Extending the learning-by-exporting hypothesis: Introducing a credit constraint

Kazuhiko Yokota*, Akinori Tomohara

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)


This paper develops a theoretical framework which can be used to examine policy implications from the learning-by-exporting hypothesis. This work builds on previous theoretical literature by introducing a credit constraint. When credit is available, the analysis suggests that supporting a learning sector via an export subsidy is not necessarily advised to improve social welfare. The learning sector's goods may be over-produced (relative to another non-tradable sector goods) when consumers can borrow freely for their consumption. If the learning sector's goods are over-produced, social welfare will be improved via a tax on production.

Original languageEnglish
Pages (from-to)169-177
Number of pages9
JournalInternational Advances in Economic Research
Issue number2
Publication statusPublished - 2009
Externally publishedYes


  • Export subsidy
  • Knowledge spillover
  • Learning-by-exporting

ASJC Scopus subject areas

  • Economics and Econometrics
  • Economics, Econometrics and Finance(all)


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