Determinantes de la Diversificación Exportadora: Enfoque Bayesiano
Journal Title: REVISTA DE ANÁLISIS ECONÓMICO Y FINANCIERO - Year 2019, Vol 2, Issue 1
Abstract
Export diversification provides economies with various benefits such as promoting and stabilizing economic growth by reducing the volatility of export earnings and increasing productivity through positive intra- and inter-sectoral externalities. In this sense, it is relevant to be able to identify what enables the diversification of exports; however, given a disperse theoretical framework, this identification becomes an arduous task. Using the Bayesian Moving Average methodology, this document tries to discover which idiosyncratic factors of each country are relevant to explain greater export diversification in the long term. The results suggest that six elements are the most important for predicting export diversification. These elements are: i) income from natural resources, ii) population, iii) gross capital formation (capital stock), iv) secondary education, v) credit to the private sector, and vi) human capital. These results are in line with the results obtained in the literature.
Authors and Affiliations
Ricardo Najarro Chuchón, Cesar Salinas Depaz
Keywords
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- EP ID EP700752
- DOI https://doi.org/10.24265/raef.2019.v2n1.9
- Views 104
- Downloads 0
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