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Does export diversification converge? Evidence from cross-country analysis

Author

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  • Vaseem Akram

    (Department of Liberal Arts, Indian Institute of Technology Hyderabad, India)

Abstract

This study examines the export diversification convergence across a broad set of countries. In particular, it focuses on whether the 127 Non-OECD countries are converging with 34 OECD countries in terms of export diversification. The study uses the annual data of 161 countries from 1995 to 2016. Techniques such as panel unit root tests, panel data models, and panel club convergence technique are applied for analysis. The results derived from these techniques support the evidence of export diversification convergence. This implies that the lower export diversified (Non-OECD) countries are ‘catching up' with the higher export diversified (OECD) countries. Further, the findings suggest that Non-OECD countries should diversify their export with a speed of more than 3% to catch the OECD countries in order to achieve high and stable economic growth

Suggested Citation

  • Vaseem Akram, 2018. "Does export diversification converge? Evidence from cross-country analysis," Economics Bulletin, AccessEcon, vol. 38(4), pages 2141-2151.
    • Handle: RePEc:ebl:ecbull:eb-18-00725
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    References listed on IDEAS

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    Cited by:

    1. Bhushan P Jangam & Vaseem Akram, 2019. "Does participation in global value chain foster export concentration?," Economics Bulletin, AccessEcon, vol. 39(4), pages 2913-2920.

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    More about this item

    Keywords

    Export diversification; Panel unit root; Dynamic panel data model; Philips and Sul (2007) test;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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