Determinantes de la diversificación exportadora: Enfoque bayesiano

Translated title of the contribution: Determinants of export diversification: A Bayesian approach

Cesar Salinas Depaz, Wilder Pérez Cóndor, Ricardo Najarro Chuchón

Research output: Contribution to journalArticle in a journalpeer-review

Abstract

Several benefits to the economy are provided by export diversification such as the promotion and stabilization of economic growth by reducing the volatility of export earnings and increasing productivity through positive externalities at the intra- and inter-sectorial levels. Therefore is important to identify what makes the diversification of exports possible. Thus, in this document, using the Bayesian Moving Average methodology tries to discover which idiosyncratic factors of each country are relevant to explain a greater export diversification in the long term. The results suggest that six elements are the most important to explain export diversification. These elements are: i) natural resources income, ii) population, iii) gross fixed capital formation (capital stock), iv) secondary education, v) financing to the private sector and vi) human capital. These results are in line with the results obtained in the literature.
Translated title of the contributionDeterminants of export diversification: A Bayesian approach
Original languageSpanish
Pages (from-to)23-35
Journal Análisis Económico y Financiero
Volume1
Issue number2
StatePublished - 2019

Keywords

  • Export diversification
  • Economic growth
  • Bayesian Moving Average Approach

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