Holdings: Latent Trade Diversification and Its Relevance for Macroeconomic Stability

Latent Trade Diversification and Its Relevance for Macroeconomic Stability

Traditional measures of trade diversification only take into account contemporaneous export baskets. These measures fail to capture a country’s ability to respond to shocks by allocating factors of production into activities for which it has alread...

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Bibliographic Details
Main Authors:	Lederman, Daniel, Pienknagura, Samuel, Rojas, Diego
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	OUTPUT VOLATILITY EXPORT MARKETS MAXIMUM LIKELIHOOD METHOD ECONOMIC GROWTH SIGNIFICANT EFFECT WORLD TRADE ORGANIZATION PRODUCTION VARIABLE COSTS TRADE STRUCTURE INCOME ANNUAL GROWTH RATE TRADE BARRIERS REAL GDP GDP PER CAPITA LABOR FORCE EXPORTS DEVELOPING COUNTRIES POLITICAL ECONOMY WELFARE DISTRIBUTION POINT ESTIMATES VARIABLES TRADE REFORMS ESTIMATION RESULTS TRADE OPENNESS ANNUAL GROWTH BENCHMARKS PAYMENTS INTERNATIONAL TRANSACTIONS FACTOR ENDOWMENTS ECONOMIC STRUCTURES TRENDS DEVELOPMENT ECONOMIC ACTIVITY MACROECONOMIC STABILITY STANDARD DEVIATION INFLUENCE EMPIRICAL RESULTS TOTAL FACTOR PRODUCTIVITY COSTS NEGATIVE IMPACT INTERNATIONAL TRADE IN SERVICES INCOME GROWTH DATA QUALITY FIXED COSTS RELATIVE IMPORTANCE IMPORT SUBSTITUTION NET EXPORTS WTO PER CAPITA GROWTH EXPLANATORY VARIABLES SIGNIFICANT IMPACT ECONOMIC SIZE INCOME LEVELS INTERNATIONAL ECONOMICS IMPORTS ECONOMIC REFORMS RELATIVE PRICES EXPORT DIVERSIFICATION NATURAL RESOURCES EXPORT SPECIALIZATION ECONOMIC REFORM DATA AVAILABILITY TRADE IN SERVICES VALUE ADDED COUNTRY LEVEL CUMULATIVE DISTRIBUTION INTERNATIONAL TRADE COUNTRY SIZE EXTERNAL CONDITIONS FINANCIAL CRISIS AGRICULTURAL EXPORTS VALUE DEPENDENT VARIABLE POLICY MAKERS EXPORT BASKETS PRODUCTION FUNCTIONS IMPORT VALUES COMPARATIVE ADVANTAGES POOR COUNTRIES EXPORT PRODUCTS DEVELOPING WORLD DYNAMIC PANEL INCOME DISTRIBUTION KNOWLEDGE ECONOMY AGRICULTURE ESTIMATED COEFFICIENTS ERROR TERM MEASUREMENT TRADE REGIMES TRADE LIBERALIZATION ECONOMICS DIVERSIFICATION TERMS OF TRADE SECTORAL COMPOSITION FIXED EFFECTS TRADE DATA ECONOMIC DEVELOPMENT TRADE EMPIRICAL REGULARITIES GDP GOODS THEORY GLOBAL TRADE GROWTH RATE BILATERAL TRADE COMPARATIVE ADVANTAGE PRIMARY PRODUCTS TRADE DIVERSIFICATION COUNTRY CHARACTERISTICS GINI COEFFICIENT EXTERNAL SHOCKS EXPORT BASKET WORLD TRADE POLICY RESEARCH HIGH GROWTH EXCHANGE RATE DEVELOPMENT INDICATORS OUTSOURCING PRICES FINANCIAL DEPTH DEVELOPMENT POLICY INEQUALITY FUTURE RESEARCH GROWTH
Online Access:	http://documents.worldbank.org/curated/en/2015/06/24688492/latent-trade-diversification-relevance-macroeconomic-stability http://hdl.handle.net/10986/22213

Internet

http://documents.worldbank.org/curated/en/2015/06/24688492/latent-trade-diversification-relevance-macroeconomic-stability
http://hdl.handle.net/10986/22213

Latent Trade Diversification and Its Relevance for Macroeconomic Stability

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