Does a Leapfrogging Growth Strategy Raise Growth Rate? Some International Evidence

Wang, Zhi; Wei, Shang‐Jin; Wong, Anna

doi:10.3386/w16390

Cited by 10 publications

(10 citation statements)

References 21 publications

(13 reference statements)

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“… In line with classical studies (Hausmann, Hwang, & Rodrik, ; Wang, Wei, & Wong, ; Xu, ), export sophistication refers to the technical sophistication of export products and emphasizes the difference in the technical content of different products. For example, the export sophistication of clothing is generally lower than that of computers.…”

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confidence: 75%

Does participation in global value chains extend export duration?

Zhu

Bin

Qian

2019

Review Development Economics

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This paper investigates the relationship between participation in global value chains (GVCs) and export duration based on a model of discrete-time proportional hazards. The econometric analysis relies on the merged data of Chinese Annual Survey of Industrial Firms (CASIF) database and Chinese Customs Trade Statistics (CCTS) database over the period from 2000 to 2013. Empirical results suggest that participation in GVCs could positively extend export duration and is robust to various specifications, including the samples with multiple spells, measurement error, and the alternative measure of participation in GVCs. Further studies based on heterogeneous variables demonstrate that the improvement of product quality, asset-specific investment, and product diversity for enterprises participating in GVCs could positively extend export duration. This paper contributes to our understanding of how participation in GVCs affects export duration based on firm heterogeneity. Our results may have important implications for enterprises wishing to avoid export risks.

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confidence: 75%

Does participation in global value chains extend export duration?

Zhu

Bin

Qian

2019

Review Development Economics

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“…Governments can address this market failure by tilting resource allocation toward more complex or sophisticated goods. Wang, Wei and Wong (2010) question the proposition that governments should pursue such a -leapfrogging growth strategy‖. They argue that empirical evidence in favor of government intervention is too scant, as various measures of export sophistication in their panel growth regressions are estimated to be statistically insignificant.…”

Section: Introductionmentioning

confidence: 99%

Production complexity, adaptability and economic growth

Ferrarini¹,

Scaramozzino

2016

Structural Change and Economic Dynamics

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This paper analyzes the impact of production complexity and its adaptability on the level of output and on its rate of growth. We develop an endogenous growth model where increased complexity raises the rate of economic growth but has an ambiguous effect on the level of output. Our empirical measure of production adaptability captures the proximity of production sectors within the product space, which we modify to reflect intra-industry trade and the international fragmentation of production. We test the model against a sample of 89 countries over the two decades to 2009 and find that its main predictions are validated.

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“…In particular, Wang et al (2010) argue that the key assumption underlying PRODY -the more advanced countries produce more sophisticated productsmay not be true. More advanced countries may often produce a larger set of products than poor countries.…”

Section: Wang Et Al (2010) Have Identified Some Weaknesses Associatementioning

confidence: 99%

Multi-product firms, product mix changes and upgrading: Evidence from China's state-owned forest areas

Söderbom

Weng

2012

China Economic Review

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Product selection matters for a firm's productivity and long-run growth. Recent theoretical and empirical studies indicate that an important margin of adjustment to policy reforms is the reallocation of output within firms through changes in product mix decisions. This paper examines the frequency, pervasiveness and determinants of product switching and upgrading activities in firms located in China's state-owned forest areas during a period of gradual institutional and managerial reforms (2004)(2005)(2006)(2007)(2008). We find that changes to the product mix are pervasive and characterized by adding or churning products rather than only shedding products. Moreover, changes in firms' product mix have made a significant contribution to the aggregate output growth during our sample period. We also find that firms with different characteristics, human capital and market conditions differ in their propensity to diversify and upgrade product mix.

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Does a Leapfrogging Growth Strategy Raise Growth Rate? Some International Evidence

Cited by 10 publications

References 21 publications

Does participation in global value chains extend export duration?

Does participation in global value chains extend export duration?

Production complexity, adaptability and economic growth

Multi-product firms, product mix changes and upgrading: Evidence from China's state-owned forest areas

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