Export-led Policies Research Articles

Export-Led Policy, Agricultural, Industrial, and Financial Sectors Growth in Cameroon

Export-Led Policy, Agricultural, Industrial, and Financial Sectors Growth in Cameroon

Monetary Policy and Economic Growth of SAARC Countries

The debate on economic policies continues in both the local and global economies. All of the academics are interested in monetary and fiscal policy and how it affects the economy. The study attempts to explore whether there is any evidence that the SAARC countries' economic growth can be influenced by monetary policy. The study applies the Pedroni cointegration approach for panel autoregressive distributed lag (ARDL) with the Pooled Mean Group (PMG) to study the relationship between monetary policy and economic growth of six SAARC nations over the period from 1983 to 2020. The recent study addresses the empirical gap within the context of the southeastern regions of the globe. Overall stylized facts show that monetary policy is causally linked and successful in the long run to accelerate economic growth. Money supply, one of the most crucial variables under study, contradicts the monetarist claim that monetary policy is too effective in the short term. The study also notes that currency devaluation is a serious concern for both short- and long-term growth while inflation is only a short-term one. In the SAARC countries, domestic credit to the private sector is better for short-term economic growth even though it has no long-term benefits. Thus, monetary authorities and the government of the SAARC nations should maintain an adequate level of money supply, adopt an export-led policy to appreciate currency, promote short-run domestic credit to the private sector, and stabilize the short-term price level to accelerate economic growth and development.

금융시장 예측을 위한 시계열자료의 변환기법 융합을 이용한 패턴 모델 결정

수출주도정책, FTA 체결 및 규제개선 등과 같은 다양한 시장지향적인 정책을 통해 경제시장의 규모가 지속적으로 커졌다. 이에 따라 올바른 의사결정을 위하여 경제시장을 정확하게 분석, 예측하는 문제가 중요한 이슈가 되었다. 경제시장을 표현하는 여러 지표 중 가장 대표적인 주식지표의 정확한 분석 및 의사결정을 위하여 시계열자료의 모델링에 적합한 은닉마아코프모델을 토대로 자료 내에 내재된 예외적인 특징과 잡음을 제거하기 위한 변환기법의 융합모델을 제안하여 모델 추정과 예측 문제에 적용하였으며 그 유효성을 확인하였다. 실험 결과를 통해, 본 연구에서 제안하는 변환조합을 적용하는 모델추정 기법이 유효한 모델 상태 추정 결과를 보여주었으며 실제 코스피지수와 예측의 문제에서도 매우 유사한 운동양태를 확인할 수 있었다. Export-led policies, FTA signed and economics of scale through a variety of market-oriented policies, such as regulations to improve market grew constantly. Accordingly, the correct decision making accurately analyze the economics market for decision, a problem has been an important issue in predicting. For accurate analysis and decision-making of the most common indicators of the stock market by proposing a number of indicators of economic transformation techniques were applied to the convergence model combining estimation and forecasts problem confirmed its effectiveness. Experimental result, gave the model estimation method to apply a transform to show the valid combinations proposed model state estimation result was confirmed in a very similar exercise aspect of the physical problem and the KOSPI index prediction.

Export-led Development and Capability Upgrading through Internationalization & Multinationalization

In this paper I analyze how the home country’s export-led policy affects domestic firms’ capability upgrading in emerging countries. I propose a process model of capability upgrading via internatio...

Rethinking the East Asian miracle

Initially, the intention of this book's work, was to take a fresh look at Asia's regional experience during the 1990s, and to expand, and revise as necessary the findings of the World Bank's East Asian Miracle, (published in 1993). However, while work began in 1997 - when the Asian crisis was only a small, localized cloud over Thailand - the seriousness of the crisis demonstrated the need to bring together a number of different perspectives on key aspects of the Asian model, and its several country variants. The book assesses the evolving experience with industrial policies, in the forms implemented by individual countries in the region, examines in depth how the Chinese experience meshes with those of other economies in the region - a dimension absent in the East Asian Miracle - and, the rich evidence from the 1990s, casts new light on the relative contribution of export-led policies, and of import liberalization to growth, while helping to clarify key issues that influence the choices of exchange rate policies. Taking into account the realization that understanding the Asian development requires admittance of the political economy of change, of governance, and of the roles of key institutions, the contributors to this book, considered each of these carefully, and offer an economic kaleidoscope on Asia that is deep, and analytically rigorous.

North-South Trade and Basic Needs

This paper examines the role of the international market in mediating North-South relations and analyzes how the market works in distributing the gains from trade. It is argued that the international market does not always provide an adequate engine of growth for the South if that region specializes in labor-intensive products. The South's export sector must be carefully balanced with other domestic sectors to avoid harming the economy as a whole. Any excessive expansion of labor-intensive exports or raw materials, even if accompanied by an expansion in international demand, may affect domestic markets and the distribution of income in the South in ways that conflict with sustainable development, especially when this is measured in terms of the satisfaction of basic needs for the majority of the population. The conditions under which this may occur are quite general. They are consistent with perfect market behavior but require that important features of the North-South relationship, including differential characteristics of technologies and factor markets in the two regions, be introduced into the analysis. The paper suggests alternatives to export-led policies, which balance domestic and international sectors of the South's economy and are conducive to sustained development and the satisfaction of basic needs. An appendix also includes a computer program for simulating the model and sample computer runs that reproduce, in practical terms, the model trade policies discussed in the paper.

A comment on ‘North-South trade and export-led policies’

A comment on ‘North-South trade and export-led policies’

The Role of Export Cropping in Less Developed Countries: Discussion

The paper by Hillman is a quite well-balanced representation of the issues with respect to the role of agricultural exports in development. It is a concise restatement of existing problems containing little policy advice for the future. It may be a useful survey piece to the nonspecialist, but there is little new for development or trade economists. In this respect the title is misleading. I kept waiting for the paper to focus on export cropping. Of course, it really does not. A more appropriate title would be Export Orientation versus Selfsufficiency in the Agriculture of Developing Countries: A Survey of Issues. The paper is more notable for what it does not say than for what it says. Accordingly, most of my comments will focus on these aspects. The main criticism of the paper is that it is a survey of what has happened and of past issues. It is long on diagnosis and short on prescription. Critical issues in agricultural development and questions that confront economists are: what is the correct valuation of agricultural output, and what advice can we provide developing countries? These are difficult questions to answer. Hillman seems to favor agricultural export-led policies. But the preconditions for this to be effective, as he states, are that growth in industrialized countries must continue at a rapid pace through the 1980s and that market access must be increased. Neither of these preconditions are projected to obtain in the 1980s. Economic growth in industrialized countries throughout the 1980s is projected to fall below the sluggish levels of the 1970s (see World Bank), and many observers in their most optimistic moments see at best a constant level of protection for agriculture during the 1980s. Thus, the question arises as to how agricultural exportoriented policies possibly could help developing countries. One possible alternative for developing countries is to look toward increased inter-de-