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Why Exports Really Matter
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Author :J. David Richardson Publisher :Peterson Institute for International Economics ISBN 13 : Total Pages :44 pages Book Rating :4.:/5 (318 download)
Book Synopsis Why Exports Really Matter! by : J. David Richardson
Download or read book Why Exports Really Matter! written by J. David Richardson and published by Peterson Institute for International Economics. This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first part of this two-part study assesses the performance of US firms, plants, and workers engaged in export activity, compared with their nonexporting counterparts. It summarizes new statistical evidence, with case studies, on how exports have more value to more people than appreciated.
Author :J. David Richardson Publisher :Peterson Institute for International Economics ISBN 13 : Total Pages :48 pages Book Rating :4.:/5 (318 download)
Book Synopsis Why Exports Matter by : J. David Richardson
Download or read book Why Exports Matter written by J. David Richardson and published by Peterson Institute for International Economics. This book was released on 1996 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second part of this two-part study documents the superior performance of export plants and firms, as well as their workers in all skill categories, relying on data from 1992 through 1995. Among new findings are stronger and more stable employment growth for exporters.
Book Synopsis Does What You Export Matter? by : Daniel Lederman
Download or read book Does What You Export Matter? written by Daniel Lederman and published by World Bank Publications. This book was released on 2012-06-18 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products that only incidentally favor some sectors over others.
Book Synopsis A Basic Guide to Exporting by : Jason Katzman
Download or read book A Basic Guide to Exporting written by Jason Katzman and published by Skyhorse Publishing Inc.. This book was released on 2011-03-23 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here is practical advice for anyone who wants to build their business by selling overseas. The International Trade Administration covers key topics such as marketing, legal issues, customs, and more. With real-life examples and a full index, A Basic Guide to Exporting provides expert advice and practical solutions to meet all of your exporting needs.
Author :United States. Congress. House. Committee on Small Business. Subcommittee on Taxation and Finance Publisher : ISBN 13 : Total Pages :176 pages Book Rating :4.3/5 (121 download)
Book Synopsis Why Exports Matter by : United States. Congress. House. Committee on Small Business. Subcommittee on Taxation and Finance
Download or read book Why Exports Matter written by United States. Congress. House. Committee on Small Business. Subcommittee on Taxation and Finance and published by . This book was released on 1997 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :J. David Richardson Publisher :Peterson Inst for International Economics ISBN 13 :9780881322385 Total Pages : pages Book Rating :4.3/5 (223 download)
Book Synopsis Why Exports Matter More! by : J. David Richardson
Download or read book Why Exports Matter More! written by J. David Richardson and published by Peterson Inst for International Economics. This book was released on 1995-12-31 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study appears in two parts, both of which are featured in this set. The authors assess questions such as whether export commitments cause superior performance or whetehr the two factors are merely correlated, and whether imports and outsourcing are offset to the findings about exports.
Book Synopsis Exports, Inflation, and Growth by : Thorvaldur Gylfason
Download or read book Exports, Inflation, and Growth written by Thorvaldur Gylfason and published by International Monetary Fund. This book was released on 1997-09-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper identifies some of the main determinants of exports and economic growth in cross-sectional data from the World Bank, covering 160 countries in the period 1985-1994. First, the linkages between the propensity to export and population, per capita income, agriculture, primary exports, and inflation are studied by statistical methods. Then, the relationship between economic growth and some of the above-mentioned determinants of exports and investment are scrutinized the same way. The main conclusion is that, in the period under review, high inflation and an abundance of natural resources tended to be associated with low exports and slow growth.
Book Synopsis Changing Patterns of Global Trade by : Nagwa Riad
Download or read book Changing Patterns of Global Trade written by Nagwa Riad and published by International Monetary Fund. This book was released on 2012-01-15 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.
Book Synopsis Value Added Exports and U.S. Local Labor Markets by : Leilei Shen
Download or read book Value Added Exports and U.S. Local Labor Markets written by Leilei Shen and published by . This book was released on 2014 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring the effects of international trade on labor market outcomes has never been more important given the increasing interconnections among economies around the globe. However, using measures of exposure to trade flows based on gross exports may lead to a misleading picture given that production processes have essentially become globalized, allowing firms to have access to imported inputs as an example. We consider the effects of international trade by building a model with firm heterogeneity where firms have the ability to offshore the production of inputs. Our model highlights that international trade offers an opportunity for firms to become more productive by engaging in off-shoring activities while they face competition from imports of final goods in the domestic market. We then construct a measure of U.S. exposure to Chinese goods using value added trade to analyze its effects on U.S. local labor markets. Using value added trade, we find that continuously rising exports from China to the U.S. do not have significant effects on employment and wages. We further decompose the measure of exposure into value added trade in intermediate and in final goods. In line with the theoretical framework, we find that an increase in value added exports from China in final goods leads to a decrease in employment across U.S. local labor markets, while the effects from a change in the exposure to trade in intermediate goods are not significant.
Book Synopsis Does Export Upgrading Really Matter to Economic Growth? Evidence From Panel Data for High-, Middle-, and Low-Income Countries by : Mohamed Chakroun
Download or read book Does Export Upgrading Really Matter to Economic Growth? Evidence From Panel Data for High-, Middle-, and Low-Income Countries written by Mohamed Chakroun and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main objective of this study is to examine the long-run relationship between export upgrading and economic growth for 67 countries over the period of 1984-2013. For this purpose, a panel cointegration framework that allows to control for parameters heterogeneity, cross-sectional dependence and non-stationarity has been deployed. Empirical results yield evidence of a positive and significant effect of export upgrading on economic growth for the full-sample and high-income panels, while this effect is negative and significant for low-income countries and insignificant for middle-income countries. Particularly, our findings show evidence of an inverted U-shaped relationship for the global and high-income panels. However, for low-income countries relationship between export complexity and economic growth was found to be U-shaped. These results are robust to several robustness checks and have important policy implications. In developed countries, excessive export complexity may be job-destructive and thereby threatens long-run growth and prosperity. For non-developed countries, exports diversification should be prioritized during the first stages of development. Industrial upgrading should not be considered as a strategic economic policy before the economy reaches a minimum level of maturity.
