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Agricultural Export Diversification in Latin America and the Caribbean

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  • Taylor, Timothy G.
  • Francis, Brian

Abstract

Agriculture, in general, and agricultural exports in particular, have long been critical to economic growth and development in Latin America and the Caribbean (LAC). Despite the importance of agriculture to the region and the vast amount of resources devoted to the promotion of agricultural export diversification in LAC, there has been virtually no research undertaken to assess the degree to which the agricultural export structures in LAC countries have in fact diversified. Using disaggregate data on agricultural exports over the 1961-2000 period for 10 LAC countries, entropy-based measures of diversification are computed and analyzed. The empirical results show that the post-1985 period has witnessed some degree of agricultural export diversification in LAC. However, the results are mixed particularly for the smaller Organization of Eastern Caribbean Countries.

Suggested Citation

  • Taylor, Timothy G. & Francis, Brian, 2003. "Agricultural Export Diversification in Latin America and the Caribbean," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 35(Supplemen), pages 1-11.
    • Handle: RePEc:ags:joaaec:43284
    DOI: 10.22004/ag.econ.43284
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    References listed on IDEAS

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    4. Denise Stanley & Sirima Bunnag, 2001. "A new look at the benefits of diversification: lessons from Central America," Applied Economics, Taylor & Francis Journals, vol. 33(11), pages 1369-1383.
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    6. Spoor, Max, 2000. "Two decades of adjustment and agricultural development in Latin America and the Caribbean," Desarrollo Productivo 4467, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    7. Krishna Palepu, 1985. "Diversification strategy, profit performance and the entropy measure," Strategic Management Journal, Wiley Blackwell, vol. 6(3), pages 239-255, July.
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    Cited by:

    1. Weber, Regine & Bubbico, Antonio & Morales Opazo, Cristian, 2022. "Diversification perspectives of Guyana’s agrifood sector," ESA Working Papers 324078, Food and Agriculture Organization of the United Nations, Agricultural Development Economics Division (ESA).
    2. Diadié Diaw & Albert Lessoua, 2013. "Natural Resources Exports, Diversification and Economic Growth of CEMAC Countries: On the Impact of Trade with China," African Development Review, African Development Bank, vol. 25(2), pages 189-202, June.

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