Learning by Exporting and Structural Change: An Intertemporal General Equilibrium Analysis of the Growth Process in Thailand
نویسنده
چکیده
The mechanisms of growth out of backwardness are investigated in an intertemporal general equilibrium model for Thailand. Learning by exporting is assumed to be the main vehicle of international spillover. While the econometric literature discusses the causality between exports and productivity, we analyze the endogenous dynamic interaction and with long run growth effects of economic policy. The analysis shows how Thailand has held prolonged growth by multi-sector productivity interaction and structural shift from agriculture to exportables. The relationship between exports and productivity is studied in a counterfactual experiment where protection serves as a barrier to exports learning and thereby reduces growth. JEL classification: O4, O5; key words: intertemporal growth modeling, endogenous productivity growth, learning by exporting, trade and growth, Thailand
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