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  • 1
    UID:
    almafu_9958246537302883
    Format: 1 online resource (33 pages)
    Series Statement: Policy research working papers.
    Content: Economic development critically involves diversification and structural transformation-that is, the continued, dynamic reallocation of resources from less productive to more productive sectors and activities. This paper documents that, over an extended period, developing Asia has on average been particularly successful in diversifying its exports, particularly in comparison with Sub-Saharan Africa. Much of the progress has occurred through diversification along the 'extensive margin', that is, through entry into completely new products. In addition, developing Asia has on average benefited significantly from quality upgrading, helping it capitalize on already existing comparative advantages. Yet, agricultural and natural resources tend to have lower potential for quality upgrading than manufactures. Therefore, for lower-income "frontier" countries, diversification into products with longer "quality ladders" may be a necessary first step before large gains from quality improvement can be reaped.
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Volltext  (kostenfrei)
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  • 2
    UID:
    almafu_9958296079702883
    Format: 1 online resource (42 pages)
    Series Statement: Policy research working papers.
    Content: This paper develops new estimates of export quality, based on bilateral data, which are far more extensive than previous efforts. The data cover 166 countries and hundreds of products over 1962-2014. The analysis finds that quality upgrading is particularly rapid during the early stages of development. There is significant cross-country heterogeneity in the growth rate of quality. Within any given product line, quality converges over time to the world frontier. Institutional quality, liberal trade policies, foreign direct investment inflows, and human capital all promote quality upgrading, although their impacts vary across sectors. The results suggest that reducing barriers to entry into new sectors can allow economies to benefit from rapid quality convergence over time.
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Volltext  (kostenfrei)
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  • 3
    UID:
    almafu_BV026957494
    Format: 24 S.
    Series Statement: CESifo working papers 1907 : Category 5, Fiscal policy, macroeconomics and growth
    Note: Auch frei zugänglich über die URL: www.SSRN.com und www.CESifo.de
    Language: English
    Subjects: Economics
    RVK:
    Keywords: Wirtschaftswachstum ; Regressionsanalyse ; Bayes-Regel
    URL: Volltext  (kostenfrei)
    Author information: Papageorgiou, Chris
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  • 4
    Online Resource
    Online Resource
    Washington, D.C. :International Monetary Fund,
    UID:
    edocfu_9958090051702883
    Format: 1 online resource (35 p.)
    ISBN: 1-4843-8181-5 , 1-4843-7829-6 , 1-4843-9087-3
    Series Statement: IMF working paper ; WP/13/108
    Content: This paper develops new, far more extensive estimates of export quality, covering 178 countries and hundreds of products over 1962–2010. Quality upgrading is particularly rapid during the early stages of development, with quality convergence largely completed as a country reaches upper middle-income status. There is significant cross-country heterogeneity in quality growth rates. Within any given product line, quality converges both conditionally and unconditionally to the world frontier; increases in institutional quality and human capital are associated with faster quality upgrading. In turn, faster growth in quality is associated with more rapid output growth. The evidence suggests that quality upgrading is best encouraged through a broadly conducive domestic environment, rather than sector-specific policies. Diversification is important to create new upgrading opportunities.
    Note: Description based upon print version of record. , Cover; Contents; I. Introduction; II. Estimating Product Quality: Methodology and Data; III. Export Quality: Stylized Facts; A. Comparison of Quality Estimates with Unit Values; B. Export Quality over Time: Examples from Specific Sectors; C. Quality Ladders: Potential for Quality Upgrading; D. Export Quality Along the Development Path; E. Quality Upgrading by Income Group and Region; IV. Determinants of Quality Upgrading; V. Conclusion and Policy Implications; References; Table 1. Imports: Quality-Augmented Gravity Equations; Table 2. Quality Upgrading: Summary Statistics for Data , Table 3. Quality Upgrading: Panel Regressions, for All ProductsTable 4. Quality Upgrading: Panel Regressions, for Manufacturing Alone; Figure 1. Quality and Unit Values; Figure 2. Changes in Quality and Changes in Unit Values; Figure 3. Quality and Unit Values for Passenger Motor Cars Exports (SITC 7321); Figure 4. Quality and Unit Values for Apparel Exports (SITC 84); Figure 5. Quality Ladders; Figure 6. Quality, Unit Values, and GDP per capita; Figure 7. Quality in Agriculture and Manufacturing; Figure 8. Quality, Unit Values, and GDP per capita: Within-Country Variation , Figure 9. Export Quality by Income Group over TimeFigure 10. Quality Upgrading by Region; Figure 11. Country-level Heterogeneity in Quality Upgrading in Asia and Africa; Figure 12. Quality Upgrading and Destination Markets , English
    Additional Edition: ISBN 1-4843-5163-0
    Additional Edition: ISBN 1-299-66146-7
    Language: English
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  • 5
    Online Resource
    Online Resource
    [Washington, District of Columbia] :International Monetary Fund,
    UID:
    edoccha_9958124715302883
    Format: 1 online resource (38 pages) : , illustrations (some color), tables.
    Edition: 1st ed.
    ISBN: 1-4623-7900-1 , 1-4518-7043-4 , 9786612841361 , 1-4519-8930-X , 1-282-84136-X
    Series Statement: IMF working paper ;
    Content: We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction in inequality, financial globalization-and foreign direct investment in particular-is associated with an increase. A key finding is that both globalization and technological changes increase the returns on human capital, underscoring the importance of education and training in both developed and developing countries in addressing rising inequality.
