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
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: Suggested Citation