Development Perspectives on Trade Growth at the Extensive Margin
Author: Benjamin Shepherd
Publisher:
Published: 2008
Total Pages:
ISBN-13:
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Development Perspectives on Trade Growth at the Extensive Margin
Author: Benjamin Shepherd
Publisher:
Published: 2008
Total Pages: 204
ISBN-13:
DOWNLOAD EBOOKThis dissertation examines the links between international trade and economic development through the lens of export growth at the extensive margin. By extensive margin growth is meant either trade in previously untraded products, or trade in existing products between new country pairs. The three chapters of this dissertation represent some of the first contributions to the literature in this area with an approach anchored in development policy concerns. They contribute to a clearer understanding of the links between firm heterogeneity, extensive margin growth, and development. In addition, they provide new insights into the importance of domestic regulations and institutions in terms of developing country trade performance. Chapter one shows that diversification in the product dimension is influenced by the costs and trade and market entry in the exporting country. Chapter two shows that similar factors also affect diversification in the geographical dimension. Chapter three takes the opposite approach, showing that product standards in importing countries can affect export diversification overseas. All three chapters use trade models incorporating heterogeneous firms to motivate the empirical work undertaken.
Perspectives on Trade and Development
Author: Anne O. Krueger
Publisher: University of Chicago Press
Published: 1990-04-17
Total Pages: 414
ISBN-13: 9780226454900
DOWNLOAD EBOOKDeveloping countries typically have wage rates that are a small fraction of those in developed countries. Trade theories traditionally attributed this difference to two factors: the relative abundance of the labor supply in the two countries and the relative value of the goods produced. These factors, however, inadequately explain the full differential in almost every comparison of developed and developing countries since the second World War. Providing an important and original perspective for understanding both the development process and policies aimed at raising the standard of living in poorer nations, Perspectives on Trade and Development gathers sixteen of Anne O. Krueger's most important essays on international trade and development economics. Her essays discuss the relationships between trade strategies and development; the links between factor endowments, developing countries' policies, and trade strategies in terms of their growth; the role of economic policy in development; and the international economic environment in which development efforts are taking place. Her analyses are extended to trade and development policies generally, and account for a substantial part of the residue unexplained by past theories. This insightful contribution by an influential scholar will be essential reading for all scholars of trade and development.
Economic Development and the Margins of Trade
Author: Jesse Mora
Publisher:
Published: 2020
Total Pages: 54
ISBN-13:
DOWNLOAD EBOOKWe use the Exporter Dynamics Database to identify differences in the margins of export growth for three country groups: high-income, middle-income, and least developed countries. The growing literature on trade dynamics suggests that economic development comes with trade growth on two margins -- the extensive margin (number of exporters) and the intensive margin (average exporter size). By controlling for country groups, we reveal novel relationships between economic development and the margin of export growth. While previous studies find a positive link between economic development and average exporter size, we find that this link is weakest for least developed countries (LDCs) and strongest for high-income countries. For the number of exporters, we find a positive relationship between the extensive margin and economic development for LDCs, but negative or weak correlations between the extensive margin and economic development for the other country groups. The findings, which are robust to various alternative specifications, imply that the drivers of export growth and economic development for the poorest countries differ significantly from growth drivers in middle-income and high-income economies.
China's Growing Role in World Trade
Author: Robert C. Feenstra
Publisher: University of Chicago Press
Published: 2010-03-10
Total Pages: 603
ISBN-13: 0226239721
DOWNLOAD EBOOKIn less than three decades, China has grown from playing a negligible role in international trade to being one of the world's largest exporters, a substantial importer of raw materials, intermediate outputs, and other goods, and both a recipient and source of foreign investment. Not surprisingly, China's economic dynamism has generated considerable attention and concern in the United States and beyond. While some analysts have warned of the potential pitfalls of China's rise—the loss of jobs, for example—others have highlighted the benefits of new market and investment opportunities for US firms. Bringing together an expert group of contributors, China's Growing Role in World Trade undertakes an empirical investigation of the effects of China's new status. The essays collected here provide detailed analyses of the microstructure of trade, the macroeconomic implications, sector-level issues, and foreign direct investment. This volume's careful examination of micro data in light of established economic theories clarifies a number of misconceptions, disproves some conventional wisdom, and documents data patterns that enhance our understanding of China's trade and what it may mean to the rest of the world.
World Development Report 2020
Author: World Bank
Publisher: World Bank Publications
Published: 2019-11-19
Total Pages: 511
ISBN-13: 1464814953
DOWNLOAD EBOOKGlobal value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.
The Anatomy of China's Export Growth
Author: Mary Amiti
Publisher: World Bank Publications
Published: 2008
Total Pages: 29
ISBN-13:
DOWNLOAD EBOOKAbstract: Decomposing China's real export growth, of over 500 percent since 1992, reveals a number of interesting findings. First, China's export structure changed dramatically, with growing export shares in electronics and machinery and a decline in agriculture and apparel. Second, despite the shift into these more sophisticated products, the skill content of China's manufacturing exports remained unchanged, once processing trade is excluded. Third, export growth was accompanied by increasing specialization and was mainly accounted for by high export growth of existing products (the intensive margin) rather than in new varieties (the extensive margin). Fourth, consistent with an increased world supply of existing varieties, China's export prices to the United States fell by an average of 1.5 percent per year between 1997 and 2005, while export prices of these products from the rest of the world to the United States increased by 0.4 percent annually over the same period.
Measuring and Analyzing the Impact of GVCs on Economic Development
Author: World Trade Organization
Publisher: World Trade Organization
Published: 2017
Total Pages: 0
ISBN-13: 9789287041258
DOWNLOAD EBOOKThis report is about a huge contribution to our deepening understanding of what the global economy really means and how it is changing. The report helpfully distinguishes elements of an economy that are tradable and the large set that are non-tradable. Clearly the tradables set is expanding with the support of enabling technology. The report argues that connectivity in the networks that define the evolving architecture of GVCs is important. This Global Value Chain Development Report is the result of intensive and detailed work in assembling and analyzing data on the structure of economies and on how they are linked. It creates a much clearer picture of evolving patterns of independence. It also presents a much clearer picture of comparative advantage. --Publisher description.
Trade Costs and Inclusive Growth
Author: Robert R. Teh
Publisher:
Published: 2016
Total Pages: 0
ISBN-13: 9789287041241
DOWNLOAD EBOOKTrade costs and inclusive growth looks at how implementation of the WTO's Trade Facilitation Agreement (TFA) can help to reduce trade costs and promote growth. The publication rings together contributions from ten participants in the WTO Chairs Programme, which supports trade-related activities by academic institutions in developing countries. The book looks into how the Aid for Trade initiative can assist with implementing the TFA, the importance of mainstreaming trade into national development strategies, and the potential impact of the TFA in various regions.
Rural Development Perspectives
Author:
Publisher:
Published: 1991-06
Total Pages: 44
ISBN-13:
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