Diversification, Growth, and Volatility in Asia

dc.creatorPapageorgiou, Chris
dc.creatorSpatafora, Nikola
dc.creatorWang, Ke
dc.date2015-08-17T20:05:54Z
dc.date2015-08-17T20:05:54Z
dc.date2015-07
dc.date.accessioned2026-07-01T00:49:24Z
dc.descriptionEconomic development critically involves diversification and structural transformation—that is, the continued, dynamic reallocation of resources from less productive to more productive sectors and activities. This paper documents that, over an extended period, developing Asia has on average been particularly successful in diversifying its exports, particularly in comparison with Sub-Saharan Africa. Much of the progress has occurred through diversification along the ‘extensive margin,’ that is, through entry into completely new products. In addition, developing Asia has on average benefited significantly from quality upgrading, helping it capitalize on already existing comparative advantages. Yet, agricultural and natural resources tend to have lower potential for quality upgrading than manufactures. Therefore, for lower-income “frontier” countries, diversification into products with longer “quality ladders” may be a necessary first step before large gains from quality improvement can be reaped.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2015/07/24836521/diversification-growth-volatility-asia
dc.identifierhttps://hdl.handle.net/10986/22464
dc.identifierhttps://doi.org/10.1596/1813-9450-7380
dc.identifier.urihttp://hdl.handle.net/123456789/411549
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper;No. 7380
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectSTANDARD GROWTH DETERMINANTS
dc.subjectGROWTH RATES
dc.subjectOUTPUT VOLATILITY
dc.subjectEXPORT MARKETS
dc.subjectECONOMIC GROWTH
dc.subjectPRODUCTION
dc.subjectLOWERING BARRIERS
dc.subjectFOREIGN INVESTORS
dc.subjectINCOME
dc.subjectINDIVIDUAL COUNTRIES
dc.subjectCOUNTRY CASE
dc.subjectREAL GDP
dc.subjectEXCHANGE
dc.subjectGDP PER CAPITA
dc.subjectEXPORTS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING ECONOMIES
dc.subjectECONOMIC STRUCTURE
dc.subjectINTERNATIONAL LABOUR ORGANIZATION
dc.subjectINDUSTRIAL DEVELOPMENT
dc.subjectMARKET SHARES
dc.subjectNEW PRODUCTS
dc.subjectVARIABLES
dc.subjectPRODUCTION STRUCTURES
dc.subjectPRICE
dc.subjectINPUTS
dc.subjectEXTERNAL TRADE
dc.subjectFACTOR ENDOWMENTS
dc.subjectPOLICY MEASURES
dc.subjectDEVELOPMENT
dc.subjectCOMMUNICATIONS
dc.subjectMACROECONOMIC STABILITY
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectCONTRACT ENFORCEMENT
dc.subjectLOW-INCOME COUNTRIES
dc.subjectNEW PRODUCT
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectHIGH CONCENTRATION
dc.subjectRELATIVE IMPORTANCE
dc.subjectPRODUCTS
dc.subjectDEMOCRACY
dc.subjectMIDDLE-INCOME ECONOMIES
dc.subjectGLOBALIZATION
dc.subjectEMERGING MARKET
dc.subjectBARRIERS TO ENTRY
dc.subjectGROWTH DETERMINANTS
dc.subjectMARKETS
dc.subjectGROSS DOMESTIC PRODUCT PER CAPITA
dc.subjectINCOME LEVELS
dc.subjectIMPORTS
dc.subjectOUTPUT GROWTH
dc.subjectEXPORT DIVERSIFICATION
dc.subjectNATURAL RESOURCES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectSUBSIDIES
dc.subjectREAL ESTATE
dc.subjectLIBERALIZATION
dc.subjectECONOMIC RESEARCH
dc.subjectEXTERNAL FACTORS
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectEMERGING MARKETS
dc.subjectINVESTORS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectHUMAN CAPITAL
dc.subjectVALUE ADDED
dc.subjectCOUNTRY LEVEL
dc.subjectINTERNATIONAL TRADE
dc.subjectVOLATILITY
dc.subjectBARRIERS
dc.subjectEXTERNAL CONDITIONS
dc.subjectAGRICULTURAL EXPORTS
dc.subjectVALUE
dc.subjectGROWTH PROSPECTS
dc.subjectCREDIT
dc.subjectCOMPARATIVE ADVANTAGES
dc.subjectFOREIGN INVESTMENT
dc.subjectSUSTAINABLE GROWTH
dc.subjectECONOMY
dc.subjectCAPITAL NEEDS
dc.subjectAGRICULTURE
dc.subjectINCOMES
dc.subjectESTIMATED COEFFICIENTS
dc.subjectBORROWING COUNTRIES
dc.subjectSHARES
dc.subjectFOREIGN EXCHANGE
dc.subjectMIDDLE-INCOME COUNTRY
dc.subjectCOUNTRY DATA
dc.subjectECONOMICS
dc.subjectDIVERSIFICATION
dc.subjectOUTPUT
dc.subjectFIXED EFFECTS
dc.subjectGOVERNANCE
dc.subjectEXPOSURE
dc.subjectENFORCEMENT
dc.subjectDATA SETS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectTRADE
dc.subjectGDP
dc.subjectDOMESTIC PRICES
dc.subjectGOODS
dc.subjectLAND
dc.subjectDOMESTIC ECONOMY
dc.subjectGENERALIZED SYSTEM OF PREFERENCES
dc.subjectBILATERAL TRADE
dc.subjectINVESTMENT
dc.subjectGROWTH REGRESSIONS
dc.subjectNATURAL RESOURCE
dc.subjectSHARE
dc.subjectGROWTH REGRESSION
dc.subjectEXTERNAL SHOCKS
dc.subjectCROSS-COUNTRY ANALYSIS
dc.subjectWORLD TRADE
dc.subjectPOLICY RESEARCH
dc.subjectRAPID GROWTH
dc.subjectPOOR GOVERNANCE
dc.subjectCOMMODITIES
dc.subjectOIL EXPORTER
dc.subjectFOOD PROCESSING
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectPRICES
dc.subjectPRODUCTION COSTS
dc.subjectDEVELOPMENT POLICY
dc.subjectGROWTH
dc.titleDiversification, Growth, and Volatility in Asia
dc.typeWorking Paper
dc.typeDocument de travail
dc.typeDocumento de trabajo

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