Growth through exports: should governments intervene?

Verhoogen, Eric (2014) Growth through exports: should governments intervene? International Growth Centre Blog (14 Feb 2014). Website.

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Abstract

“A thriving export sector is, as the Commission on Growth and Development states, “a critical ingredient of high growth, especially in the early stages.” [1] There is microeconomic evidence to support this claim: recent research suggests that increases in exports lead firms to produce higher-quality products, pay higher wages, and adopt more advanced technologies.[2] There is also evidence that the sophistication of a country’s exports, where the sophistication of a product is measured by the average income of countries that produce the product, is positively correlated with countries’ future growth rates.[3] It appears that growth is closely associated with moving up the quality ladder within industries, and exporting more technology-intensive and capital-intensive, higher-value-added products.

Item Type:	Online resource (Website)
Official URL:	http://www.theigc.org/
Additional Information:	© 2014 The Author(s)
Divisions:	International Growth Centre
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HF Commerce J Political Science > JC Political theory J Political Science > JF Political institutions (General)
Date Deposited:	22 Jun 2017 10:10
Last Modified:	11 Dec 2024 14:12
URI:	http://eprints.lse.ac.uk/id/eprint/82012

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