Export-led Growth

Anthony Thirlwall and Heather Gibson

Chapter 13 in Balance-of-Payments Theory and the United Kingdom Experience, 1992, pp 337-350 from Palgrave Macmillan

Abstract: Abstract In the last chapter the importance of raising the rate of growth of exports was emphasised for the maintenance of balance-of-payments equilibrium at a permanently higher growth rate. If a continuous improvement in relative price competitiveness is ruled out as being unattainable, the major determinant of the growth of exports is the income elasticity of demand for exports, for any given growth of world income.

Keywords: Productivity Growth; Full Employment; Capacity Rate; Export Performance; Export Growth (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-21806-6_13

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