In the context of exports expansion, we want to evaluate the ability of natural resource-abundant countries to reduce their dependence on natural resource exploitation in the long run. Specifically, we measure exports diversification in Chile and Norway in order to measure how they responded to...

We identify key factors, from large set of potential determinants, that explain the variation in export diversification across countries and over time using Bayesian Model Averaging (BMA), which addresses model uncertainty and ranks factors in order of importance vis-a-vis their explanatory...