In the past three years, global food prices have been on a roller coaster, rising…
Pursuing Manufacturing-Based Export-Led Growth: Are developing countries increasingly crowding each other out? Arslan Razmi
This study empirically investigates the presence of ”crowding out” effects emerging from intra-developing country competition in export markets for manufactured goods. Export equations are estimated for a panel consisting of twenty two major developing country exporters of manufactures, after constructing trade-weighted price and quantity indices based on their exports to thirteen major high-income countries. The results, which are robust to various price and expenditure measures, suggest the presence of significant demand-side constraints on export growth, and that rapid Chinese export growth has had a noticeable impact in this regard. The estimated effects vary across time periods, SITC categories, and export destinations.
export_led_growth (Download the full text in PDF format)