Is Export Diversification the Best Way to Achieve Export Growth and Stability? PDF Download
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Author: Ridwan Ali
Publisher: World Bank Publications
ISBN:
Category : Diversificacion de exportaciones - Africa
Languages : en
Pages : 49
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Book Description
Policymakers - concerned with the instability and downward trend in export earnings for Malawi, Tanzania, and Zimbabwe between 1961 and 1987 - tend to propose the remedy of export diversification. But horizontal diversification would have produced lower export earnings and more instability.
Author: Ridwan Ali
Publisher: World Bank Publications
ISBN:
Category : Diversificacion de exportaciones - Africa
Languages : en
Pages : 49
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Book Description
Policymakers - concerned with the instability and downward trend in export earnings for Malawi, Tanzania, and Zimbabwe between 1961 and 1987 - tend to propose the remedy of export diversification. But horizontal diversification would have produced lower export earnings and more instability.
Author: Rabia Ali
Publisher:
ISBN:
Category :
Languages : en
Pages : 44
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Book Description
Author: Dongyeol Lee
Publisher: International Monetary Fund
ISBN: 1498315658
Category : Business & Economics
Languages : en
Pages : 24
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Book Description
Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and its volatility in LICs and small states, using a range of indices of export concentration differing in the coverage of industries. The empirical analysis finds that export diversification may promote economic growth and reduce economic volatility in these countries. Furthermore, the analysis demonstrates that the economic benefits of export diversification differ by country size and income level—there are bigger benefits for relatively larger and poorer countries within the group of LICs and small states.
Author: Arnold McIntyre
Publisher: International Monetary Fund
ISBN: 1484351622
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
The paper considers concepts of economic diversification with respect to exports (including service sectors) for small states. We assessed the economic performance of different groups of 34 small states over the period of 1990-2015 and found those more diversified experienced lower output volatility and higher average growth than most other small states. Our findings are consistent with conventional economic theories but we found that export diversification has a more significant impact on reducing output volatility than improving long run growth in small states. Diversification requires fundamental changes and should be contemplated in the context of a cohesive development strategy.
Author: Dongyeol Lee
Publisher: International Monetary Fund
ISBN: 1498317316
Category : Business & Economics
Languages : en
Pages : 24
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Book Description
Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and its volatility in LICs and small states, using a range of indices of export concentration differing in the coverage of industries. The empirical analysis finds that export diversification may promote economic growth and reduce economic volatility in these countries. Furthermore, the analysis demonstrates that the economic benefits of export diversification differ by country size and income level—there are bigger benefits for relatively larger and poorer countries within the group of LICs and small states.
Author: Embareka Abouellail
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659685477
Category :
Languages : en
Pages : 80
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Book Description
Export diversification is considered an effective remedy for avoiding uncertainties in terms of international trade, achieving stability in export earnings, and long run sustained economic growth. Here we explore the macroeconomic and structural factors affecting export diversification and try to fill the gap in the existing literature by examining empirically the effect of these factors on both forms of export diversification, product diversification and geographical diversification, by using the Export Diversification Composite Index, as well as we examine the real impact of export diversification policy on export growth and overall economic growth by testing the hypothesis of the export diversification-led growth strategy in South Korea. The empirical result reveals that the Korean government has had a pivotal role in the successful implementation of the export diversification strategy. Moreover, it proves that an export growth strategy accompanied by export diversification policy has a significant effect on the economic growth over the export growth strategy alone.
Author: Rahul Giri
Publisher: International Monetary Fund
ISBN: 1498313086
Category : Business & Economics
Languages : en
Pages : 29
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Book Description
We identify key factors, from large set of potential determinants, that explain the variation in export diversification across countries and over time using Bayesian Model Averaging (BMA), which addresses model uncertainty and ranks factors in order of importance vis-a-vis their explanatory power. Our analysis suggests, in order to diversify, policy makers should prioritize human capital accumulation and reduce barriers to trade. Other policy areas include improving quality of institutions and developing the financial sector. For commodity exporters reducing barriers to trade is the most important driver of diversification, followed by improving education outcomes at the secondary level and financial sector development.
Author: Kerfalla Conte
Publisher: GRIN Verlag
ISBN: 3656067848
Category : Business & Economics
Languages : en
Pages : 37
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Book Description
Research Paper (postgraduate) from the year 2010 in the subject Business economics - Trade and Distribution, course: Technical-paper/ Private research, language: English, abstract: This paper explores the extent to which products and product-markets diversifications contribute to export growth. It has used the bilateral trade at a very detailed level across countries, between 1996 and 2008. The results suggest that the export growth comes mainly from the intensive margin, i.e. product lines that had been already exported to the existing established trading partners. The decline in export, either due to the fall or the extinction in the existing established trade relationships, occurs more substantially on export growth for developed countries than for developing countries. And the appearance of new exports (extensive margin), either new products or markets, represents a vital source in export earnings for the developing countries, especially for the least developed countries (LDCs).
Author: Tahi Jacques Gnepa
Publisher:
ISBN:
Category : Côte d'Ivoire
Languages : en
Pages : 408
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Book Description
Author: Daniel Lederman
Publisher: World Bank Publications
ISBN: 0821384910
Category : Business & Economics
Languages : en
Pages : 153
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Book Description
Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.
