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Export intermediaries and industrial expansion : A theoretical perspective

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  • Export intermediaries and industrial expansion
  • Levy, Brian
  • United States Agency for International Development


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Title Export intermediaries and industrial expansion
Similar Titles
Sub Title

A theoretical perspective

Material Type Reports
Author(English)

Levy, Brian

Publisher

[Washington, D.C.]:United States Agency for International Development

Date 1988-08
Series Title; No Conference Proceedings, Paper; Employment and enterprise policy analysis discussion paper / 20
Pages 44
Subject Country South Korea(Asia and Pacific)
Taiwan(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Industry and Technology < General
Holding United States Agency for International Development

Abstract

A model demonstrates how reciprocal market-completing externalities can progressively reduce the costs of market transactions among buyers, export intermediaries and manufacturers and thereby sustain endogenous industrial expansion subsequent to an initial exogenous stimulus. Transactions cost analysis accounts for the presence of intermediaries. Comparative static analysis reveals that endogenous expansion is greater if industrial firms are small, and if a nation is transactionally relatively efficient at the outset of industrialization. Reciprocal market-completing externalities emerge as the counterpart for small-firm industrial economies, such as Taiwan's, to dynamic internal economies in large-firm industrial economies, such as Korea's.