Trade Structure and Growth

Lederman, Daniel; Maloney, William F.

Trade Structure and Growth

Autores

Lederman, Daniel

Maloney, William F.

Editor

World Bank, Washington, DC

Descripción

Lederman and Maloney examine the empirical relationships between trade structure and economic growth, particularly the influence of natural resource abundance, export concentration, and intra-industry trade. They test the robustness of these relationships across proxies, control variables, and estimation techniques. The authors find trade variables to be important determinants of growth, especially natural resource abundance and export concentration. In contrast with much of the recent literature, natural resource abundance appears to have a positive effect on growth, whereas export concentration hampers growth, even after controlling for physical and human capital accumulation, among other factors.

Palabras clave

AGRICULTURE, CAPITAL ACCUMULATION, CAPITAL MARKETS, COMPARATIVE ADVANTAGE, COMPETITIVENESS, CONVENTIONAL WISDOM, CONVERGENCE DEBATE, COUNTRY SPECIFIC, COUNTRY-SPECIFIC EFFECTS, CROSS- SECTIONAL DATA, DATA MODEL, DATA SET, DATA SETS, DEBT, DEPENDENT VARIABLE, DETERMINANTS OF GROWTH, DETERMINANTS OF TRADE, DEVELOPING COUNTRIES, DEVELOPMENT ECONOMICS, DYNAMIC PANEL, ECONOMETRICS, ECONOMIC ACTIVITY, ECONOMIC CONCENTRATION, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC REFORM, ECONOMIC RESEARCH, ECONOMIC REVIEW, ECONOMIC STUDIES, ECONOMICS RESEARCH, ECONOMIES OF SCALE, ECONOMISTS, EMPIRICAL WORK, EMPLOYMENT, EMPLOYMENT EQUATIONS, ENDOGENOUS VARIABLES, ESTIMATION TECHNIQUES, EXCHANGE RATE, EXPLANATORY VARIABLES, EXPORTS, FACTOR ACCUMULATION, FACTOR ENDOWMENTS, FACTORS OF PRODUCTION, FINANCIAL DEVELOPMENT, FIXED EFFECTS, FORECASTS, FORESTRY, GDP, GDP PER CAPITA, GROWTH CONTEXT, GROWTH DATA, GROWTH EMPIRICS, GROWTH LITERATURE, GROWTH MODELS, GROWTH PERFORMANCE, GROWTH RATES, GROWTH REGRESSIONS, GROWTH THEORY, HETEROSKEDASTICITY, HIGH GROWTH, HIGH INFLATION, HUMAN CAPITAL, IMPORTS, INCOME, INCOME LEVELS, INCOME PER CAPITA, INCREASING RETURNS, INTERNATIONAL TRADE, KNOWLEDGE ECONOMY, LABOR FORCE, LAGGED DEPENDENT, LAGGED LEVELS, LAGGED VALUES, LANDLOCKED COUNTRIES, LDCS, LOG INCOME, LONG RUN, LONG-RUN GROWTH, MACRO POLICIES, MACRO STABILITY, MACROECONOMIC FACTORS, MACROECONOMICS, MEASUREMENT ERROR, MONETARY ECONOMICS, MONOPOLISTIC COMPETITION, NATURAL RESOURCE ABUNDANCE, NATURAL RESOURCES, NEGATIVE CORRELATION, NEGATIVE EFFECT, NEGATIVE IMPACT, NEGATIVE RELATIONSHIP, NEOCLASSICAL THEORY, NET EXPORTS, POLICY INDICATORS, POLICY RESEARCH, POLITICAL ECONOMY, POSITIVE EFFECT, POSITIVE IMPACT, POSITIVE RELATIONSHIP, PRODUCT DIFFERENTIATION, PRODUCTIVITY, PRODUCTIVITY GROWTH, RANDOM WALK, REGRESSION TECHNIQUES, RESEARCH AGENDA, RESOURCE ENDOWMENTS, SENSITIVITY ANALYSIS, SERIAL CORRELATION, SIGNIFICANCE LEVEL, SIGNIFICANT IMPACT, STANDARD DEVIATION, TERMS OF TRADE, TOTAL FACTOR PRODUCTIVITY, TOTAL FACTOR PRODUCTIVITY GROWTH, TRADE OPENNESS, TRADE POLICY, UNDERDEVELOPED COUNTRIES, WEALTH, WORLD CONSUMPTION TRADE STRUCTURE, ECONOMIC GROWTH, NATURAL RESOURCE DEVELOPMENT, EXPORTS, TRADE, HUMAN CAPITAL, FINANCIAL DEVELOPMENT, PRODUCTIVITY GROWTH, DEVELOPING COUNTRIES, RAW MATERIALS, ECONOMIC CONCENTRATION, ENDOGENOUS VARIABLES, MACROECONOMICS, WORLD CONSUMPTION, TRADE STRUCTURE