More than Copper : Toward the Diversification and Stabilization of Zambian Exports

This paper analyzes Zambian export patterns using a new transaction-level trade data set for the period 1999-2011. The data show that, in international comparison, Zambian exports are exceptionally concentrated (on mining products). This reliance h...

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Bibliographic Details
Main Authors:	Brulhart, Marius, Dihel, Nora, Kukenova, Madina
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank Group, Washington, DC 2015
Subjects:	ACCESS TO FOREIGN MARKETS ACCOUNT HOLDERS ACCOUNTING AGRICULTURAL COMMODITIES AGRICULTURAL PRODUCTS AGRICULTURE ANNUAL EXCHANGE RATE AUCTION BALANCE OF PAYMENTS BARRIER BUSINESS ENVIRONMENT CAPITAL GOODS CAPITAL SHORTAGES CELLULAR SUBSCRIPTIONS CHECKS COMMERCIAL BANK COMMERCIAL BANKS COMMODITY COMMODITY PRICE COMMODITY PRICES COMPETITIVENESS CONSUMER PRICES CREDIT UNIONS CURRENCY CUSTOMS PROCEDURES DEBIT CARD DEVELOPMENT AGENCY DEVELOPMENT POLICY DISTRIBUTION OF WEALTH DIVIDENDS DOCUMENTATION REQUIREMENTS DOMESTIC CREDIT DOMESTIC MARKET DOMESTIC PRODUCTION DUMMY VARIABLES DUTY DRAWBACK SCHEMES ECONOMETRIC ANALYSIS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC DOWNTURN ECONOMIES OF SCALE EQUIPMENT EXCHANGE CONTROLS EXCHANGE RATE FLUCTUATIONS EXCHANGE RATES EXPENDITURES EXPORT DIVERSIFICATION EXPORT DYNAMICS EXPORT GROWTH EXPORT MARKETS EXPORT OPPORTUNITIES EXPORT PATTERNS EXPORT PRICES EXPORT SECTOR EXPORT SHARES EXPORT VALUE EXPORTER EXPORTERS EXPORTS EXPOSURE FINANCIAL DEVELOPMENT FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENT FINANCIAL RETURNS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SUPPORT FINANCIAL TRANSACTIONS FIXED COSTS FLOATING EXCHANGE RATE FOREIGN EXCHANGE FOREIGN EXCHANGE RISKS FOREIGN EXCHANGE TRANSACTIONS FOREIGN FIRMS FUTURES GDP GLOBAL COMPETITIVENESS GOVERNMENT POLICY GOVERNMENT SUPPORT GRAVITY VARIABLES HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT IMPORT BANS IMPORT DUTIES IMPORT PRODUCTS INCOME INDIVIDUAL FIRMS INFORMATION ASYMMETRIES INPUT PRICES INSTRUMENT INTERMEDIATE GOODS INTERMEDIATE IMPORTS INTERMEDIATE INPUTS INTERMEDIATE PRODUCTS INTERNATIONAL BANK INTERNATIONAL MARKETS INTERNATIONAL RESERVE INTERNATIONAL TRADE INTERNATIONAL TRANSACTIONS INVESTING INVESTMENT CAPITAL LACK OF TRANSPARENCY LOAN MARKET DEVELOPMENT MARKET PRICES MARKET RESEARCH MARKETING MICRO DATA MICRO-DATA MICROFINANCE MICROFINANCE INSTITUTIONS MULTINATIONAL FIRMS NEW MARKETS NEW PRODUCTS OIL EXPORTERS OUTPUT PAYMENTS SYSTEMS POSITIVE COEFFICIENT PRICE CONTROL PRICE CONTROLS PRICE DISTORTIONS PRICE INFLATION PRICE VOLATILITY PRIVATE INVESTMENT PRODUCER PRICES PRODUCTION COSTS QUANTITATIVE RESTRICTIONS REBATE REGIONAL INTEGRATION REGIONAL TRADE REGIONAL TRADE AGREEMENTS REGIONAL TRADE INTEGRATION REGRESSION ANALYSIS REGULATORY GOVERNANCE REGULATORY REQUIREMENTS RESERVE RETURNS STATISTICAL ANALYSIS SUPPLIER SUPPLIERS SWAPS TARGET MARKET TARIFF BARRIERS TAX TAX EXEMPTIONS TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELECOMMUNICATIONS INFRASTRUCTURE TRADE COMPETITIVENESS TRADE COSTS TRADE DATA TRADE EXPANSION TRADE FACILITATION TRADE FLOWS TRADE LIBERALIZATION TRADE PATTERNS TRADE POLICY TRADE REGIME TRADE RELATIONSHIPS TRADE RESTRICTIONS TRANSACTION TRANSPORT COSTS TRUST FUND VALUE OF TRADE VOLATILITY WHOLESALERS WORLD MARKET
Online Access:	http://documents.worldbank.org/curated/en/2015/01/23171167/more-copper-toward-diversification-stabilization-zambian-exports http://hdl.handle.net/10986/21148

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Summary:	This paper analyzes Zambian export patterns using a new transaction-level trade data set for the period 1999-2011. The data show that, in international comparison, Zambian exports are exceptionally concentrated (on mining products). This reliance has been increasing in recent years. Zambia's exports are also characterized by a high level of churning of firms and products. Multivariate models of survival probabilities suggest that exchange rate volatility and difficult access to imported inputs significantly inhibit diversified and stable exports. The econometric analysis is complemented with a qualitative study of the Zambian export sector. The analysis concludes that one of the main policy levers for unleashing Zambia's full potential as an exporter is by facilitating access to imported inputs. Additional measures that ease foreign exchange transactions, simplify export and certification requirements, and increase the predictability of Zambia's trade regime could be effective to promote Zambia's nontraditional exports.

More than Copper : Toward the Diversification and Stabilization of Zambian Exports

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