Export Diversification: What's behind the Hump?
The paper explores the evolution of export diversification patterns along the economic development path. Using a large database with 156 countries over 19 years at the HS6 level of disaggregation (4,991 product lines), we look for action at the intensive and extensive margins. We find a hump-shaped pattern of export diversification similar to what Imbs and Wacziarg (2003) found for production. Diversification and subsequent reconcentration take place mostly along the extensive margin. This hump-shaped pattern is consistent with the conjecture that countries travel across diversification cones, as discussed in Schott (2003, 2004) and Xiang (2007). © 2011 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.
Year of publication: |
2011
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Authors: | Cadot, Olivier ; Carrère, Céline ; Strauss-Kahn, Vanessa |
Published in: |
The Review of Economics and Statistics. - MIT Press. - Vol. 93.2011, 2, p. 590-605
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Publisher: |
MIT Press |
Saved in:
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