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Title: Export-biased Productivity Increase and Exchange Rate Regimes in East Asia and Europe
Authors: Uni, Hiroyuki  kyouindb  KAKEN_id
Keywords: Kaldorian export-led growth model
exchange rates
East Asia
economic integration
Issue Date: Jun-2007
Publisher: Graduate School of Economics, Kyoto University
Citation: Hiroyuki Uni; "Export-biased Productivity Increase and Exchange Rate Regimes in East Asia and Europe", The Kyoto Economic Review, Vol. 76, pp.117-138 (2007) .
Journal title: The Kyoto economic review
Volume: 76
Issue: 1
Start page: 117
End page: 138
Abstract: Kaldor's policy proposal on exchange rate, which is based on his export-led growth model, is unilateral. By introducing the institutional analysis of wages and exchange rates into Kaldor's model and measuring productivity growth based on input-output tables, we theoretically and empirically clarify how export-biased productivity increase supported export-led growth and gave rise to inflation or accumulative trade imbalance in Japan, Korea, China, Hungary, the Czech Republic and Slovakia. We then propose an exchange rate regime based on multilateral coordination for East Asia, whose growth is strongly characterized by export-biased productivity increase.
DOI: 10.11179/ker.76.117
Appears in Collections:Vol.76 No.1

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