Patterns of Export Diversification in Developing Countries
Patterns of Export Diversification in Developing Countries

Author: Alberto Amurgo-Pacheco

Publisher: World Bank Publications

Published: 2012

Total Pages: 34

ISBN-13:

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This paper uses highly disaggregated trade data to investigate geographic and product diversification patterns across a group of developing nations for the period from 1990 to 2005. The econometric investigation shows that the gravity equation fits the observed differences in diversification across nations. The analysis shows that exports at the intensive margin account for the most important share of overall trade growth. At the extensive margin, geographic diversification is more important than product diversification, especially for developing countries. Taking part in free trade agreements, thereby reducing trade costs, and trading with countries in the North are also found to have positive impacts on export diversification for developing countries.

Patterns of Export Diversification in Developing Countries
Patterns of Export Diversification in Developing Countries

Author: Alberto Amurgo-Pacheco

Publisher:

Published: 2016

Total Pages: 34

ISBN-13:

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This paper uses highly disaggregated trade data to investigate geographic and product diversification patterns across a group of developing nations for the period from 1990 to 2005. The econometric investigation shows that the gravity equation fits the observed differences in diversification across nations. The analysis shows that exports at the intensive margin account for the most important share of overall trade growth. At the extensive margin, geographic diversification is more important than product diversification, especially for developing countries. Taking part in free trade agreements, thereby reducing trade costs, and trading with countries in the North are also found to have positive impacts on export diversification for developing countries.

Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter?
Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter?

Author: Dongyeol Lee

Publisher: International Monetary Fund

Published: 2019-05-24

Total Pages: 24

ISBN-13: 1498315658

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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.

Decomposition of Export Growth Into Diversification Patterns
Decomposition of Export Growth Into Diversification Patterns

Author: Kerfalla Conte

Publisher: GRIN Verlag

Published: 2011-12

Total Pages: 37

ISBN-13: 3656067848

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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).

The patterns of export product diversification and its determinants in four East African countries. Particulary in case of Ethiopia
The patterns of export product diversification and its determinants in four East African countries. Particulary in case of Ethiopia

Author: Gebeyehu Tuji Benti

Publisher: GRIN Verlag

Published: 2017-05-15

Total Pages: 61

ISBN-13: 366844689X

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Master's Thesis from the year 2016 in the subject Economics - Case Scenarios, , language: English, abstract: This paper assesses the patterns of export product diversification and identifies its determinants in four east African countries particularly focus on the case of Ethiopia. In addition to this, the study develops lessons from East Asian countries as best experience to know the way they have followed to achieve export product diversification with less than three decades. The research conducts Herfindahl-Hirschman index to see the degree of export product diversification, balanced panel data to examine determinants of export product diversification using GLS random effect model and descriptive statistics for the year 1995-2014. The statistical data collected from WDI, UNCTAD, ERCA, NBE and ADI data bases. The study also conducts Huasman specification test to select the best model for the study and Breusch-Peagan test to check the existence of heteroscedasticity and used one year lag-values in log form to detect the endogeneity problems and some of the variables like labor force and saving effect may not observed immediately on diversification. According to the finding, the HHI for east African countries export product diversification shows as they concentrated on few products. However it shows an improvements from year to year with gradual changes. In 1995-2014 Ethiopia, Rwanda and Ugandan export highly concentrated but since 2001 Ethiopia and Uganda export performance shows moderately improved compare to the previous years. The regression result of the study suggests that exchange rate, gross domestic saving, inflation, PGDP, openness to trade, labor force and foreign direct investment suggests as they have positive contribution to export diversification. Likely, the regression result of labor force showing the highest relatively compare to other explanatory variables. [...]

Economic Benefits of Export Diversification in Small States
Economic Benefits of Export Diversification in Small States

Author: Arnold McIntyre

Publisher: International Monetary Fund

Published: 2018-04-11

Total Pages: 23

ISBN-13: 1484351010

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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.

Trade Competitiveness of the Middle East and North Africa
Trade Competitiveness of the Middle East and North Africa

Author: Jos R. L pez-C lix

Publisher: World Bank Publications

Published: 2010-07-01

Total Pages: 368

ISBN-13: 0821380753

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Over the past decade, four major developments in global economic integration have shaped trade policy and the economic performance of countries within the Middle East and North Africa region: the emergence of global supply chains, the growth of trade in services, the rise of China and India as major international trading powers, and regional integration. These developments, along with the labor and natural resource endowments of particular countries (some are resource-poor but labor-abundant, some resource-rich and labor-abundant, and some resource-rich and labor-importing), have influenced export diversification outcomes across the region. Yet these countries may not be taking full advantage of all of the opportunities the four new trends offer to them. 'Trade Competitiveness of the Middle East and North Africa: Policies for Export Diversification' examines the region's trade policy agendas and their results by focusing on the countries' response to these four key developments in international trade. As the region recovers from the global financial and economic crises, the book identifies reforms that could allow countries to further strengthen global production networks, benefit more from trade in services, better compete in external markets to face the rise of China and India, and reach the full potential of regional integration. If thoroughly implemented, especially by oil exporters, all of these reforms could help boost growth and job creation in the region.

Aid for Trade at a Glance 2019 Economic Diversification and Empowerment
Aid for Trade at a Glance 2019 Economic Diversification and Empowerment

Author: OECD

Publisher: OECD Publishing

Published: 2019-07-11

Total Pages: 532

ISBN-13: 9264429514

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This edition analyses how trade can contribute to economic diversification and empowerment, with a focus on eliminating extreme poverty, particularly through the effective participation of women and youth. It shows how aid for trade can contribute to that objective by addressing supply-side capacity and trade-related infrastructure constraints, including for micro-, small- and medium-sized enterprises notably in rural areas.

Increasing Export Diversification in Commodity-Exporting Countries
Increasing Export Diversification in Commodity-Exporting Countries

Author: Mr.Dean A. DeRosa

Publisher: International Monetary Fund

Published: 1991-10

Total Pages: 36

ISBN-13:

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This paper draws on the neoclassical theory of international trade to examine the limits of efficient export diversification in low-income, commodity-exporting countries. It demonstrates the fundamental importance of relative factor endowments among countries for determining the commodity composition of international trade flows under both certain and uncertain economic conditions. In recognition of the importance of international financial markets for risk-spreading and allocating resources efficiently under uncertainty, the paper emphasizes the importance of “open” economic policies towards international trade in financial assets as well as goods.

Export Instability and Policy Implications for Developing Countries
Export Instability and Policy Implications for Developing Countries

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1990-05-01

Total Pages: 28

ISBN-13: 1451974531

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A study by the author published in 1988 proposed the hypothesis that export instability depends upon the level of industrialization of the exporting country and the position of exports in the product cycle (growth or mature products). This paper provides further empirical evidence in support of the hypothesis. The paper discusses the significance of the empirical findings, explains why diversification has increased export instability in many developing countries, and discusses the policy implications of the findings. The paper also analyzes the effects of data aggregation on empirical results and suggests topics for future research.