Export Diversification in Low-Income Countries and Small States : Do Country Size and Income Level Matter? /

Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and its volatility in LICs and small states, using a range o...

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Bibliografiske detaljer
Hovedforfatter: Lee, Dongyeol
Andre forfattere: Zhang, Huan
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2019.
Serier:IMF Working Papers; Working Paper ; No. 2019/118
Online adgang:Full text available on IMF
Beskrivelse
Summary:Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and its volatility in LICs and small states, using a range of indices of export concentration differing in the coverage of industries. The empirical analysis finds that export diversification may promote economic growth and reduce economic volatility in these countries. Furthermore, the analysis demonstrates that the economic benefits of export diversification differ by country size and income level-there are bigger benefits for relatively larger and poorer countries within the group of LICs and small states.
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Fysisk beskrivelse:1 online resource (24 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Adgang:Electronic access restricted to authorized BRAC University faculty, staff and students