Why export sophistication matters for growth ?. PRMED, November 6, 2007 J. Boccardo, V. Chandra, Y. Li and I. Osorio. Export diversification: what is it?. Different approach to study how countries can exploit exports as a greater source of growth (SOG) in income
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PRMED, November 6, 2007
J. Boccardo, V. Chandra, Y. Li and I. Osorio
Hi Tech (iPods)
Sophisticated Exports (Fish Fillet)
The Pattern of trade has changed:
Need a concept that explains this phenomenon.
For a country to have revealed comparative advantage in an export good it must have the right endowments and capabilities to produce that good and export it successfully.
RCA in Selected Developing Countries
Population in 2000
Source: Authors’ calculations using UN Comtrade Database
Source: Hausmann, Hwang and Rodrik (2005)
Netherlands: Cut flowers
USA and Canada: Fish fillet and Frozen Fish