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import substitution and export-led growth

1987
In an economy in which expansion is limited by a balance of payments constraint, action must be taken either to boost exports or to limit imports. This truism takes on an added dimension when the trade strategy adopted is part of a general development strategy. In these circumstances the evaluation of any particular trade strategy must include not only
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The Limits to Import Substitution Industrialisation

2014
Chapter 1 of this book outlined a relatively general and abstract theoretical approach to understanding the crisis-ridden development of global capitalism — largely from the perspective of the advanced or ‘classical’ capitalist countries. With this chapter, then, we begin our more focused examination of the development of capitalism within Spain.
Thomas Purcell   +2 more
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Import Substitution in Leontief Models

Econometrica, 1954
IN A TYPICAL Leontief model, there is a unique method of production for each product. Hence, if a given bill of final goods is specified, the output of each industry is uniquely determined, there being no possibilities of substitution. Professor Chenery, in a contribution to a study of the industrial structure of the Italian economy ([1], Chapter II ...
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Import substitution and economic growth

Journal of Monetary Economics, 2010
Abstract Despite Latin America's dismal performance between the 1950s and 1980s, the region experienced strong capital deepening. We suggest that these facts can be explained as a consequence of the restrictive trade regime adopted at that time. Our framework is based on a dynamic Heckscher–Ohlin model, with scale economies in the capital-intensive ...
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Intertemporal substitution in imported durables

Journal of International Economics, 1998
Abstract This paper analyzes the hitherto unexplored relation between expected exchange rates and import prices of durable goods. The distinguishing feature of durable goods is their asset-like quality, implying that their current and future sales are substitutable: durability induces intertemporal substitution.
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Import Substitution as an Economic Strategy

2011
Inward orientation, or import substitution as it is often called, is an economic strategy that aims to accelerate economic growth and industrialization by substituting domestic production for existing imports and by forestalling future imports as demand grows.
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Import Substitution Industrialization (ISI): An Approach to Global Economic Sustainability

Industry, Innovation and Infrastructure, 2020
Emerson Abraham Jackson, Mohamed Jabbie
semanticscholar   +1 more source

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