Three major and rather different interpretations have been provided in the literature on the meaning of export-led growth
. The earliest contributions, influenced by the economic history of 'temperate-zone lands originally settled by European migrant labor and capital' (Caves, 1966, p.
The purpose of this paper is to challenge the results of the empirical literature in support of the neoclassical theory of export-led growth
and to provide a theoretical and empirical alternative.
In light of the parallel growth in these two variables, it is important to examine the validity of the export-led growth
hypothesis in the case of China.
He said that the government would give priority to promotion of export-led growth
including furniture sector by enhancing exports and reduce dependence on imports, adding that it had identified many sectors that would boost exports from the country.
The defect lies in the strategy which was not focused on sustainable external relations through export-led growth
Lastly, the focus must be on export-led growth
and ensuring availability of raw material and intermediate goods to domestic producers.
He termed Prime Minister's Export-led Growth
Package a positive one but non-allocation of funds for the incentives of this package has shattered all hopes.
The Aptma official also demanded proper allocation of funds against the Prime Minister's export-led growth
package announced in January this year, which envisaged payments of Rs10 billion/month, whereas only Rs 2 billion has been released so far during the last four months.
Speaking in Shanghai midway through a five day visit to China, Osborne was on a mission to forge stronger economic ties with the world's second largest economy, and said Beijing's switch in strategy away from an export-led growth
would present more opportunities.
Specific topics include the sustainability of export-led growth
, climate change mitigation, financial reform, capital account liberalization, social security reform, participation in the World Trade Organization, outward direct investment, and China's involvement in global governance.
Mr Cable said: "As we rebalance the economy with more export-led growth
, retail has an important role to play.