Trade as the Engine of Growth in Developing Countries, Revisited

Riedel, James

doi:10.2307/2232215

Cited by 98 publications

(37 citation statements)

References 5 publications

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“…The world trading system became more liberal relative to expectations in the 1980s following the successful conclusion of the Uruguay Round trade negotiations. The quantitative relationship Lewis believed to have remained the same over a hundred years proved to be wrong as countries that embarked on an exportoriented growth path continued to prosper though global economic integration (Riedel 1984). Contrary to the pessimistic view that developing countries have limited room for export of manufactured goods to developed countries, in substitute for primary products, these countries achieved export success through rapid penetration of manufactured exports in developed country markets.…”

Section: The Debate On South-south Trade: a Historical Perspectivementioning

confidence: 98%

South-South Trade: An Asian Perspective

Athukorala

2011

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The views expressed in this paper are those of the author(s) and do not necessarily reflect the views or policies of the Asian Development Bank. Terms of use: Documents inThe ADB Economics Working Paper Series is a forum for stimulating discussion and eliciting feedback on ongoing and recently completed research and policy studies undertaken by the Asian Development Bank (ADB) staff, consultants, or resource persons. The series deals with key economic and development problems, particularly those facing the Asia and Pacific region; as well as conceptual, analytical, or methodological issues relating to project/program economic analysis, and statistical data and measurement. The series aims to enhance the knowledge on Asia's development and policy challenges; strengthen analytical rigor and quality of ADB's country partnership strategies, and its subregional and country operations; and improve the quality and availability of statistical data and development indicators for monitoring development effectiveness.

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Section: The Debate On South-south Trade: a Historical Perspectivementioning

confidence: 98%

South-South Trade: An Asian Perspective

Athukorala

2011

SSRN Journal

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“…Sizes of price elasticities determine whether real depreciation will be influential on exports or not. Real devaluations boost competitiveness and are more effective on exports if and when export demand is highly responsive to prices (Riedel, 1984;Senhadji and Montenegro, 1999;Marquez and McNeilly, 1988;Reinhart, 1995) and sometimes with a lag (Bahmani-Oskooee and Artatrana, 2004). Rose (1990Rose ( , 1991 and Ostry and Rose (1992) claim that devaluations have no significant impact on trade balance.…”

Section: Related Literaturementioning

confidence: 99%

Unravelling the structure of Turkish exports: Impediments and policy

Günçavdı

Kayam

2017

Journal of Policy Modeling

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In this study we reveal the structure of exports in an emerging economy, Turkey, to shed light on the impediments not only this country but also other developing countries might face in pursuit of increasing exports to tackle their current account problems. We employ panel data econometrics for estimating exports, labour and imports market specifications simultaneously to address endogeneity issues. The data covers 13 manufacturing industry sectors, 25 main export markets over the period 2000-2011. Our findings reveal that unlike conventional assumptions, export supply is not infinitely elastic, and the supply side of the market plays a critical role in reviving export earnings in Turkey.

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“…Riedel (1984) proxies world market conditions using real GDP of more developed countries and Goldstein and Khan (1985) follow a very similar method but look at income in the rest of the world. Bahmani-Oskooee (1986) uses a measure of`world' income which is a weighted (by trade shares) average of real income of a country's trading partners and is, hence, an improvement upon simple aggregate measures of world income.…”

Section: Determinants Of Export Performancementioning

confidence: 99%

Exports, domestic policy and world markets: a panel study

Love

Turner

2001

J of Intl Development

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This paper analyses how export growth rates in sub-Saharan Africa are determined by both domestic and external market conditions. We highlight the problems of measuring trade orientation given the various domestically-determined factors which influence the conditions faced by exporters. Focusing on the impact of trade policy is not a good measure of trade orientation since additional domestic policies can have an important influence on the trade orientation of a country. Hence, we select an index which incorporates the effect of trade and other policies. Then we construct an index which provides a more appropriate measure of conditions faced by exporters in the world market than previously cited measures. We find that, contrary to the recent literature, external market conditions are still critical in explaining export growth rates in sub-Saharan Africa and should be taken into account when engaging in policy decisions. Copyright © 2001 John Wiley & Sons, Ltd.

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Trade as the Engine of Growth in Developing Countries, Revisited

Cited by 98 publications

References 5 publications

South-South Trade: An Asian Perspective

South-South Trade: An Asian Perspective

Unravelling the structure of Turkish exports: Impediments and policy

Exports, domestic policy and world markets: a panel study

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