Market Potential and Development : A Background Paper for the World Development Report

Evidence on the long-term impact of market potential on economic development is examined. The paper derives a structural estimation based on the New Economic Geography literature where the level of factors income of a country is related to its export capacity. It evaluates this market potential at t...

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Bibliographic Details
Main Author:	Mayer, Thierry
Language:	English
Published:	Washington, DC: World Bank 2012
Subjects:	World Development Report 2009
Online Access:	http://hdl.handle.net/10986/9166

id	okr-10986-9166
recordtype	oai_dc
spelling	okr-10986-91662021-04-23T14:02:44Z Market Potential and Development : A Background Paper for the World Development Report Mayer, Thierry World Development Report 2009 Evidence on the long-term impact of market potential on economic development is examined. The paper derives a structural estimation based on the New Economic Geography literature where the level of factors income of a country is related to its export capacity. It evaluates this market potential at the aggregate and industry levels for all countries in the world with available trade data over the 1960-2003 period and relates it to income per capita. Overall results show that market potential is a powerful driver of increases in income per capita and average wages. 2012-06-26T15:40:07Z 2012-06-26T15:40:07Z 2009 http://hdl.handle.net/10986/9166 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Europe and Central Asia Latin America & Caribbean East Asia and Pacific
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	World Development Report 2009
spellingShingle	World Development Report 2009 Mayer, Thierry Market Potential and Development : A Background Paper for the World Development Report
geographic_facet	Europe and Central Asia Latin America & Caribbean East Asia and Pacific
description	Evidence on the long-term impact of market potential on economic development is examined. The paper derives a structural estimation based on the New Economic Geography literature where the level of factors income of a country is related to its export capacity. It evaluates this market potential at the aggregate and industry levels for all countries in the world with available trade data over the 1960-2003 period and relates it to income per capita. Overall results show that market potential is a powerful driver of increases in income per capita and average wages.
author	Mayer, Thierry
author_facet	Mayer, Thierry
author_sort	Mayer, Thierry
title	Market Potential and Development : A Background Paper for the World Development Report
title_short	Market Potential and Development : A Background Paper for the World Development Report
title_full	Market Potential and Development : A Background Paper for the World Development Report
title_fullStr	Market Potential and Development : A Background Paper for the World Development Report
title_full_unstemmed	Market Potential and Development : A Background Paper for the World Development Report
title_sort	market potential and development : a background paper for the world development report
publisher	Washington, DC: World Bank
publishDate	2012
url	http://hdl.handle.net/10986/9166
_version_	1764408713070772224

Market Potential and Development : A Background Paper for the World Development Report

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