Export or Domestic-Led Growth in Asia?

Jesus Felipe () and Joseph Lim
Additional contact information
Joseph Lim: Ateneo de Manila University

No 69, ADB Economics Working Paper Series from Asian Development Bank

Abstract: In recent years, some developing Asian countries claim to have started shifting emphasis from export-led to domestic demand–led growth policies with a view to achieving a more balanced growth strategy. This paper evaluates empirically how far this shift has gone. The evaluation—based on an analysis of five countries (the People’s Republic of China, India, the Republic of Korea, the Philippines, and Thailand)—finds no evidence that the period 1993–2003 has been marked by such a shift at the expense of a decline in net exports. It also finds that periods of expansionary domestic demand and deteriorating net exports signaled an ensuing crisis. This should serve as an early warning system.

Keywords: balanced growth strategy; developing countries; domestic demand; economic growth; net exports (search for similar items in EconPapers)
JEL-codes: F41 O11 O53 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2005-05-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.adb.org/publications/export-or-domestic-led-growth-asia Full text (text/html)

Related works:
Journal Article: Export or Domestic-led Growth in Asia? (2005)
Journal Article: Export or Domestic-led Growth in Asia? (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0069

Access Statistics for this paper

More papers in ADB Economics Working Paper Series from Asian Development Bank 6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines. Contact information at EDIRC.
Bibliographic data for series maintained by Orlee Velarde ().