Export Growth and Diversification : The Case of Peru
The rapid growth of exports since the early 1990s is a central feature in the extraordinary rise of Peru's economy in recent years. This study puts a lens on this export growth episode, with special attention to two issues. The first one is th...
| Main Authors: | , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111101083747 http://hdl.handle.net/10986/3634 |
| id |
okr-10986-3634 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-36342021-04-23T14:02:11Z Export Growth and Diversification : The Case of Peru Illescas, Javier Jaramillo, C. Felipe ADVERTISING AGGREGATE LEVEL AGRICULTURAL PRODUCTS AVERAGE GROWTH AVERAGE GROWTH RATE CENTRAL BANK COMMODITY PRICE COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES DEBT DEFLATORS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISAGGREGATED LEVEL DIVERSIFICATION ECONOMIC ACTIVITY ECONOMIC BOOM ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORM ECONOMIC REFORMS ECONOMICS LETTERS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EXCHANGE RATE EXCHANGE RATES EXPORT EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT MARKETS EXPORTS FINANCIAL CRISIS FOREIGN EXCHANGE FOREST RESOURCES GDP GLOBAL ECONOMY GLOBAL MARKETS GROWTH EPISODE GROWTH MODEL GROWTH RATE GROWTH RATES GROWTH REGRESSIONS HIGH GROWTH HUMAN CAPITAL INCOME INCOME LEVELS INCREASING RETURNS INCREASING RETURNS TO SCALE INDEPENDENT VARIABLES INFLATION INTEREST RATE INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS KNOWLEDGE ECONOMY LOW-INCOME COUNTRIES MACROECONOMIC STABILITY MARKET DISTORTIONS MARKET REFORMS MARKETING MEAT MILK MILLS NATURAL RESOURCES NEGATIVE EFFECT NON- TRADITIONAL EXPORTS NON-TRADITIONAL EXPORTS PER CAPITA INCOME PERFUMES POLICY RESEARCH PORTFOLIO THEORY POVERTY REDUCTION PRICE INCREASE PRICE INDEX PRICE LEVELS PRICE VARIATIONS PRICE VOLATILITY PRIMARY PRODUCTS PUBLIC FUNDS PUBLIC POLICIES PURCHASING PURCHASING POWER RAPID GROWTH REAL EXCHANGE RATE RETAIL RISK AVERSE SALE SIGNIFICANT FACTOR SIGNIFICANT IMPACT STATISTICAL DATA STRUCTURAL CHANGE SUGAR TANNING TAX TECHNOLOGY FRONTIER TIMBER VALUE ADDED The rapid growth of exports since the early 1990s is a central feature in the extraordinary rise of Peru's economy in recent years. This study puts a lens on this export growth episode, with special attention to two issues. The first one is the role of international price levels as well as export volumes in explaining this growth. The second one is whether Peru has seen a diversification of its exports during this growth episode. The empirical analysis finds that although the increase in international mineral prices has exerted a significant impact in recent years, much of the growth of Peru's export revenues has also been related to an increase in volumes. This finding applies to traditional and non- traditional exports, although the importance of volumes is more predominant for the latter. The analysis does not reveal a trend toward greater diversification of Peru's exports since 1993. On the contrary, some of the evidence suggests that the rises in price and volumes in the mining components could be leading to greater concentration. Nonetheless, there is a clear trend toward diversification among non-traditional exports due to the significant emergence of new export products in recent years. 2012-03-19T18:05:57Z 2012-03-19T18:05:57Z 2011-11-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111101083747 http://hdl.handle.net/10986/3634 English Policy Research working paper ; no. WPS 5868 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper Latin America & Caribbean Latin America & Caribbean South America America Peru |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ADVERTISING AGGREGATE LEVEL AGRICULTURAL PRODUCTS AVERAGE GROWTH AVERAGE GROWTH RATE CENTRAL BANK COMMODITY PRICE COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES DEBT DEFLATORS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISAGGREGATED LEVEL DIVERSIFICATION ECONOMIC ACTIVITY ECONOMIC BOOM ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORM ECONOMIC REFORMS ECONOMICS LETTERS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EXCHANGE RATE EXCHANGE RATES EXPORT EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT MARKETS EXPORTS FINANCIAL CRISIS FOREIGN EXCHANGE FOREST RESOURCES GDP GLOBAL ECONOMY GLOBAL MARKETS GROWTH EPISODE GROWTH MODEL GROWTH RATE GROWTH RATES GROWTH REGRESSIONS HIGH GROWTH HUMAN CAPITAL INCOME INCOME LEVELS INCREASING RETURNS