IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/44241.html
   My bibliography  Save this paper

Export Diversification Dynamics in Latin America

Author

Listed:
  • Chanci, David

Abstract

The abundance of natural resources in Latin American countries has led to a challenge for governments when designing their public policies for economic growth. Moreover, in recent years the increase in the price of commodities has stimulated a rise in the terms of trade and a tendency towards export concentration. Conversely, today there is more agreement about the role of export diversification in order to enhance economic growth in developing economies. This paper presents a detailed description of the exporter behavior for seventeen countries in Latin America between 1990 and 2011 focusing on export diversification in terms of commodities and markets. Also we explore the diversification by dividing the export growth rate into the contribution of existing, new and disappearing exports. We found that exports in Latin American have diversified across countries with Mexico, Brazil and Argentina being the most diverse. However in all the Latin American countries the export growth rate is strongly supported by existing exports more than new exports

Suggested Citation

  • Chanci, David, 2012. "Export Diversification Dynamics in Latin America," MPRA Paper 44241, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:44241
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/44241/1/MPRA_paper_44241.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    2. Manuel R. Agosin, 2007. "Trade and Growth: Why Asia Grows Faster than Latin America," Palgrave Macmillan Books, in: Ricardo Ffrench-Davis & José Luis Machinea (ed.), Economic Growth with Equity, chapter 9, pages 201-219, Palgrave Macmillan.
    3. Lederman, Daniel & Maloney, William F., 2003. "Trade structure and growth," Policy Research Working Paper Series 3025, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hailu, Degol & Kipgen, Chinpihoi, 2017. "The Extractives Dependence Index (EDI)," Resources Policy, Elsevier, vol. 51(C), pages 251-264.
    2. Volpe Martincus, Christian & Carballo, Jerónimo, 2010. "Beyond the average effects: The distributional impacts of export promotion programs in developing countries," Journal of Development Economics, Elsevier, vol. 92(2), pages 201-214, July.
    3. Agosin, Manuel R., 2008. "Export diversification and growth in emerging economies," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    4. Marcela Meléndez Arjona & Guillermo Perry, 2009. "Industrial policies in Colombia," Working Papers Series. Documentos de Trabajo 9138, Fedesarrollo.
    5. Dalila NICET- CHENAF (GREThA-GRES) & Eric ROUGIER (GREThA-GRES), 2008. "Recent exports matter: export discoveries, FDI and Growth, an empirical assessment for MENA countries," Cahiers du GRES (2002-2009) 2008-17, Groupement de Recherches Economiques et Sociales.
    6. Claudio Bravo-Ortega & Manuel Agosin Trumper, 2007. "The Emergence Of New Successful Export Activities In Latin America: The Case Of Chile," Working Papers wp236, University of Chile, Department of Economics.
    7. Mesquita Moreira, Mauricio, 2007. "Fear of China: Is There a Future for Manufacturing in Latin America?," World Development, Elsevier, vol. 35(3), pages 355-376, March.
    8. Rishav Bista & Rebecca Tomasik, 2017. "Time Zone Effect and the Margins of Exports," The World Economy, Wiley Blackwell, vol. 40(6), pages 1053-1067, June.
    9. Ana Paula Ribeiro & Vitor Carvalho & Paula Santos, 2016. "Export-Led Growth in the EU: Where and What to Export?," The International Trade Journal, Taylor & Francis Journals, vol. 30(4), pages 319-344, August.
    10. Peñaranda Molina, Diego Andrés, 2021. "Determinantes de la diversificación de exportaciones en Sudamérica: un análisis con datos de panel," Documentos de trabajo 3/2021, Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana.
    11. Nouf Nasser Alsharif, 2017. "Three essays on growth and economic diversification in resource-rich countries," Economics PhD Theses 0317, Department of Economics, University of Sussex Business School.
    12. Daniel Goya, 2014. "The Multiple Impacts of the Exchange Rate on Export Diversification," Cambridge Working Papers in Economics 1436, Faculty of Economics, University of Cambridge.
    13. Rishav Bista & Brandon J. Sheridan, 2021. "Economic growth takeoffs and the extensive and intensive margins of trade," Review of Development Economics, Wiley Blackwell, vol. 25(3), pages 1373-1396, August.
    14. Volpe Martincus, Christian & Carballo, Jerónimo, 2010. "Beyond the average effects: The distributional impacts of export promotion programs in developing countries," Journal of Development Economics, Elsevier, vol. 92(2), pages 201-214, July.
    15. Estefani Prada Villamizar & Gustavo Garcia Cediel, 2016. "Concentración o diversificación exportadora por destinos: Un análisis a través del índice Herfindahl Hirschmann en Santander, Colombia," Revista Saber, Ciencia y Libertad, Universidad Libre - Sede Cartagena, vol. 11(2), pages 111-120, July.
    16. Oleksandr Shepotylo, 2009. "Export diversification across industries and space: do CIS countries diversify enough?," Discussion Papers 20, Kyiv School of Economics.
    17. Manuel Agosin & Claudio Bravo-Ortega, 2009. "Surgimiento de nuevas actividades de exportación en América Latina: el caso de Chile," Research Department Publications 3266, Inter-American Development Bank, Research Department.
    18. Jeffrey Frankel, 2014. "Mauritius: African Success Story," NBER Chapters, in: African Successes, Volume IV: Sustainable Growth, pages 295-342, National Bureau of Economic Research, Inc.
    19. Mikhail Y. Afanasyev & Alexander V. Kudrov, 2021. "Economic Complexity, Embedding Degree and Adjacent Diversity of the Regional Economies," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 17(2), pages 7-22.
    20. Jarreau, Joachim & Poncet, Sandra, 2012. "Export sophistication and economic growth: Evidence from China," Journal of Development Economics, Elsevier, vol. 97(2), pages 281-292.

    More about this item

    Keywords

    International trade dynamics; Export Diversification; Intensive and Extensive margins;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:44241. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.