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The Limits to Import Substitution Industrialisation
2014Chapter 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.
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import substitution and export-led growth
1987In 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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Import substitution and economic growth
Journal of Monetary Economics, 2010Abstract 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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Import Substitution as an Economic Strategy
2011Inward 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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Intertemporal substitution in imported durables
Journal of International Economics, 1998Abstract 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 in the Food Industry
Bulletin of Chelyabinsk State University, 2021Yu. I. Dubova, P. I. Tsvetkova
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