Staple Theory and Export-Led Growth: Constructing Differential Growth

Australian Economic History Review, Vol. 43, pp. 230-255, 2003

Posted: 17 Jan 2010

Date Written: 2003

Abstract

The staple theory is a subset of the export-led growth hypothesis, designed to explain the growth and economic development of resource-rich economies. It is a theory that has been misunderstood and is seen to be at odds with the stylised facts of economic growth and development as well as with mainstream neoclassical wisdom. This article presents a brief and critical historiography of the staple theory from which a simple model of staple growth and development is gleaned. As well, data are presented which suggest that staple theory remains an important analytical tool to help explain economic development and growth.

Keywords: Staple theory, Exports, Growth, Resources

JEL Classification: O10, N11, N12, F43

Suggested Citation

Altman, Morris, Staple Theory and Export-Led Growth: Constructing Differential Growth (2003). Australian Economic History Review, Vol. 43, pp. 230-255, 2003. Available at SSRN: https://ssrn.com/abstract=1536834

Morris Altman (Contact Author)

University of Newcastle ( email )

University Drive
Callaghan, NSW 2308
Australia

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
636
PlumX Metrics