Export Structure and Growth : A Detailed Analysis for Argentina
This paper examines recent changes in the structure of Argentine exports and the implications for future growth. The authors find that the current export structure of Argentina is not conducive to future growth because it is dominated by low-produc...
| Main Authors: | , , |
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/05/7643170/export-structure-growth-detailed-analysis-argentina http://hdl.handle.net/10986/7099 |
| Summary: | This paper examines recent changes in
the structure of Argentine exports and the implications for
future growth. The authors find that the current export
structure of Argentina is not conducive to future growth
because it is dominated by low-productivity goods that tend
to be exported by low-income countries. The productivity
content of Argentine exports has increased recently
although, as of 2004, these changes have been relatively
minor. The authors identify products with characteristics
similar to those currently exported by Argentina and which
are more likely to foster growth because they would shift
the structure of exports more the efficiency frontier. Those
products include chemicals and primary products with some
degree of value added, including partly processed meat, fish
and grains. If economic growth is to be fostered by
developing new export products and by increasing the value
added of existing exports, there will be a need for
sector-specific analysis to address possible market
failures. The analysis should focus on issues such as the
provision of public goods needed for production (including
infrastructure, but also complex intangibles such as
sector-specific legislation), possible impediments to
effective coordination, sector-specific and economy wide
externalities, or barriers to information. This last source
of potential market failure is critical to a successful
policy framework for exports and growth. |
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