Arbeitspapier
Developing Country Exports of Manufactures: Moving Up the Ladder to Escape the Fallacy of Composition?
The possible existence of a "fallacy of composition" in the simultaneous pursuit of export-led growth by developing countries has received relatively little attention in economic literature. This lack of attention becomes even more apparent in the domain of empirical studies of manufactured exports. This essay seeks to fill this gap. It develops a data set consisting of 10 industrial and 18 developing countries. Carefully designed relative price indices are constructed to capture price and quantity determinants of industrialized country demand for developing country exports. Export equations are then estimated for individual countries. The estimated coe±cients suggest that most developing countries that report significant price effects compete with other developing country exporters, and not with manufacturers in the industrial countries. The panel estimates provide further support in addition to indicating that differences in the nature of competition among developing countries and between developing and industrial countries underline the need to take into account these nuances of international competition. The overall results suggest major policy concerns for developing countries as they simultaneously attempt to export their way to growth through price- and wage-based competition. JEL Categories: F02, F14, F19
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2005-02
- Klassifikation
-
Wirtschaft
- Thema
-
Fallacy of composition
export-led growth
adding-up constraints
external demand
manufactured exports
intra-developing country competition
Bewley transformation
wage suppression
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Razmi, Arslan
Blecker, Robert
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Massachusetts, Department of Economics
- (wo)
-
Amherst, MA
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Razmi, Arslan
- Blecker, Robert
- University of Massachusetts, Department of Economics
Entstanden
- 2005
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