Did Export Diversification Soften the Impact of the Global Financial Crisis?:
This study considers the role of export diversification in determining trade outcomes during the global financial crisis. The impact of export diversification (or concentration) is measured by assessing three different dimensions of specialization. First, concentration by geographic destination is c...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2011
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| Schriftenreihe: | IMF Working Papers
Working Paper No. 11/99 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This study considers the role of export diversification in determining trade outcomes during the global financial crisis. The impact of export diversification (or concentration) is measured by assessing three different dimensions of specialization. First, concentration by geographic destination is considered; that is, whether the bulk of exports from a country go to many or few trading partners. Second, industry/sectoral concentration is considered; that is, whether a country's exports are scattered across many industries and sectors, or concentrated in just a few. Third, product concentration is considered; that is, whether countries produce many products within their export sectors or just a few. The workhorse gravity trade model is adapted with trade diversification as an additional trade cost, and the model solution is empirically tested on a dataset containing over 500 thousand observations for Latin America. Industry and product concentration are found to significantly affect the resilience of Latin American countries' trade during the global financial crisis - increasing the diversity of both export sectors and export products within sectors by one standard deviation reduces the quarterly decline in exports by approximately 4.7 percent. Diversifying exports across many different trading partners is not found to significantly affect outcomes |
| Beschreibung: | 1 Online-Ressource (23 p) |
| ISBN: | 1455254304 9781455254309 |
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| index_date | 2024-07-03T20:13:24Z |
| indexdate | 2024-07-10T09:35:32Z |
| institution | BVB |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Romeu, Rafael Verfasser aut Did Export Diversification Soften the Impact of the Global Financial Crisis? Romeu, Rafael Washington, D.C International Monetary Fund 2011 1 Online-Ressource (23 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/99 This study considers the role of export diversification in determining trade outcomes during the global financial crisis. The impact of export diversification (or concentration) is measured by assessing three different dimensions of specialization. First, concentration by geographic destination is considered; that is, whether the bulk of exports from a country go to many or few trading partners. Second, industry/sectoral concentration is considered; that is, whether a country's exports are scattered across many industries and sectors, or concentrated in just a few. Third, product concentration is considered; that is, whether countries produce many products within their export sectors or just a few. The workhorse gravity trade model is adapted with trade diversification as an additional trade cost, and the model solution is empirically tested on a dataset containing over 500 thousand observations for Latin America. Industry and product concentration are found to significantly affect the resilience of Latin American countries' trade during the global financial crisis - increasing the diversity of both export sectors and export products within sectors by one standard deviation reduces the quarterly decline in exports by approximately 4.7 percent. Diversifying exports across many different trading partners is not found to significantly affect outcomes Online-Ausg Costa Neto, Nelson Camanho da Sonstige oth http://elibrary.imf.org/view/IMF001/11796-9781455254309/11796-9781455254309/11796-9781455254309.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Romeu, Rafael Did Export Diversification Soften the Impact of the Global Financial Crisis? |
| title | Did Export Diversification Soften the Impact of the Global Financial Crisis? |
| title_auth | Did Export Diversification Soften the Impact of the Global Financial Crisis? |
| title_exact_search | Did Export Diversification Soften the Impact of the Global Financial Crisis? |
| title_exact_search_txtP | Did Export Diversification Soften the Impact of the Global Financial Crisis? |
| title_full | Did Export Diversification Soften the Impact of the Global Financial Crisis? Romeu, Rafael |
| title_fullStr | Did Export Diversification Soften the Impact of the Global Financial Crisis? Romeu, Rafael |
| title_full_unstemmed | Did Export Diversification Soften the Impact of the Global Financial Crisis? Romeu, Rafael |
| title_short | Did Export Diversification Soften the Impact of the Global Financial Crisis? |
| title_sort | did export diversification soften the impact of the global financial crisis |
| url | http://elibrary.imf.org/view/IMF001/11796-9781455254309/11796-9781455254309/11796-9781455254309.xml |
| work_keys_str_mv | AT romeurafael didexportdiversificationsoftentheimpactoftheglobalfinancialcrisis AT costanetonelsoncamanhoda didexportdiversificationsoftentheimpactoftheglobalfinancialcrisis |