The political economy of alternative export-led strategies: Exporting differently?

Arbeitspapier

The paper enters the current debate at the intersection of comparative political economy and international trade on the role of price and non-price competitiveness in influencing export. Through an econometric exploration, we identify price competitiveness as a non-negligible factor in driving export, for a set of OECD countries from 1994 to 2019. The documented price sensitiveness, combined with the institutions and policies adopted to promote export-led growth, casts an unsettling light on the prospects for a recovery, particularly for the Euro area. These worrying conclusions are not, however, unescapable. The emergence of the export-led growth model - with its twin brother, the debt-led one - answered the demand-generating problems created by years of wage share decreases and a steady retreat of the State from its traditional demand management role. Drastically inverting these tendencies would contribute to strongly narrowing the need for export-led strategies.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: FMM Working Paper ; No. 80

Classification and Topics

• Classification: Wirtschaft ; Institutions and the Macroeconomy ; Capitalist Systems: Political Economy ; Comparative Studies of Countries
• Subject: comparative political economy ; export ; export-led growth ; price competitiveness ; non-price competitiveness ; economic crises

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Pariboni, Riccardo ; Paternesi Meloni, Walter
• Event: Veröffentlichung
• (who): Hans-Böckler-Stiftung, Macroeconomic Policy Institute (IMK), Forum for Macroeconomics and Macroeconomic Policies (FMM)
• (where): Düsseldorf
• (when): 2022

Further information

• Handle: http://hdl.handle.net/10419/274246
• Last update: 10.03.2025, 11:43 AM CET