    Note: Bibliographic Level Mode of Issuance: Monograph , Intro -- Contents -- I. Introduction -- II. A Look at Cross-Country Trends -- A. Income Inequality -- B. Trade Openness, Financial Openness and Technological Progress -- III. Empirical Analysis -- A. Specification -- B. Results -- C. Robustness -- IV. Discussion -- V. Conclusion -- Appendix I. Variable Definitions and Data Sources -- Appendix II. Income Country Groups and Estimation Sample -- References -- Tables -- 1. Income Inequality Panel Regressions -- 2. Quintile Income Shares Regressions -- 3. Income Inequality Panel Regressions (Regional Heterogeneity). -- Figures -- 1. Income Inequality Within Income Country Groups and Selected Countries -- 2. Income Shares Within Income Country Groups -- 3. Income by Quintile in Selected Regions -- 4. Trade Liberalization Within Income Country Groups. -- 5. Financial Liberalization Within Income Country Groups -- 6. Technological Development Within Income Country Groups -- 7. Decomposition of the Change in Income Inequality. , English
    Additional Edition: ISBN 1-4519-1496-2
    Language: English
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  • 6
    Online Resource
    Online Resource
    [Washington, District of Columbia] :International Monetary Fund,
    UID:
    almahu_9948319131302882
    Format: 1 online resource (38 pages) : , illustrations (some color), tables.
    Series Statement: IMF working paper ;
    Language: English
    Keywords: Electronic books.
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  • 7
    UID:
    edoccha_9958246537302883
    Format: 1 online resource (33 pages)
    Series Statement: Policy research working papers.
    Content: Economic development critically involves diversification and structural transformation-that is, the continued, dynamic reallocation of resources from less productive to more productive sectors and activities. This paper documents that, over an extended period, developing Asia has on average been particularly successful in diversifying its exports, particularly in comparison with Sub-Saharan Africa. Much of the progress has occurred through diversification along the 'extensive margin', that is, through entry into completely new products. In addition, developing Asia has on average benefited significantly from quality upgrading, helping it capitalize on already existing comparative advantages. Yet, agricultural and natural resources tend to have lower potential for quality upgrading than manufactures. Therefore, for lower-income "frontier" countries, diversification into products with longer "quality ladders" may be a necessary first step before large gains from quality improvement can be reaped.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 8
    UID:
    edocfu_9958246537302883
    Format: 1 online resource (33 pages)
    Series Statement: Policy research working papers.
    Content: Economic development critically involves diversification and structural transformation-that is, the continued, dynamic reallocation of resources from less productive to more productive sectors and activities. This paper documents that, over an extended period, developing Asia has on average been particularly successful in diversifying its exports, particularly in comparison with Sub-Saharan Africa. Much of the progress has occurred through diversification along the 'extensive margin', that is, through entry into completely new products. In addition, developing Asia has on average benefited significantly from quality upgrading, helping it capitalize on already existing comparative advantages. Yet, agricultural and natural resources tend to have lower potential for quality upgrading than manufactures. Therefore, for lower-income "frontier" countries, diversification into products with longer "quality ladders" may be a necessary first step before large gains from quality improvement can be reaped.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 9
    UID:
    gbv_845843575
    Format: Online-Ressource (29 p)
    Edition: Online-Ausg.
    ISBN: 1455205362 , 9781455205363
    Series Statement: IMF Working Papers Working Paper No. 10/205
    Content: This paper investigates the medium- and long-term growth effects of the global financial crises on Low-Income Countries (LICs). Using several methodological approaches, including impulse response function analysis, growth spells techniques and panel regressions, we show that external demand (ED) shocks are not historically associated with sharp declines in output growth. Given existing evidence that LICs were primarily impacted by such a shock in the global financial crisis, our analysis provides some optimism on the chances that LICs will avoid a protracted period of slow growth. However, we also show that there seem to be persistent output losses associated with ED shocks in the medium-run. In terms of policy implications, our analysis provides evidence that countries with lower deficits, lower debt, more flexible exchange rate regimes, and a higher stock of international reserves are more likely to dampen the effects of an ED shock on growth
    Additional Edition: Erscheint auch als Druck-Ausgabe Papageorgiou, Chris The End of An Era? the Medium- and Long-Term Effects of the Global Crisison Growth in Low-Income Countries Washington, D.C. : International Monetary Fund, 2010 ISBN 9781455205363
    Language: English
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  • 10
    UID:
    gbv_845882341
    Format: Online-Ressource (30 p)
    Edition: Online-Ausg.
    ISBN: 1451869282 , 9781451869286
    Series Statement: IMF Working Papers Working Paper No. 08/66
    Content: Trade theories covering Preferential Trade Agreements (PTAs) are as diverse as the literature in search of their empirical support. To account for the model uncertainty that surrounds the validity of the competing PTA theories, we introduce Bayesian Model Averaging (BMA) to the PTA literature. BMA minimizes the sum of Type I and Type II error, the mean squared error, and generates predictive distributions with optimal predictive performance. Once model uncertainty is addressed as part of the empirical strategy, we report clear evidence of Trade Creation, Trade Diversion, and Open Bloc effects. After controlling for natural trading partner effects, Trade Creation is weaker - except for the EU. To calculate the actual effects of PTAs on trade flows we show that the analysis must be comprehensive: it must control for Trade Creation and Diversion as well as all possible PTAs. Several prominent control variables are also shown to be robustly related to Trade Creation; they relate to factor endowments and economic policy
    Additional Edition: Erscheint auch als Druck-Ausgabe Papageorgiou, Chris Trade Creation and Diversion Revisited: Accounting for Model Uncertainty and Natural Trading Partner Effects Washington, D.C. : International Monetary Fund, 2008 ISBN 9781451869286
    Language: English
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