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Understanding Export Diversification Key Drivers and Policy Implications Book PDF Summary

We identify key factors, from large set of potential determinants, that explain the variation in export diversification across countries and over time using Bayesian Model Averaging (BMA), which addresses model uncertainty and ranks factors in order of importance vis-a-vis their explanatory power. Our analysis suggests, in order to diversify, policy makers should prioritize human capital accumulation and reduce barriers to trade. Other policy areas include improving quality of institutions and developing the financial sector. For commodity exporters reducing barriers to trade is the most important driver of diversification, followed by improving education outcomes at the secondary level and financial sector development.

Detail Book of Understanding Export Diversification Key Drivers and Policy Implications PDF

Understanding Export Diversification  Key Drivers and Policy Implications
  • Author : Rahul Giri
  • Release : 10 May 2019
  • Publisher : International Monetary Fund
  • ISBN : 9781498313087
  • Genre : Business & Economics
  • Total Page : 29 pages
  • Language : English
  • PDF File Size : 7,7 Mb

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