Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? write by Dongyeol Lee. This book was released on 2019-05-24. Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? available in PDF, EPUB and Kindle. 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.
Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter?
Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? write by Dongyeol Lee. This book was released on 2019-05-24. Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? available in PDF, EPUB and Kindle. 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.
Does What You Export Matter?
Does What You Export Matter? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Does What You Export Matter? write by Daniel Lederman. This book was released on 2012-06-18. Does What You Export Matter? available in PDF, EPUB and Kindle. Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.
Economic Benefits of Export Diversification in Small States
Economic Benefits of Export Diversification in Small States - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Benefits of Export Diversification in Small States write by Arnold McIntyre. This book was released on 2018-04-11. Economic Benefits of Export Diversification in Small States available in PDF, EPUB and Kindle. The paper considers concepts of economic diversification with respect to exports (including service sectors) for small states. We assessed the economic performance of different groups of 34 small states over the period of 1990-2015 and found those more diversified experienced lower output volatility and higher average growth than most other small states. Our findings are consistent with conventional economic theories but we found that export diversification has a more significant impact on reducing output volatility than improving long run growth in small states. Diversification requires fundamental changes and should be contemplated in the context of a cohesive development strategy.
Macroeconomic Research in Low-income Countries
Macroeconomic Research in Low-income Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Macroeconomic Research in Low-income Countries write by Hites Ahir. This book was released on 2021-03-24. Macroeconomic Research in Low-income Countries available in PDF, EPUB and Kindle. Despite strong economic growth since 2000, many low-income countries (LICs) still face numerous macroeconomic challenges, even prior to the COVID-19 pandemic. Despite the deceleration in real GDP growth during the 2008 global financial crisis, LICs on average saw 4.5 percent of real GDP growth during 2000 to 2014, making progress in economic convergence toward higher-income countries. However, the commodity price collapse in 2014–15 hit many commodity-exporting LICs and highlighted their vulnerabilities due to the limited extent of economic diversification. Furthermore, LICs are currently facing a crisis like no other—COVID-19, which requires careful policymaking to save lives and livelihoods in LICs, informed by policy debate and thoughtful research tailored to the COVID-19 situation. There are also other challenges beyond COVID-19, such as climate change, high levels of public debt burdens, and persistent structural issues.
