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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. Benner, Maximilian, 2011. "Tourismuspolitik in Marokko: ein großer Wurf für wirtschaftliche Entwicklung? [Tourism policy in Morocco: a great effort for economic development?]," MPRA Paper 40747, University Library of Munich, Germany.
    2. Krugman, Paul R., 1979. "Increasing returns, monopolistic competition, and international trade," Journal of International Economics, Elsevier, vol. 9(4), pages 469-479, November.
    3. Soete, Luc & Verspagen, Bart & ter Weel, Bas, 2010. "Systems of Innovation," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 1159-1180, Elsevier.
    4. Krugman, Paul R, 1996. "Making Sense of the Competitiveness Debate," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 12(3), pages 17-25, Autumn.
    5. 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.
    6. Benner, Maximilian, 2010. "Exportinduziertes Wachstum als Chance für die „nächsten Tiger“? [Export-led growth as a chance for the “next tigers”?]," MPRA Paper 40744, University Library of Munich, Germany.
    7. Benner, Maximilian, 2011. "Abu Dhabi und Dubai: Wirtschaftliche Entwicklung wie aus 1001 Nacht? [Abu Dhabi and Dubai: Economic development as in Arabian Nights?]," MPRA Paper 40746, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Benner, Maximilian, 2013. "Developing Economies with Industrial Policy: Towards a Toolbox for Economic Growth. With Case Studies of Jordan and Egypt," MPRA Paper 43857, University Library of Munich, Germany, revised 2013.
    2. Benner, Maximilian, 2013. "Towards a policy to promote tourism clusters," MPRA Paper 43924, University Library of Munich, Germany.
    3. Benner, Maximilian, 2012. "How to Save Greece? A Menu for Rebuilding the Greek Economy through Industrial Policy," MPRA Paper 40748, University Library of Munich, Germany.

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    More about this item

    Keywords

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

    JEL classification:

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

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