Export Diversification in Twelve European and Central Asian Countries and the Role of the Commodity Boom
This paper examines export diversification along the product and market dimensions for selected countries in the Europe and Central Asia region and, more generally, export performance. While the latter is extraordinary, with average export growth r...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/06/17791351/ http://hdl.handle.net/10986/15604 |
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okr-10986-156042021-04-23T14:03:19Z Export Diversification in Twelve European and Central Asian Countries and the Role of the Commodity Boom Varela, Gonzalo J. BENCHMARK BENCHMARKING COMMODITY PRICE COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVENESS DEVELOPMENT POLICY DIVERSIFICATION ECONOMIC SIZE EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORTS GAS GDP GDP PER CAPITA GROWTH RATE HIGH LEVELS INTERNATIONAL TRADE IRON MANGANESE MARKET SHARE NATURAL RESOURCES NET EXPORTS POLITICAL ECONOMY PRICE EFFECT PRICE LEVELS TRADE COMPETITIVENESS VOLATILITY WORLD MARKET This paper examines export diversification along the product and market dimensions for selected countries in the Europe and Central Asia region and, more generally, export performance. While the latter is extraordinary, with average export growth rates above 10 percent, the evidence on diversification is less impressive, and hints at a role played by the interaction of natural resource abundance and the commodity price boom. A cross-country analysis including 171 economies suggests that the region's resource rich countries are less diversified than would be expected given their resource endowments, level of development, and size. The commodity boom period was associated with an increase in concentration for the resource rich along the product dimension: they did not increase the number of products exported and became more reliant on oil and gas. During the same period, the resource poor increased their export product scope while maintaining other concentration indices unchanged. A similar but milder pattern is found for diversification along the destination dimension. 2013-09-04T19:10:16Z 2013-09-04T19:10:16Z 2013-06 http://documents.worldbank.org/curated/en/2013/06/17791351/ http://hdl.handle.net/10986/15604 English en_US Policy Research Working Paper;No. 6472 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Central Asia Europe and Central Asia Eastern Europe |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BENCHMARK BENCHMARKING COMMODITY PRICE COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVENESS DEVELOPMENT POLICY DIVERSIFICATION ECONOMIC SIZE EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORTS GAS GDP GDP PER CAPITA GROWTH RATE HIGH LEVELS INTERNATIONAL TRADE IRON MANGANESE MARKET SHARE NATURAL RESOURCES NET EXPORTS POLITICAL ECONOMY PRICE EFFECT PRICE LEVELS TRADE COMPETITIVENESS VOLATILITY WORLD MARKET |
| spellingShingle |
BENCHMARK BENCHMARKING COMMODITY PRICE COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVENESS DEVELOPMENT POLICY DIVERSIFICATION ECONOMIC SIZE EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORTS GAS GDP GDP PER CAPITA GROWTH RATE HIGH LEVELS INTERNATIONAL TRADE IRON MANGANESE MARKET SHARE NATURAL RESOURCES NET EXPORTS POLITICAL ECONOMY PRICE EFFECT PRICE LEVELS TRADE COMPETITIVENESS VOLATILITY WORLD MARKET Varela, Gonzalo J. Export Diversification in Twelve European and Central Asian Countries and the Role of the Commodity Boom |
| geographic_facet |
Europe and Central Asia Central Asia Europe and Central Asia Eastern Europe |
| relation |
Policy Research Working Paper;No. 6472 |
| description |
This paper examines export
diversification along the product and market dimensions for
selected countries in the Europe and Central Asia region
and, more generally, export performance. While the latter is
extraordinary, with average export growth rates above 10
percent, the evidence on diversification is less impressive,
and hints at a role played by the interaction of natural
resource abundance and the commodity price boom. A
cross-country analysis including 171 economies suggests that
the region's resource rich countries are less
diversified than would be expected given their resource
endowments, level of development, and size. The commodity
boom period was associated with an increase in concentration
for the resource rich along the product dimension: they did
not increase the number of products exported and became more
reliant on oil and gas. During the same period, the resource
poor increased their export product scope while maintaining
other concentration indices unchanged. A similar but milder
pattern is found for diversification along the destination dimension. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Varela, Gonzalo J. |
| author_facet |
Varela, Gonzalo J. |
| author_sort |
Varela, Gonzalo J. |
| title |
Export Diversification in Twelve European and Central Asian Countries and the Role of the Commodity Boom |
| title_short |
Export Diversification in Twelve European and Central Asian Countries and the Role of the Commodity Boom |
| title_full |
Export Diversification in Twelve European and Central Asian Countries and the Role of the Commodity Boom |
| title_fullStr |
Export Diversification in Twelve European and Central Asian Countries and the Role of the Commodity Boom |
| title_full_unstemmed |
Export Diversification in Twelve European and Central Asian Countries and the Role of the Commodity Boom |
| title_sort |
export diversification in twelve european and central asian countries and the role of the commodity boom |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/06/17791351/ http://hdl.handle.net/10986/15604 |
| _version_ |
1764429579934498816 |