IDEAS home Printed from https://ideas.repec.org/p/anc/wpaper/305.html
   My bibliography  Save this paper

Specialize Rightly or Decline

Author

Listed:
  • Alessia LO TURCO

    (Universita' Politecnica delle Marche, Dipartimento di Economia)

  • Massimo TAMBERI

    (Universita' Politecnica delle Marche, Dipartimento di Economia)

Abstract

Is exporting potato chips really the same than exporting microchips? Is the rate of economic growth independent on the export structure? Is moving toward dynamic sectors a key for economic growth? Our purpose is to determine whether and how the sectoral composition of exports aects countries growth. Dierently from Hausmann, Hwang and Rodrik (2006), we measure the nature of specialization as the average human capital content of countries' exports and we also propose the average world demand growth as an indicator to test whether demand apart from supply is relevant to growth. We finally test all these indexes in a panel data model of growth determinants finding a positive and significant relation between growth and the average skill content of countries' exports: a 1% increase in the average share of the human capital contained in exports causes the steady state real GDP per worker to grow of about 2%. Finally, there is slight evidence that moving towards export structures focused on moredynamic goods in terms of world demand growth helps growth too.

Suggested Citation

  • Alessia LO TURCO & Massimo TAMBERI, 2007. "Specialize Rightly or Decline," Working Papers 305, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    • Handle: RePEc:anc:wpaper:305
    as

    Download full text from publisher

    File URL: http://docs.dises.univpm.it/web/quaderni/pdf/305.pdf
    File Function: First version, 2007
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

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


    Cited by:

    1. Fabio FIORILLO & Agnese SACCHI, 2010. "I Want to Free-ride. An Opportunistic View on Decentralization Versus Centralization Problem," Working Papers 346, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    2. Ugo FRATESI, 2010. "The National and International Effects;of Regional Policy Choices: Agglomeration Economies, Peripherality and Territorial Characteristics," Working Papers 344, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    3. Luca RICCETTI, 2010. "Minimum Tracking Error Volatility," Working Papers 340, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    4. Luca RICCETTI, 2011. "A Copula-GARCH Model for Macro Asset Allocation of a Portfolio with Commodities: an Out-of-Sample Analysis," Working Papers 355, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.

    More about this item

    Keywords

    economic growth; panel data; specialization;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:anc:wpaper:305. 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: Maurizio Mariotti (email available below). General contact details of provider: https://edirc.repec.org/data/deancit.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.