DOES EXPORT DIVERSIFICATION LEAD TO INCOME CONVERGENCE? EVIDENCE FROM CROSS-COUNTRY ANALYSIS

Vaseem Akram () and Badri Rath
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Vaseem Akram: Indian Institute of Management Jammu

Bulletin of Monetary Economics and Banking, 2020, vol. 23, issue 3, 319-344

Abstract: In this study, we examine the role of export diversification in the convergence of per capita income (output). By applying the dynamic system Generalized Method of Moments (GMM) estimator to a panel dataset consisting of 95 countries, we find evidence of both absolute and conditional divergence for the full sample and the subsamples based on income and regions. Thus, our findings suggest that, although high export diversification boosts the per capita income (output), it does not significantly reduce per capita income (output) gap between rich and poor countries.

Keywords: Export diversification; Economic growth; Conditional convergence (search for similar items in EconPapers)
JEL-codes: C23 E60 F14 O30 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:23:y:2020:i:3b:p:319-344

DOI: 10.21098/bemp.v23i3.1251

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