Export Diversification and Economic Growth

Heiko Hesse

No 28040 in World Bank Publications - Books from The World Bank Group

Abstract: Export diversification can lead to higher growth. Developing countries should diversify their exports since this can, for example, help them to overcome export instability or the negative impact of terms of trade in primary products. The process of economic development is typically a process of structural transformation where countries move from producing "poor-country goods" to "rich-country goods." Export diversification does play an important role in this process. The author also provides robust empirical evidence of a positive effect of export diversification on per capita income growth. This effect is potentially nonlinear with developing countries benefiting from diversifying their exports in contrast to the most advanced countries that perform better with export specialization.

Keywords: Macroeconomics; and; Economic; Growth-Economic; Theory; &; Research; Poverty; Reduction-Achieving; Shared; Growth; International; Economics; and; Trade-Export; Competitiveness; Private; Sector; Development-Competitiveness; and; Competition; Policy; International; Economics; and; Trade-Trade; Policy (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (102)

Downloads: (external link)
https://openknowledge.worldbank.org/bitstreams/e8e ... 0b9c51c685f/download (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:28040

Access Statistics for this book

More books in World Bank Publications - Books from The World Bank Group 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Tal Ayalon ().