Exports of Manufactures and Economic Growth : The Fallacy of Composition Revisited

The author's 1982 article on the fallacy of composition questioned the feasibility of generalizing the "G4" (Hong Kong (China), the Republic of Korea, Singapore, and Taiwan (China)) growth model based on rapid growth of exports, on g...

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Bibliographic Details
Main Author:	Cline, William R.
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ABSOLUTE VALUE ACCOUNTING ADJUSTMENT COSTS AGRICULTURE ANNUAL GROWTH ASSET PRICE BASE YEAR BENCHMARK BENCHMARKS BENEFITS OF TRADE CAPITAL FLOWS CAPITAL GOODS CAPITAL INFLOWS COMMODITY CONSTANT DOLLARS CONSUMER PRICE INDEX COUNTRY MARKETS CURRENCY APPRECIATIONS CURRENCY MARKETS CURRENCY REALIGNMENT CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT IMBALANCE CURRENT ACCOUNT POSITIONS DEBT CRISIS DEMAND GROWTH DEPRECIATION DEVALUATIONS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT STRATEGY DOLLAR VALUES DOMESTIC CONSUMPTION DOMESTIC DEMAND DOMESTIC MARKETS DOMESTIC PRODUCTION ECONOMIC GROWTH ECONOMIC POLICIES ECONOMIES OF SCALE ELASTICITY OF EXPORT EMERGING MARKET EMERGING MARKET ECONOMIES EQUILIBRIUM EQUIPMENT EXCHANGE MARKETS EXCHANGE RATE INTERVENTION EXCHANGE RATE NEEDS EXPANSION OF EXPORTS EXPORT DEMAND EXPORT EARNINGS EXPORT GROWTH EXPORT GROWTH RATE EXPORT GROWTH RATES EXPORT STRUCTURE EXPORT VOLUMES EXPORTERS EXTERNAL DEBT EXTERNAL DEFICIT EXTERNAL DEMAND EXTERNAL POSITION FEDERAL RESERVE FINANCIAL CAPITAL FINANCIAL CRISIS FISCAL POLICIES FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RATES FOREIGN RESERVES GDP GDP PER CAPITA GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODEL GLOBAL CAPITAL GLOBAL CAPITAL FLOWS GLOBAL MARKETS GROSS NATIONAL INCOME GROWTH MODELS GROWTH RATE GROWTH RATES IMBALANCE IMBALANCES IMPORT IMPORT GROWTH IMPORT-SUBSTITUTING INDUSTRIALIZATION IMPORTS INCOME ELASTICITY INDUSTRIAL COUNTRIES INDUSTRIAL COUNTRY INFLATION INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL ECONOMICS INTERNATIONAL ECONOMIES INTERNATIONAL ECONOMY INTERNATIONAL INVESTMENT INTERNATIONAL INVESTORS INTERNATIONAL MARKET INTERNATIONAL STANDARD LEVELS OF IMPORT LOSS OF CONFIDENCE MACROECONOMIC ANALYSIS MARKET EXCHANGE RATES MARKET FORCES MARKET PENETRATION MARKET PRICE MARKET PRICES MARKET SHARE MERCANTILISM MONETARY FUND MULTILATERAL TRADE MULTILATERAL TRADE NEGOTIATIONS NATURAL RESOURCES NET EXPORTS NEWLY INDUSTRIALIZED COUNTRIES OIL EXPORTER OIL IMPORTER OIL PRICES OIL RESOURCES OUTPUT PENSION PER CAPITA INCOME POVERTY REDUCTION PRICE INDEX PRICE OF EXPORTS PROTECTIONIST PURCHASING POWER PURCHASING POWER PARITY RAPID EXPANSION RAPID EXPORT GROWTH RAPID GROWTH REAL APPRECIATION REAL APPRECIATIONS REAL EFFECTIVE EXCHANGE RATES REAL EXCHANGE RATE REAL EXPORTS REAL GDP REAL GROWTH RATE REAL GROWTH RATES REAL IMPORT RECESSION RELATIVE PRICES RETURN SOURCING SURPLUS LABOR TERMS OF TRADE TERMS OF TRADE EFFECT TOTAL EXPORTS TRADE BALANCE TRADE DEFICIT TRADE GROWTH TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE POLICY TRADE STRATEGY TRADE STRUCTURE TRADE SURPLUS TRADE SURPLUSES TRADING TRADING PARTNER TRADING PARTNERS UPWARD PRESSURE URUGUAY ROUND VALUATION VALUATION CHANGES VALUE ADDED WARRANTS WORLD MARKETS WTO
Online Access:	http://documents.worldbank.org/curated/en/366231468146085416/Exports-of-manufactures-and-economic-growth-the-fallacy-of-composition-revisited http://hdl.handle.net/10986/28031