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
Format: Working Paper
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

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