Understanding export diversification key drivers and policy implications.

We identify key factors, from large set of potential determinants, that explain the variation in export diversification across countries and over time using Bayesian Model Averaging (BMA), which addresses model uncertainty and ranks factors in order of importance vis-a-vis their explanatory power. O...

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Bibliographic Details
Main Author: Giri, Rahul
Other Authors: Quayyum, Saad, Yin, Rujun
Format: eBook
Language:English
Published: [Washington, D.C.] International Monetary Fund, [2019]
Series:IMF working paper ; WP/19/105.
Subjects:
Online Access:EBSCOhost
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100 1 |a Giri, Rahul,  |9 913182 
245 1 0 |a Understanding export diversification  |b key drivers and policy implications. 
264 1 |a [Washington, D.C.]  |b International Monetary Fund,  |c [2019] 
300 |a 1 online resource (30 pages) 
490 1 |a IMF Working Paper ;  |v WP/19/105 
505 8 |a Cover; contents; i. Introduction; ii. Related literature; iii. Methodology and data; iv. Stylized facts; v.drivers of export diversification: all countries and emdes; vi. Divers of export diversification: emde commodity exporters versus diversified exporters; vii. Doing business indicators and diversification; viii. Policy implications; ix. Conclusion; references; figures; 1. Diversification and development; 2. Diversification and potential determinants; 3. Diversification and potential determinants; tables; 1. Distribution statistics of diversification index 
505 8 |a 2. Baseline specification, all countries and EMDEs; 3. baseline specification, EMDEs -- Commodity and diversified exporters; 4. Baseline specification with doing business indicator 
520 3 |a We identify key factors, from large set of potential determinants, that explain the variation in export diversification across countries and over time using Bayesian Model Averaging (BMA), which addresses model uncertainty and ranks factors in order of importance vis-a-vis their explanatory power. Our analysis suggests, in order to diversify, policy makers should prioritize human capital accumulation and reduce barriers to trade. Other policy areas include improving quality of institutions and developing the financial sector. For commodity exporters reducing barriers to trade is the most important driver of diversification, followed by improving education outcomes at the secondary level and financial sector development. 
588 0 |a Print version record. 
651 7 |a Africa.  |2 imf  |9 280410 
653 0 |a Diversification in industry. 
653 0 |a Exports. 
653 7 |a Diversification in industry.  |2 fast  |0 (OCoLC)fst00895700 
653 7 |a Exports.  |2 fast  |0 (OCoLC)fst00918764 
653 7 |a Globalization: Economic Development.  |2 imf 
653 7 |a International Linkages to Development.  |2 imf 
653 7 |a Models with Panel Data.  |2 imf 
653 7 |a Role of International Organizations.  |2 imf 
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700 1 |a Quayyum, Saad,  |9 913183 
700 1 |a Yin, Rujun,  |9 913184 
710 2 |a International Monetary Fund,  |e issuing body.  |9 173503 
830 0 |a IMF working paper ;  |v WP/19/105.  |9 913013 
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