1 option
Proximity and Horizontal Policies: The Backbone of Export Diversification / Gonzalo Salinas.
- Format:
- Book
- Government document
- Author/Creator:
- Salinas, Gonzalo.
- Series:
- IMF Working Papers; Working Paper ; No. 2021/064
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (45 pages)
- Other Title:
- Proximity and Horizontal Policies
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2021.
- Summary:
- The lack of a clear link between general economic fundamentals and export diversification indicators in the literature has fueled the believe that industrial policies are an absolute requisite to diversify exports. This paper, however, does find a strong statistical connection between horizontal policies and diversification by making two novel changes to traditional methodologies: using export categories that lead to diversification (for example, manufactures) as dependent variables, and using a gravity-equation regression setting. Proximity to other economies explains about a third of cross-country heterogeneity in targeted exports, and four fifths together with horizontal policies. Australia, Chile, and New Zealand emerge as new role models for diversification policies.
- Notes:
- Description based on print version record.
- ISBN:
- 9781513575377
- 1513575376
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.