Economic Growth and Regional Development - Reconsideration of Economic Effects of New Technology on Export-led Economic Growth

• 영문명: Economic Growth and Regional Development
• 발행기관: 한국경제발전학회
• 저자명: Yuko Arayama
• 간행물 정보: 『경제발전연구』經濟發展硏究 第14卷 第1號, 245~256쪽, 전체 12쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2008.06.01

영문 초록

  This paper has introduced two technologies, traditional and new, to produce one commodity into the Heckscher-Ohlin-Samuelson framework a la Professor Mundlak. As is usually understood, it seems much plausible that we had capital-using technological progress not only in the new technology in export commodity but also in the traditional technology in export commodity during the export-led high economic growth. Contrary to this conjecture, this paper has proved technological progress only in the new technology in export commodity, or rapid technological progress in the new technology in export commodity, can consistently explain the simultaneous occurrence of both term-of-trade improvement and export expansion. This finding could contribute for clarifying the process of export-led high economic growth and can give a useful implication for the way of economic cooperation among East Asian countries.

목차

Ⅰ. Introduction
Ⅱ. Facts to Be Explained
Ⅲ. Economic Model of Two Technologies in Export Production
Ⅳ. Effects of Technological Change in Export Production on the Term of Trade
Ⅴ. Concluding Remarks
References

키워드

Multiple technologies Offer curve Growth pattern