The conflicting impacts of export fluctuations and diversification programmes
AbstractWhile analyses of export instability and diversification policies typically focus on aggregate earnings, a conflict can arise between income instability at the aggregate and household levels. Diversification can reduce a country's aggregate income instability and simultaneously increase the instability experienced by many households, and perhaps by every household in the country. We demonstrate how alternative export portfolios can produce this conflict in instability. The conflict means that the conclusions from previous empirical studies need to be qualified and policy recommendations need to be carefully formulated.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal The Journal of International Trade & Economic Development.
Volume (Year): 14 (2005)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RJTE20
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Deaton, A-S & Miller, R-I, 1995.
"International Commodity Prices, Macroeconomic Performance, and Politics in Sub-Saharan Africa,"
Princeton Studies in International Economics
79, International Economics Section, Departement of Economics Princeton University,.
- Deaton, Angus & Miller, Ron, 1996. "International Commodity Prices, Macroeconomic Performance and Politics in Sub-Saharan Africa," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 5(3), pages 99-191, October.
- Paul Cashin & C John McDermott & Alasdair Scott, 1999.
"The myth of co-moving commodity prices,"
Reserve Bank of New Zealand Discussion Paper Series
G99/9, Reserve Bank of New Zealand.
- M. Ayhan Kose & Raymond Riezman, 1999.
"Trade Shocks and Macroeconomic Fluctuations in Africa,"
CESifo Working Paper Series
203, CESifo Group Munich.
- Kose, M. Ayhan & Riezman, Raymond, 2001. "Trade shocks and macroeconomic fluctuations in Africa," Journal of Development Economics, Elsevier, vol. 65(1), pages 55-80, June.
- M. Ayhan Kose & Raymond Riezman, 1999. "Trade Shocks and Macroeconomic Fluctuations in Africa," CSGR Working papers series 43/99, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick.
- Wong, Chung Ming, 1986. "Models of export instability and empirical tests for less-developed countries," Journal of Development Economics, Elsevier, vol. 20(2), pages 263-285, March.
- Moran, Cristian, 1983. "Export fluctuations and economic growth : An empirical analysis," Journal of Development Economics, Elsevier, vol. 12(1-2), pages 195-218.
- Bidarkota, Prasad & Crucini, Mario J, 2000.
"Commodity Prices and the Terms of Trade,"
Review of International Economics,
Wiley Blackwell, vol. 8(4), pages 647-66, November.
- Brundell, Peter & Horn, Henrik & Svedberg, Peter, 1981. "On the Causes of Instability in Export Earnings," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 43(3), pages 301-13, August.
- Soutar, Geoffrey N., 1977. "Export instability and concentration in the less developed countries : A cross-sectional analysis," Journal of Development Economics, Elsevier, vol. 4(3), pages 279-297, September.
- Jonathan Eaton & Gene M. Grossman, 1985.
"Tariffs as Insurance: Optimal Commercial Policy When Domestic Markets Are Incomplete,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 18(2), pages 258-72, May.
- Jonathan Eaton & Gene M. Grossman, 1981. "Tariffs as Insurance: Optimal Commercial Policy When Domestic Markets Are Incomplete," NBER Working Papers 0797, National Bureau of Economic Research, Inc.
- Kenen, Peter B & Voivodas, Constantine S, 1972. "Export Instability and Economic Growth," Kyklos, Wiley Blackwell, vol. 25(4), pages 791-804.
- Lucas, Robert E B & Stark, Oded, 1985. "Motivations to Remit: Evidence from Botswana," Journal of Political Economy, University of Chicago Press, vol. 93(5), pages 901-18, October.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.