WATCHING MORE THAN THE DISCOVERY CHANNEL TO DIVERSIFY EXPORTS

Paul Brenton and Richard Newfarmer

Chapter 15 in International Trade, Distribution and Development:Empirical Studies of Trade Policies, 2014, pp 315-328 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In seeking to accelerate export diversification, much of the focus in the past has been on increasing the number of products that are exported. Hausmann and Rodrik (2003) continue in this vein and focus on the “discovery process” of exporting, contending that firms in developing economies tend to under invest in discovery because would-be first movers into export markets fear their initially high returns would be eroded by subsequent new entry, and they thus under invest in searching for new export activities. A policy corollary is that governments can usefully deploy industrial policies to stimulate discovery and hence diversification…

Keywords: Trade; Economic Development; Empirical Studies; Modelling (search for similar items in EconPapers)
Date: 2014
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