The conflicting impacts of export fluctuations and diversification programmes
While 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.
Volume (Year): 14 (2005)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RJTE20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RJTE20|
References listed on IDEAS
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.:
- 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.
- 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.
- 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,.
- 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.
- M. Ayhan Kose & Raymond Riezman, 2013.
"Trade shocks and macroeconomic fluctuations in Africa,"
World Scientific Book Chapters,
in: International Trade Agreements and Political Economy, chapter 19, pages 369-394
World Scientific Publishing Co. Pte. Ltd..
- 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," CESifo Working Paper Series 203, CESifo Group Munich.
- 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.
- 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.
- 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.
- Kenen, Peter B & Voivodas, Constantine S, 1972. "Export Instability and Economic Growth," Kyklos, Wiley Blackwell, vol. 25(4), pages 791-804.
- 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.
- 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.
- Moran, Cristian, 1983. "Export fluctuations and economic growth : An empirical analysis," Journal of Development Economics, Elsevier, vol. 12(1-2), pages 195-218.
- Mario Crucini & Prasad Bidarkota, 1997.
"Commodity Prices and the Terms of Trade,"
98-01, Ohio State University, Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:taf:jitecd:v:14:y:2005:i:3:p:271-280. See general information about how to correct material in RePEc.
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.