Trade openness, export diversification, and political regimes

Yousef Makhlouf, Neil Kellard () and Dmitri Vinogradov

Economics Letters, 2015, vol. 136, issue C, 25-27

Abstract: Recent studies have challenged the view that trade openness leads to more specialization in countries’ trade. Using a panel of 116 countries over 35 years, we show that openness can be positively associated with both specialization and diversification, depending on the measure used. Moreover, for developing countries in our sample, the effect of openness on trade structure depends on the type of political regime: in autocracies openness is linked with specialization, whilst in democracies it is related to diversification via export sophistication.

Keywords: Trade openness; Export diversification; Democracy (search for similar items in EconPapers)
JEL-codes: F14 F49 P48 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:136:y:2015:i:c:p:25-27

DOI: 10.1016/j.econlet.2015.08.031

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