INCREASING RETURNS TO SCALE INDEPENDENT VARIABLES INFLATION INTEREST RATE INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS KNOWLEDGE ECONOMY LOW-INCOME COUNTRIES MACROECONOMIC STABILITY MARKET DISTORTIONS MARKET REFORMS MARKETING MEAT MILK MILLS NATURAL RESOURCES NEGATIVE EFFECT NON- TRADITIONAL EXPORTS NON-TRADITIONAL EXPORTS PER CAPITA INCOME PERFUMES POLICY RESEARCH PORTFOLIO THEORY POVERTY REDUCTION PRICE INCREASE PRICE INDEX PRICE LEVELS PRICE VARIATIONS PRICE VOLATILITY PRIMARY PRODUCTS PUBLIC FUNDS PUBLIC POLICIES PURCHASING PURCHASING POWER RAPID GROWTH REAL EXCHANGE RATE RETAIL RISK AVERSE SALE SIGNIFICANT FACTOR SIGNIFICANT IMPACT STATISTICAL DATA STRUCTURAL CHANGE SUGAR TANNING TAX TECHNOLOGY FRONTIER TIMBER VALUE ADDED |
| spellingShingle |
ADVERTISING AGGREGATE LEVEL AGRICULTURAL PRODUCTS AVERAGE GROWTH AVERAGE GROWTH RATE CENTRAL BANK COMMODITY PRICE COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES DEBT DEFLATORS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISAGGREGATED LEVEL DIVERSIFICATION ECONOMIC ACTIVITY ECONOMIC BOOM ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORM ECONOMIC REFORMS ECONOMICS LETTERS EMPIRICAL EVIDENCE EMPIRICAL LITERATURE EXCHANGE RATE EXCHANGE RATES EXPORT EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT MARKETS EXPORTS FINANCIAL CRISIS FOREIGN EXCHANGE FOREST RESOURCES GDP GLOBAL ECONOMY GLOBAL MARKETS GROWTH EPISODE GROWTH MODEL GROWTH RATE GROWTH RATES GROWTH REGRESSIONS HIGH GROWTH HUMAN CAPITAL INCOME INCOME LEVELS INCREASING RETURNS INCREASING RETURNS TO SCALE INDEPENDENT VARIABLES INFLATION INTEREST RATE INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS KNOWLEDGE ECONOMY LOW-INCOME COUNTRIES MACROECONOMIC STABILITY MARKET DISTORTIONS MARKET REFORMS MARKETING MEAT MILK MILLS NATURAL RESOURCES NEGATIVE EFFECT NON- TRADITIONAL EXPORTS NON-TRADITIONAL EXPORTS PER CAPITA INCOME PERFUMES POLICY RESEARCH PORTFOLIO THEORY POVERTY REDUCTION PRICE INCREASE PRICE INDEX PRICE LEVELS PRICE VARIATIONS PRICE VOLATILITY PRIMARY PRODUCTS PUBLIC FUNDS PUBLIC POLICIES PURCHASING PURCHASING POWER RAPID GROWTH REAL EXCHANGE RATE RETAIL RISK AVERSE SALE SIGNIFICANT FACTOR SIGNIFICANT IMPACT STATISTICAL DATA STRUCTURAL CHANGE SUGAR TANNING TAX TECHNOLOGY FRONTIER TIMBER VALUE ADDED Illescas, Javier Jaramillo, C. Felipe Export Growth and Diversification : The Case of Peru |
| geographic_facet |
Latin America & Caribbean Latin America & Caribbean South America America Peru |
| relation |
Policy Research working paper ; no. WPS 5868 |
| description |
The rapid growth of exports since the
early 1990s is a central feature in the extraordinary rise
of Peru's economy in recent years. This study puts a
lens on this export growth episode, with special attention
to two issues. The first one is the role of international
price levels as well as export volumes in explaining this
growth. The second one is whether Peru has seen a
diversification of its exports during this growth episode.
The empirical analysis finds that although the increase in
international mineral prices has exerted a significant
impact in recent years, much of the growth of Peru's
export revenues has also been related to an increase in
volumes. This finding applies to traditional and non-
traditional exports, although the importance of volumes is
more predominant for the latter. The analysis does not
reveal a trend toward greater diversification of Peru's
exports since 1993. On the contrary, some of the evidence
suggests that the rises in price and volumes in the mining
components could be leading to greater concentration.
Nonetheless, there is a clear trend toward diversification
among non-traditional exports due to the significant
emergence of new export products in recent years. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Illescas, Javier Jaramillo, C. Felipe |
| author_facet |
Illescas, Javier Jaramillo, C. Felipe |
| author_sort |
Illescas, Javier |
| title |
Export Growth and Diversification : The Case of Peru |
| title_short |
Export Growth and Diversification : The Case of Peru |
| title_full |
Export Growth and Diversification : The Case of Peru |
| title_fullStr |
Export Growth and Diversification : The Case of Peru |
| title_full_unstemmed |
Export Growth and Diversification : The Case of Peru |
| title_sort |
export growth and diversification : the case of peru |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111101083747 http://hdl.handle.net/10986/3634 |
| _version_ |
1764387536563601408 |