España, J.R.Universidad Carlos III de Madrid. Departamento de Economía2008-08-222008-08-221992-052340-5031https://hdl.handle.net/10016/2834This paper presents some empirical evidence suggesting that promotion of manufactured exports can lead to accelerated rates of growth in a developing economy. Based on a two-sectoral model involving exports and non-exports, a method is developed to measure the gains obtained through a reallocation of resources from the domestic to the external sector. The benefits from continued export expansion are found to decline over time. Cointegration tests confirm the long-run character of the estimated relationships. A simulation based on a dynamic, optimal control model illustrates the growth effects of different shocks and policies affecting the Korean export sector.application/pdfengAtribución-NoComercial-SinDerivadas 3.0 EspañaExport expansionEconomic growthRellocation gainsKoreaworking paperEconomíaopen access