Watching More Than The Discovery Channel : Export Cycles And Diversification In Development

Brenton, Paul; Newfarmer, Richard

doi:10.1596/1813-9450-4302

Cited by 93 publications

(98 citation statements)

References 13 publications

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“…This result was supported by those of Pham and Martin (2007) using a crosssectional analysis who found out that about 70 percent of the growth in exports in their sample of 120 exporters and 76 importers was explained by extensive margin growth. The results obtained by Hummels and Klenow (2005) and by Pham and Martin (2007) were in contrast with the results of the time series analyses employed by Brenton and Newfarmer (2007) and Amiti and Freund (2006). Both results showed low rates of extensive margin growth over time suggesting that exporting larger quantities of existing products matter more than exporting a wider set of products.…”

Section: Literature Reviewcontrasting

confidence: 56%

“…In other studies outlining additional benefits of diversification, Agosin (2007) and Hesse (2008) concluded that economies which diversified their export bases also witnessed higher income growth rates, while Lederman and Maloney (2007) showed that export concentration correlates negatively with economic growth. Export diversification has also been found to contribute to export growth especially in low income nations, for instance, Brenton and Newfarmer (2007) found that export diversification accounted for 57% of the total export growth in their study of some African nations.…”

Section: Introductionmentioning

confidence: 99%

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The export-diversifying effect of foreign direct investment in the CEMAC Region

Fonchamnyo¹

2015

J. Econ. Int. Finance

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This study aimed at investigating the export-diversifying effect of Foreign Direct Investment on the economies of the CEMAC sub region -notably, Cameroon, Central Africa Republic, Chad, Congo, Equatorial Guinea and Gabon. This was achieved empirically by using a Generalized Linear Model estimation technique implemented using the logit link function and the Gaussian distribution family to take care of the fractional nature of the concentration index. The results, both descriptive and empirical, showed that within the sub region the countries are heterogeneous in terms of foreign direct investment and diversification index. The most diversified economy in the region is Cameroon, followed by Central Africa Republic, Gabon, Congo, Equatorial Guinea, while Chad is the most concentrated with an index of 0.80. Empirically, the results clearly showed that in this region foreign direct investment, value added in the manufacturing sector and trade openness foster export diversification while rents from natural resource endowment and appreciation of the official exchange rate deter export diversification. The results also point to the fact that the export diversifying effect of foreign direct investment differs across economies in this region, with statistically significant effect obtained for Cameroon and Central Africa Republic, while an insignificant positive effect is observed for Congo. The results obtained are quite implicative, suggesting that policies should be put together to encourage foreign direct investment in countries such as Gabon, Chad and Cameroon that have witnessed very low levels of foreign direct investment in this region, while institutions and structures that are friendly for investors should be put in place to promote the manufacturing sector in the entire region.

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Section: Literature Reviewcontrasting

confidence: 56%

Section: Introductionmentioning

confidence: 99%

The export-diversifying effect of foreign direct investment in the CEMAC Region

Fonchamnyo¹

2015

J. Econ. Int. Finance

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“…Several papers (e.g., Evenett and Venables (2002), Hummels and Klenow (2005), Kehoe and Ruhl (2006) or Brenton and Newfarmer (2007)) decompose cross-country export variations into intensive and extensive (new-products or new-markets) margins and study the contribution of these margins in export growth. 2 Digging deeper into the extensive margin, Hausmann and Klinger (2006) proposed a measure of "product proximity" based on the conditional probability that one product is exported given that the other is also exported.…”

Section: Introductionmentioning

confidence: 99%

Export Diversification: What's behind the Hump?

Cadot

Carrère

Strauss‐Kahn

2011

Review of Economics and Statistics

551

475

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The paper explores the evolution of export diversification patterns along the economic development path. Using a large database with 156 countries over 19 years at the HS6 level of disaggregation (4'991 product lines) we look for action at the "intensive" and "extensive" margins (diversification of export values among active product lines and by addition of new product lines respectively) using various export concentration indices and the number of active export lines. We also look at new product introduction as an indicator of "export-entrepreneurship". We find a hump-shaped pattern of export diversification similar to what Imbs and Wacziarg (2003) found for production and employment. Diversification and subsequent re-concentration take place mostly along the extensive margin, although the intensive margin follows the same pattern. This hump-shaped pattern is consistent with the conjecture that countries travel across diversification cones, as discussed in Schott (2003Schott ( , 2004 and Xiang (2007).

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“…Exports grew at an annual compound rate of 10.9% during this time-span, while imports grew at 12.7%; the base year value was multiplied by almost eight in the case of exports and by 11 in the case of imports. Over the same period, world exports grew at an annual compound rate of 8.6% and imports at 8.5% 10 . As for the trade balance, it has been negative for the majority of years (15 out of the 21 observed), and its value has ranged from 18% to 0.1% of total trade.…”

Section: Methodsmentioning

confidence: 99%

Trade diversification in Colombia, 1991-2011

Cuervo¹

2017

Cuad. Econ.

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Ricardo Argüello argüello, r. (2017). Trade diversification in Colombia, 1991-2011. Cuadernos de Economía, 36(71), 345-378.In this paper we describe the evolution of international trade and the behaviour of export diversification in colombia during the 1991-2011 period. In order to measure trade diversification and follow its behaviour throughout the period, we employ alternative ways of decomposing trade flows in their intensive and extensive margins, using the latter as a measure of diversification. The results indicate that trade diversification in colombia is relatively limited, and seems to follow a pattern according to which exports are diversified mainly through increases in the number of products rather than in the number of partners. At the same time imports tend to diversify mainly by increases in the number of countries of origin rather than by the number of products. Furthermore, trade with upper middleincome countries seems to be an important driver of trade diversification. En este artículo se describe la evolución del comercio internacional y el comportamiento de la diversificación de este en colombia durante el período 1991-2011. Para la medición de la diversificación del comercio y su seguimiento, se emplean formas alternativas de descomponer el comercio en sus márgenes intensivo y extensivo, empleando estos últimos como medida de la diversificación. Los resultados indican que la diversificación del comercio es relativamente limitada y que parece seguir un patrón de acuerdo con el cual las exportaciones se diversifican principalmente mediante un mayor número de productos, mientras que las importaciones lo hacen principalmente a través de un mayor número de países de origen. Además, el crecimiento del comercio con países de ingresos medios altos parece ser un determinante de este patrón. KeywordsPalabras clave: diversificación de exportaciones, diversificación de importaciones, márgenes de comercio, colombia, estudios empíricos de comercio. JeL: F14, O24. Neste artigo, aparece a evolução do comércio internacional e do comportamento da diversificação dele na colômbia durante o período 1991-2011. Para a medição da diversificação do comércio e o seu acompanhamento, são utilizadas formas alternativas para decompor o comércio nas suas margens intensiva e extensiva, utilizando estas últimas como medida da diversificação. Os resultados indicam que a diversificação do comércio é relativamente limitada e que parece seguir um padrão de acordo com o qual as exportações se diversificam principalmente por um maior Trade diversification in Colombia, 1991-2011 argüello, r. (2017). diversification du commerce international en

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Watching More Than The Discovery Channel : Export Cycles And Diversification In Development

Cited by 93 publications

References 13 publications

The export-diversifying effect of foreign direct investment in the CEMAC Region

The export-diversifying effect of foreign direct investment in the CEMAC Region

Export Diversification: What's behind the Hump?

Trade diversification in Colombia, 1991-2011

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