Can Asia Sustain an Export-Led Growth Strategy in the Aftermath of the Global Crisis? An Empirical Exploration

Arslan Razmi and Gonzalo Hernandez
Additional contact information
Arslan Razmi: Asian Development Bank Institute
Gonzalo Hernandez: Asian Development Bank Institute

No 329, ADBI Working Papers from Asian Development Bank Institute

Abstract: Many developing countries have attempted to pursue the East Asian growth model in recent decades. This model is widely perceived to have been based on export-led growth. Given that developed countries are likely to grow at a slower rate and be less willing to run trade deficits in the post-financial-crisis world can this growth model be sustained? Using panel data for Asian countries, this paper contributes to addressing this question by distinguishing between different kinds of export- and tradable-led growth in order to more precisely identify the nature of growth in the pre-crisis decades.

Keywords: export-led growth; tradable-led growth; global imbalances; industrialization; capital accumulation (search for similar items in EconPapers)
JEL-codes: F43 O11 O53 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2011-12-05
New Economics Papers: this item is included in nep-fdg, nep-int, nep-opm and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Can Asia Sustain an Export-Led Growth Strategy in the Aftermath of the Global Crisis? An Empirical Exploration (2011)
Working Paper: Can Asia Sustain an Export-Led Growth Strategy in the Aftermath of the Global Crisis? An Empirical Exploration (2011)
Working Paper: Can Asia Sustain an Export-Led Growth Strategy in the Aftermath of the Global Crisis? An Empirical Exploration (2011)
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