Download or read book Is Export Diversification the Best Way to Achieve Export Growth and Stability written by Ridwan Ali and published by World Bank Publications. This book was released on 1991 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Is Export Diversification the Best Way to Achieve Export Growth and Stability written by Rabia Ali and published by . This book was released on 1991 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Benefits of Export Diversification in Small States written by Arnold McIntyre and published by International Monetary Fund. This book was released on 2018-04-11 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Export Diversification in Low Income Countries and Small States Do Country Size and Income Level Matter written by Dongyeol Lee and published by International Monetary Fund. This book was released on 2019-05-24 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Export Diversification in Low Income Countries and Small States Do Country Size and Income Level Matter written by Dongyeol Lee and published by International Monetary Fund. This book was released on 2019-05-24 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Export Diversification in South Korea Determinants and Implications written by Embareka Abouellail and published by LAP Lambert Academic Publishing. This book was released on 2015-02-19 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Understanding Export Diversification Key Drivers and Policy Implications written by Rahul Giri and published by International Monetary Fund. This book was released on 2019-05-14 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Decomposition of Export Growth Into Diversification Patterns written by Kerfalla Conte and published by GRIN Verlag. This book was released on 2011-12 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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).
Download or read book The Impact of Diversification on Export Earnings Stability written by Tahi Jacques Gnepa and published by . This book was released on 1989 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Export Diversification in the Korean Manufacturing Industry and Its Implications written by Seong-hwan Min and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The increased uncertainty that has rocked the global trading environment in the aftermath of the global financial crisis has emerged as a significant threat for the Korean economy and its high trade dependence. While advanced countries have found themselves confronted by the possibility of low growth caused by the financial instability and economic slowdown with the delicate financial situation, developing countries have taken active measures at the policy to curb inflation. In addition, they have engaged in efforts to maintain high growth through the advent of stimulus packages designed to promote domestic demand. The ability of Korean exports to rapidly recover has been the result of the steady growth of developing countries such as China, and the increased price competitiveness occasioned by the rapid devaluation of the Korean won in the aftermath of the global financial crisis. However, as Korea is still at risk of being negatively impacted by the uncertainty plaguing foreign economies, efforts should be made to achieve sustainable export growth and establish stable export conditions.From this standpoint, it becomes necessary to conduct an active review of export diversification as part of the strategy to ensure sustainable export growth and increase export stability. Export diversification refers to the strategy of diversifying export products and regions which have been actively used by developing countries as a means to promote export activities during the economic development process. Therefore, export diversification very effective method of ensuring sustainable export growth and export stability at any stage of economic development.This study analyzes the current state of export diversification within the Korean manufacturing industry from the standpoint of product and regional diversification. This assessment is based on the measurement of inequality using Theil index. Furthermore, this study will also analyze export diversification patterns from the standpoint of the relationship between export diversification and market share. Lastly, the implications of the findings will be addressed.
Download or read book The Roles of Intensive and Extensive Export Diversification on Economic Growth and Female Labor Force Participation written by Wafa Naif S. Binmahfuth and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is divided into three chapters, and each focuses on export diversification, a crucial economic issue, particularly for emerging nations. In the first chapter, we examine the role of intensive and extensive export diversification in the macroeconomy, and thus we analyze the effects of different forms of export diversification on economic growth, growth volatility, and export volatility. We use cross-section and time series techniques for our panel data set from 118 countries for the period 1970 to 2019. We analyzed the impact and nature of the relationship between export diversification and economic growth by employing the system Generalized Method of Moments (GMM) estimation technique and export diversification measured by the Theil index, and we find that export diversification has a positive and significant effect on economic growth. In the second chapter, we examine the effects of export diversification on female labor force participation (FLFP) using data from 118 countries over the period (1990-2019). We also focus on what type of export diversification increases employment opportunities for women in developing and emerging economies. We find that the introduction of new products in the export basket (extensive export diversification) imparts stronger effects on female labor force participation. In the third chapter, we examine the macroeconomic performances of the KSA and the UAE focusing on the roles of export diversification. It is observed that the UAE made significant progress in diversifying its export basket compared to that of the KSA. Even during the 1990s, these two-dominant oil-producing countries were very close in terms of export concentration. The two countries are geographically and historically similar, but the UAE moved in a different direction in diversifying its economy in 2000 while the KSA has recently taken steps to promote export diversification in order to achieve stable economic growth. This suggests that a comparison of KSA and UAE growth performance over the 1990-2019 period would inform us about the growth and export diversification relationship. We find that the KSA can benefit more from the introduction of more goods/services to its export basket than the UAE.
Download or read book The Concept of Economic Diversification in the Context of Response Measures written by United Nations Framework Convention on Climate Change (Organization) and published by . This book was released on 2016 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Chile A Role Model of Export Diversification Policies written by Mr. Gonzalo Salinas and published by International Monetary Fund. This book was released on 2021-05-27 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Largely because of its vast copper reserves, Chile’s exports are highly concentrated on this low complexity product and this is often cited as a major drawback of its economic policy framework. However, its exogenous copper abundance conceals the country’s success in developing non-mineral and complex exports. This achievement is remarkable considering its remoteness from the large international economic centers, which limits its integration to global value chains. As suggested in this paper, this accomplishment reflects Chile’s strength in policy areas that foster non-mineral exports (including complex exports), making the country a role model in export diversification and complexity policies among emerging market countries.
Download or read book Does What You Export Matter written by Daniel Lederman and published by World Bank Publications. This book was released on 2012-06-18 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Economic Diversification in Oil Exporting Arab Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-04-29 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: countries face similar challenges to create jobs and foster more inclusive growth. The current environment of likely durable low oil prices has exacerbated these challenges. The non-oil private sector remains relatively small and, consequently, has been only a limited source of growth and employment. Because oil is an exhaustible resource, new sectors need to be developed so they can take over as the oil and gas industry dwindles. Over-reliance on oil also exacerbates macroeconomic volatility. Greater economic diversification would unlock job-creating growth, increase resilience to oil price volatility and improve prospects for future generations. Macro-economic stability and supportive regulatory and institutional frameworks are key prerequisites for economic diversification...
Download or read book Sustaining Long Run Growth and Macroeconomic Stability in Low Income Countries The Role of Structural Transformation and Diversification written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-07-03 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diversification and structural transformation play important roles in influencing the macroeconomic performance of low-income countries (LICs). Increases in income per capita at early stages of development are typically accompanied by a transformation in a country’s production and export structure. This can include diversification into new products and trading partners as well as increases in the quality of existing products.
Download or read book A New Approach to the Relationship between Export Instability and Economic Development written by Alicia Mullor-Sebastian and published by . This book was released on 2006 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a hypothesis to explain export instability in terms of the life cycle of products and the degree of industrialization of the exporting country. The hypothesis, which challenges commonly held assumptions, is tested using two groups of products. The results of the study have important policy implications. They suggest that the usual recommendation to developing countries to diversify their exports may be based on invalid assumptions; provide an explanation for the unexpected finding that export diversification has often increased export instability in developing countries; and suggest how export diversification in developing countries should proceed to achieve stability.
