IDEAS home Printed from https://ideas.repec.org/a/idn/journl/v23y2020i3bp319-344.html
   My bibliography  Save this article

Does Export Diversification Lead To Income Convergence? Evidence From Cross-Country Analysis

Author

Listed:
  • Vaseem Akram

    (Indian Institute of Management Jammu)

  • Badri Narayan Rath

    (Indian Institute of Technology Hyderabad)

Abstract

In this study, we examine the role of export diversification in the convergence of per capita income (output). By applying the dynamic system Generalized Method of Moments (GMM) estimator to a panel dataset consisting of 95 countries, we find evidence of both absolute and conditional divergence for the full sample and the subsamples based on income and regions. Thus, our findings suggest that, although high export diversification boosts the per capita income (output), it does not significantly reduce per capita income (output) gap between rich and poor countries.

Suggested Citation

  • Vaseem Akram & Badri Narayan Rath, 2020. "Does Export Diversification Lead To Income Convergence? Evidence From Cross-Country Analysis," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 23(3), pages 319-344, October.
    • Handle: RePEc:idn:journl:v:23:y:2020:i:3b:p:319-344
    DOI: https://doi.org/10.21098/bemp.v23i3.1251
    as

    Download full text from publisher

    File URL: https://bulletin.bmeb-bi.org/cgi/viewcontent.cgi?article=1047&context=bmeb
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.21098/bemp.v23i3.1251?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rath, Badri Narayan & Panda, Bibhudutta & Akram, Vaseem, 2023. "Convergence and determinants of ICT development in case of emerging market economies," Telecommunications Policy, Elsevier, vol. 47(2).

    More about this item

    Keywords

    Export diversification; Economic growth; Conditional convergence;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idn:journl:v:23:y:2020:i:3b:p:319-344. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lutzardo Tobing or Jimmy Kathon (email available below). General contact details of provider: https://edirc.repec.org/data/bigovid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.