Author : Ms. Natasha X Che
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.4/5 (2 download)
Book Synopsis High Performance Export Portfolio: Design Growth-Enhancing Export Structure with Machine Learning by : Ms. Natasha X Che
Download or read book High Performance Export Portfolio: Design Growth-Enhancing Export Structure with Machine Learning written by Ms. Natasha X Che and published by International Monetary Fund. This book was released on 2022-04-29 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the relationship between export structure and growth performance. We design an export recommendation system using a collaborative filtering algorithm based on countries' revealed comparative advantages. The system is used to produce export portfolio recommendations covering over 190 economies and over 30 years. We find that economies with their export structure more aligned with the recommended export structure achieve better growth performance, in terms of both higher GDP growth rate and lower growth volatility. These findings demonstrate that export structure matters for obtaining high and stable growth. Our recommendation system can serve as a practical tool for policymakers seeking actionable insights on their countries’ export potential and diversification strategies that may be complex and hard to quantify.