Proximity and Horizontal Policies : The Backbone of Export Diversification /

The lack of a clear link between general economic fundamentals and export diversification indicators in the literature has fueled the believe that industrial policies are an absolute requisite to diversify exports. This paper, however, does find a strong statistical connection between horizontal pol...

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Bibliographic Details
Main Author: Salinas, Gonzalo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2021.
Series:IMF Working Papers; Working Paper ; No. 2021/064
Subjects:
Online Access:Full text available on IMF
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245 1 0 |a Proximity and Horizontal Policies :   |b The Backbone of Export Diversification /  |c Gonzalo Salinas. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (45 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a The lack of a clear link between general economic fundamentals and export diversification indicators in the literature has fueled the believe that industrial policies are an absolute requisite to diversify exports. This paper, however, does find a strong statistical connection between horizontal policies and diversification by making two novel changes to traditional methodologies: using export categories that lead to diversification (for example, manufactures) as dependent variables, and using a gravity-equation regression setting. Proximity to other economies explains about a third of cross-country heterogeneity in targeted exports, and four fifths together with horizontal policies. Australia, Chile, and New Zealand emerge as new role models for diversification policies. 
538 |a Mode of access: Internet 
650 7 |a Economic Development  |2 imf 
650 7 |a Economic Growth  |2 imf 
650 7 |a Export Complexity  |2 imf 
650 7 |a Export Diversification  |2 imf 
650 7 |a International Trade  |2 imf 
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856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/064/001.2021.issue-064-en.xml  |z IMF e-Library