Watching More Than The Discovery Channel Export Cycles And Diversification In Development
Watching More Than The Discovery Channel: Export Cycles And Diversification In Development

This paper examines the export performance of 99 countries over 1995-2004 to understand the relative roles of export growth through "discovery" of new products and growth during post-discovery phases of the export product cycle -- acceleration and maturation -- in existing markets and expa...

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Bibliographische Detailangaben
1. Verfasser: Brenton, Paul (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 2007
Schlagworte:
Barriers to entry
Debt Markets
Economic Theory and Research
Emerging Markets
Export market
Export markets
Finance and Financial Sector Development
Free Trade
International Economics & Trade
International Trade
Macroeconomics and Economic Growth
Market failure
Market failures
Market penetration
Market share
Markets and Market Access
Potential demand
Private Sector Development
Volatility
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Zusammenfassung:This paper examines the export performance of 99 countries over 1995-2004 to understand the relative roles of export growth through "discovery" of new products and growth during post-discovery phases of the export product cycle -- acceleration and maturation -- in existing markets and expansion into new geographic markets. The authors find that expanding existing products in existing markets (growth at the intensive margin) has greater weight in export growth than diversification into new products and new geographic markets (growth at the extensive margin). Moreover, growth into new geographic markets appears to be more important than discovery of new export products in explaining export growth. Of particular importance is whether an exporting country succeeds in reaching more national markets that are already importing the product it makes. This geographic index of market penetration is a powerful explanatory variable of export performance. This suggests that governments should not focus solely or even primarily on the discovery channel, but also seek to identify and address market failures that are constraining exporters in subsequent phases of the export cycle
Beschreibung:1 Online-Ressource (1 online resource (32 p.))
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