Article Title
DOES EXPORT DIVERSIFICATION LEAD TO INCOME CONVERGENCE? EVIDENCE FROM CROSS-COUNTRY ANALYSIS
Document Type
Article
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.
Recommended Citation
Akram, Vaseem and Rath, Badri Narayan
(2020)
"DOES EXPORT DIVERSIFICATION LEAD TO INCOME CONVERGENCE? EVIDENCE FROM CROSS-COUNTRY ANALYSIS,"
Bulletin of Monetary Economics and Banking: Vol. 23:
No.
3, Article 4.
DOI: https://doi.org/10.21098/bemp.v23i3.1251
Available at:
https://bulletin.bmeb-bi.org/bmeb/vol23/iss3/4
First Page
319
Last Page
346