Export Structure Upgrading and Economic Growth in the Western Balkan Countries
| Autor: | Maite Alguacil, Bojan Shimbov, Celestino Suárez |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
WESTERN BALKANS
050208 finance International production networks Panel data models 05 social sciences FDI FOREIGN DIRECT INVESTMENT International economics Foreign direct investment Western Balkan countries EXPORT COMPETITIVENESS 0502 economics and business GLOBAL VALUE CHAINS Business 050207 economics General Economics Econometrics and Finance Finance Export sophistication Economic growth |
| Zdroj: | Repositori Universitat Jaume I Universitat Jaume I BASE-Bielefeld Academic Search Engine |
| Popis: | In this paper, we seek to analyze the impact that the ability to produce more sophisticated goods has on the economic performance of the Western Balkan region and to determine the factors fostering this process. To do so, we elaborate an export sophistication index, à la Hausmann. The outcomes obtained show that export sophistication has a positive and significant effect on growth in these economies. Additionally, we found that this process is driven more by the sophistication in medium-skill and technology-intensive manufactures goods rather than through sophistication in high-skill goods. Our findings also confirm that a greater participation in international production networks and a better institutional environment stimulates the upgrading of exports, and the subsequent economic growth of these economies. |
| Databáze: | OpenAIRE |
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