Export sophistication: A dynamic panel data approach
Evzen Kocenda () and
Karen Poghosyan ()
Additional contact information
Karen Poghosyan: Central Bank of Armenia, Economic Research Department, Yerevan, Armenia
No 1, Working Papers from Central Bank of the Republic of Armenia
In this paper we analyze export sophistication based on a large panel dataset (2001?2015; 101 countries) and using various estimation algorithms. Using Monte Carlo simulations we evaluate the bias properties of estimators and show that GMM-type estimators outperform instrumentalvariable and fixed-effects estimators. Based on our analysis we document that GDP per capita and the size of the economy exhibit significant and positive effects on export sophistication; weak institutional quality exhibits negative effect. We also show that export sophistication is path-dependent and stable even during a major economic crisis, which is especially important for emerging and developing economies.
Keywords: international trade; export sophistication; emerging and developing economies; specialization; dynamic panel data; Monte-Carlo simulation; panel data estimators (search for similar items in EconPapers)
JEL-codes: C52 C53 F14 F47 O19 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ecm and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Published in Emerging Markets Finance and Trade, September 2018, pages 2799-2814
Downloads: (external link)
Journal Article: Export Sophistication: A Dynamic Panel Data Approach (2018)
Working Paper: Export sophistication: A dynamic panel data approach (2017)
Working Paper: Determinants of export sophistication: Evidence from Monte Carlo simulations (2016)
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:ara:wpaper:001
Access Statistics for this paper
More papers in Working Papers from Central Bank of the Republic of Armenia Contact information at EDIRC.
Bibliographic data for series maintained by Davit Hovhannisyan ().