Export diversification and growth: an empirical investigation

Al‐Marhubi, Fahim

doi:10.1080/13504850050059005

Cited by 215 publications

(173 citation statements)

References 13 publications

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“…The general finding is that countries tend to follow a U-shaped pattern, where they first diversify and then begin specialising relatively late in the development process [9]. This pattern aligns with other empirical studies that have described a positive association between export diversification and economic growth, which tends to be stronger for less developed countries [1,6,7].…”

Section: Discussionsupporting

confidence: 75%

A New Interpretation of the Economic Complexity Index

2017

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Section: Discussionsupporting

confidence: 75%

A New Interpretation of the Economic Complexity Index

2017

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“…In addition, a greater energy consumption should yield a higher economic activity and should hike CO2 emissions in a developing economy. As we have discussed in the introduction, the effect of export diversification 4  on CO2 emissions can be either positive or negative since it depends on the economic development stage of a country: it should be expected that in a developing country export basket provides pollution-intensive goods, and diversifying its export basket leads to greater CO2 emissions. However, as a country develops, it starts to exclude these goods from the export basket (probably it will import these goods from other countries with "less-restrictive environmental protection laws").…”

Section: Empirical Modelmentioning

confidence: 99%

Export Product Diversification and the Environmental Kuznets Curve: Evidence from Turkey

Gözgör

Can

2016

SSRN Journal

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Countries try to stabilize the demand for energy on one hand and sustain economic growth on other, but the worsening global warming and climate change problems have put pressure on them. This paper estimates the environmental Kuznets curve over the period 1971-2010 in Turkey both in the short and the long run. For this purpose, the unit root test with one structural break and the cointegration analysis with multiple endogenous structural breaks are used. The effects of energy consumption and export product diversification on CO2 emissions are also controlled in the dynamic empirical models. It is observed that the environmental Kuznets curve hypothesis is valid in Turkey in both the short run and the long run. The positive effect of energy consumption on CO2 emissions is also obtained in the long run. In addition, it is found that a greater product diversification of exports yields higher CO2 emissions in the long run.Inferences and policy implications are also discussed.

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“…Hence, these countries would benefit from further diversification of their exports. In another study, Al-Marhubi (2000) hypothesizes that instability in export earnings is a major source of economic uncertainty in many commodity-exporting nations, because under an unstable domestic, market investment in those nations become riskier. In other words, an increasing instability of a nation's export earnings may discourage investments, and in turn negatively impact economic growth.…”

Section: "Does Export Diversification Have Any Effect On Long-run Ecomentioning

confidence: 99%

From Coffee Beans to Microchips: Export Diversification and Economic Growth in Costa Rica

Ferreira

Harrison

2012

J. Agric. Appl. Econ.

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During the early 1980s Costa Rica experienced its worst economic crisis since World War II, which led to the abandonment of the import substitution model of development adopted in the 1960s. This severe economic downturn also spurred the implementation of a series of new policies supporting foreign investment in high-value-added industries and the diversification of the nation's exports. As a result, Costa Rica has diversified its economic activity, moved away from its historical dependence on agricultural exports, and gained new competitive advantages in the manufacturing sector. This study presents a straightforward generalization of the model proposed by Herzer and Nowak- Lehnmann's (2006) to test the hypothesis that export diversification has influenced economic growth in Costa Rica via externalities of learning-by-exporting and learning-by-doing. To examine whether a long-run relationship exists between export diversification and economic growth, two types of statistical methodologies are used: the bounds test to cointegration within a distributed lag (ARDL) framework and the dynamic OLS (DOLS). Overall results sufficiently conclude that, at least in the Granger's sense, there is no long-run causality between export diversification and economic growth in Costa Rica over the period of 1965 to 2006.

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Export diversification and growth: an empirical investigation

Cited by 215 publications

References 13 publications

A New Interpretation of the Economic Complexity Index

A New Interpretation of the Economic Complexity Index

Export Product Diversification and the Environmental Kuznets Curve: Evidence from Turkey

From Coffee Beans to Microchips: Export Diversification and Economic Growth in Costa Rica

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