Trade Structure and Growth

Lederman and Maloney examine the empirical relationships between trade structure and economic growth, particularly the influence of natural resource abundance, export concentration, and intra-industry trade. They test the robustness of these relati...

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Bibliographic Details
Main Authors:	Lederman, Daniel, Maloney, William F.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AGRICULTURE CAPITAL ACCUMULATION CAPITAL MARKETS COMPARATIVE ADVANTAGE COMPETITIVENESS CONVENTIONAL WISDOM CONVERGENCE DEBATE COUNTRY SPECIFIC COUNTRY-SPECIFIC EFFECTS CROSS- SECTIONAL DATA DATA MODEL DATA SET DATA SETS DEBT DEPENDENT VARIABLE DETERMINANTS OF GROWTH DETERMINANTS OF TRADE DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DYNAMIC PANEL ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC CONCENTRATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC REFORM ECONOMIC RESEARCH ECONOMIC REVIEW ECONOMIC STUDIES ECONOMICS RESEARCH ECONOMIES OF SCALE ECONOMISTS EMPIRICAL WORK EMPLOYMENT EMPLOYMENT EQUATIONS ENDOGENOUS VARIABLES ESTIMATION TECHNIQUES EXCHANGE RATE EXPLANATORY VARIABLES EXPORTS FACTOR ACCUMULATION FACTOR ENDOWMENTS FACTORS OF PRODUCTION FINANCIAL DEVELOPMENT FIXED EFFECTS FORECASTS FORESTRY GDP GDP PER CAPITA GROWTH CONTEXT GROWTH DATA GROWTH EMPIRICS GROWTH LITERATURE GROWTH MODELS GROWTH PERFORMANCE GROWTH RATES GROWTH REGRESSIONS GROWTH THEORY HETEROSKEDASTICITY HIGH GROWTH HIGH INFLATION HUMAN CAPITAL IMPORTS INCOME INCOME LEVELS INCOME PER CAPITA INCREASING RETURNS INTERNATIONAL TRADE KNOWLEDGE ECONOMY LABOR FORCE LAGGED DEPENDENT LAGGED LEVELS LAGGED VALUES LANDLOCKED COUNTRIES LDCS LOG INCOME LONG RUN LONG-RUN GROWTH MACRO POLICIES MACRO STABILITY MACROECONOMIC FACTORS MACROECONOMICS MEASUREMENT ERROR MONETARY ECONOMICS MONOPOLISTIC COMPETITION NATURAL RESOURCE ABUNDANCE NATURAL RESOURCES NEGATIVE CORRELATION NEGATIVE EFFECT NEGATIVE IMPACT NEGATIVE RELATIONSHIP NEOCLASSICAL THEORY NET EXPORTS POLICY INDICATORS POLICY RESEARCH POLITICAL ECONOMY POSITIVE EFFECT POSITIVE IMPACT POSITIVE RELATIONSHIP PRODUCT DIFFERENTIATION PRODUCTIVITY PRODUCTIVITY GROWTH RANDOM WALK REGRESSION TECHNIQUES RESEARCH AGENDA RESOURCE ENDOWMENTS SENSITIVITY ANALYSIS SERIAL CORRELATION SIGNIFICANCE LEVEL SIGNIFICANT IMPACT STANDARD DEVIATION TERMS OF TRADE TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRADE OPENNESS TRADE POLICY UNDERDEVELOPED COUNTRIES WEALTH WORLD CONSUMPTION TRADE STRUCTURE NATURAL RESOURCE DEVELOPMENT TRADE RAW MATERIALS WORLD CONSUMPTION TRADE STRUCTURE
Online Access:	http://documents.worldbank.org/curated/en/2003/04/2323015/trade-structure-growth http://hdl.handle.net/10986/18264

Description
Summary:	Lederman and Maloney examine the empirical relationships between trade structure and economic growth, particularly the influence of natural resource abundance, export concentration, and intra-industry trade. They test the robustness of these relationships across proxies, control variables, and estimation techniques. The authors find trade variables to be important determinants of growth, especially natural resource abundance and export concentration. In contrast with much of the recent literature, natural resource abundance appears to have a positive effect on growth, whereas export concentration hampers growth, even after controlling for physical and human capital accumulation, among other factors.

Trade Structure and Growth

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