe stylized fact that strong economic growth is usually accompanied with strong export growth leads many people to conclude that the export sector is the main driving force behind those episodes. The model in this paper, however, shows that the non-tradable sector may also generate high economic growth together with high export growth. Evidence shows that out of 71 "so-called" export-led growth episodes, only 37 of them are consistent with the "exports driving growth" hypothesis. Most of the remaining episodes (24 cases) experienced significant real exchange rate depreciation and are more likely to be characterized by "growth driving exports". 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/220 606 $aExports$xEconometric models 606 $aForeign exchange rates$xEconometric models 606 $aElasticity (Economics)$xEconometric models 606 $aExports and Imports$2imf 606 $aForeign Exchange$2imf 606 $aEconomic Theory$2imf 606 $aProduction and Operations Management$2imf 606 $aTrade: General$2imf 606 $aAgriculture: Aggregate Supply and Demand Analysis$2imf 606 $aPrices$2imf 606 $aHuman Capital$2imf 606 $aSkills$2imf 606 $aOccupational Choice$2imf 606 $aLabor Productivity$2imf 606 $aInternational economics$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aEconomic theory & philosophy$2imf 606 $aMacroeconomics$2imf 606 $aExport performance$2imf 606 $aReal exchange rates$2imf 606 $aExports$2imf 606 $aDemand elasticity$2imf 606 $aLabor productivity$2imf 606 $aElasticity$2imf 606 $aEconomics$2imf 607 $aHong Kong Special Administrative Region, People's Republic of China$2imf 615 0$aExports$xEconometric models. 615 0$aForeign exchange rates$xEconometric models. 615 0$aElasticity (Economics)$xEconometric models. 615 7$aExports and Imports 615 7$aForeign Exchange 615 7$aEconomic Theory 615 7$aProduction and Operations Management 615 7$aTrade: General 615 7$aAgriculture: Aggregate Supply and Demand Analysis 615 7$aPrices 615 7$aHuman Capital 615 7$aSkills 615 7$aOccupational Choice 615 7$aLabor Productivity 615 7$aInternational economics 615 7$aCurrency 615 7$aForeign exchange 615 7$aEconomic theory & philosophy 615 7$aMacroeconomics 615 7$aExport performance 615 7$aReal exchange rates 615 7$aExports 615 7$aDemand elasticity 615 7$aLabor productivity 615 7$aElasticity 615 7$aEconomics 676 $a382.6 700 $aYang$b Jie$0859922 801 0$bDcWaIMF 906 $aBOOK 912 $a9910827082703321 996 $aAn Analysis of So-Called Export-led Growth$94006323 997 $aUNINA