Export diversification and economic development: A dynamic spatial data analysis
Roberto Basile (),
Aleksandra Parteka () and
Review of International Economics, 2018, vol. 26, issue 3, 634-650
This paper contributes to the empirical literature on the relationship between “export variety” (export diversification) and economic development by relaxing the assumption of cross‐country independence and allowing for spatial diffusion of shocks in observed and unobserved factors. Export variety is measured for a balanced panel of 114 countries (1992–2012) using very detailed information on their exports (HS 6‐digit product level). The estimation results of a dynamic spatial panel data model confirm the relevance of spatial network effects in export diversification: indirect effects (spatial spillovers) strongly reinforce direct effects, while spatial proximity to large countries accelerates the diversification process. In about 10 years the whole space–time diffusion of the diversification shock is widely completed. We reveal that the long‐run spillover impact from European countries is much higher than from other countries such as the United States, Japan, or the BRICS (Brazil, Russia, India, China, and South Africa).
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Working Paper: Export diversification and economic development: a dynamic spatial data analysis (2016)
Working Paper: Export diversification and economic development: a dynamic spatial data analysis (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:reviec:v:26:y:2018:i:3:p:634-650
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0965-7576
Access Statistics for this article
Review of International Economics is currently edited by E. Kwan Choi
More articles in Review of International Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().