Sustainable Economic Growth for ASEAN Developing Countries: The Role of Export Diversification

Croissance économique durable pour les pays en développement de l’ASEAN: le rôle de la diversification des exportations

Elodie Mania and Minh Hong Phi ()
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Elodie Mania: LASTA - Laboratoire d'Analyse des Sociétés, Transformations et Adaptations - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université
Minh Hong Phi: Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School

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Abstract: A country must raise its growth rate in line with the equilibrium of its balance of payments in order to grow faster without worsening the balance of payments. When many developing countries are suggested to diversify exports, this strategy must be considered more cautiously. Good diversification/concentration should level up the threshold for sustainable economic growth rate. Applying the theory and methodology of Mania and Rieber (2019) for developing countries in ASEAN, we show the heterogeneous effects of export diversification/concentration on increasing the threshold of sustainable economic growth across countries. Therefore, each developing country in the bloc needs to have an appropriate diversification or concentration trategy to relax the economic growth constraint and, hence, grows sustainably.

Keywords: ASEAN; sustainable economic growth; export diversification; developing countries; Developing countries; Export diversification; Thirlwall law; Sustainable economic growth; Croissance économique durable; Pays émergents; Diversification des exportations; Loi de Thirlwall; pays émergents; diversification des exportations; loi de Thirlwall (search for similar items in EconPapers)
Date: 2024
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Published in Revue interdisciplinaire droit et organisations, 2024, 8, pp.55-73. ⟨10.34699/rido.2024.42⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05542774

DOI: 10.34699/rido.2024.42

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