Book Synopsis What You Export Matters by : Martin Grancay
Download or read book What You Export Matters written by Martin Grancay and published by . This book was released on 2015 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2007, Hausmann, Hwang and Rodrik (HHR) demonstrated that export specialization patterns have important implications for economic growth. The authors developed an indicator of income level linked to the country's exports they called EXPY and showed that higher values of the indicator lead to higher subsequent economic growth. The present paper tests whether HHR's conclusions are valid even in times of economic crisis and rising prices of primary commodities, using data from 2004-2013. We show that, in the aggregate, higher values of EXPY are connected with faster economic growth. However, the relationship is much more statistically significant in countries that focus heavily on exporting primary commodities than in other countries. This implies that the rising prices of primary commodities in the last decade have altered the traditional link between export sophistication and economic growth. As a result, we argue that EXPY is not a good predictor of future economic performance when the prices of primary commodities are unstable. Policy makers must be aware that, while what countries export is important, it is equally important when they export it: in times of stable prices of primary commodities, a focus on the export of sophisticated goods generates higher economic growth in the future. In times of rising prices of primary commodities, however, the effects can be exactly the opposite.
Book Synopsis Exporting Through Intermediaries: Impact on Export Dynamics and Welfare by : Parisa Kamali
Download or read book Exporting Through Intermediaries: Impact on Export Dynamics and Welfare written by Parisa Kamali and published by International Monetary Fund. This book was released on 2019-12-27 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many countries, a sizable share of international trade is carried out by intermediaries. While large firms tend to export to foreign markets directly, smaller firms typically export via intermediaries (indirect exporting). I document a set of facts that characterize the dynamic nature of indirect exporting using firm-level data from Vietnam and develop a dynamic trade model with both direct and indirect exporting modes and customer accumulation. The model is calibrated to match the dynamic moments of the data. The calibration yields fixed costs of indirect exporting that are less than a third of those of direct exporting, the variable costs of indirect exporting are twice higher, and demand for the indirectly exported products grows more slowly. Decomposing the gains from indirect and direct exporting, I find that 18 percent of the gains from trade in Vietnam are generated by indirect exporters. Finally, I demonstrate that a dynamic model that excludes the indirect exporting channel will overstate the welfare gains associated with trade liberalization by a factor of two.
Download or read book Make in India written by Rahul Anand and published by International Monetary Fund. This book was released on 2015-05-29 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural transformation depends not only on how much countries export but also on what they export and with whom they trade. This paper breaks new ground in analyzing India’s exports by the technological content, quality, sophistication, and complexity of the export basket. We identify five priority areas for policies: (1) reduction of trade costs, at and behind the border; (2) further liberalization of FDI including through simplification of regulations and procedures; (3) improving infrastructure including in urban areas to enhance manufacturing and services in cities; (4) preparing labor resources (skills) and markets (flexibility) for the technological progress that will shape jobs in the years ahead; and (5) creating an enabling environment for innovation and entrepreneurship to draw the economy into higher productivity activities.
Book Synopsis Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? by : Dongyeol Lee
Download or read book Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? written by Dongyeol Lee and published by International Monetary Fund. This book was released on 2019-05-24 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and its volatility in LICs and small states, using a range of indices of export concentration differing in the coverage of industries. The empirical analysis finds that export diversification may promote economic growth and reduce economic volatility in these countries. Furthermore, the analysis demonstrates that the economic benefits of export diversification differ by country size and income level—there are bigger benefits for relatively larger and poorer countries within the group of LICs and small states.
Book Synopsis Understanding Global Trade by : Elhanan Helpman
Download or read book Understanding Global Trade written by Elhanan Helpman and published by Harvard University Press. This book was released on 2011-04-25 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global trade is of vital interest to citizens as well as policymakers, yet it is widely misunderstood. This compact exposition of the market forces underlying international commerce addresses both of these concerned groups, as well as the needs of students and scholars. Although it contains no equations, it is almost mathematical in its elegance, precision, and power of expression. Understanding Global Trade provides a thorough explanation of what shapes the international organization of production and distribution and the resulting trade flows. It reviews the evolution of knowledge in this field from Adam Smith to today as a process of theoretical modeling, accumulation of new empirical data, and then revision of analytical frameworks in response to evidence and changing circumstances. It explains the sources of comparative advantage and how they lead countries to specialize in making products which they then sell to other countries. While foreign trade contributes to the overall welfare of a nation, it also creates winners and losers, and Helpman describes mechanisms through which trade affects a country's income distribution. The book provides a clear and original account of the revolutions in trade theory of the 1980s and the most recent decade. It shows how scholars shifted the analysis of trade flows from the sectoral level to the business-firm level, to elucidate the growing roles of multinational corporations, offshoring, and outsourcing in the international division of labor. Helpman’s explanation of the latest research findings is essential for an understanding of world affairs.
Book Synopsis The Atlas of Economic Complexity by : Ricardo Hausmann
Download or read book The Atlas of Economic Complexity written by Ricardo Hausmann and published by MIT Press. This book was released on 2014-01-17 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maps capture data expressing the economic complexity of countries from Albania to Zimbabwe, offering current economic measures and as well as a guide to achieving prosperity Why do some countries grow and others do not? The authors of The Atlas of Economic Complexity offer readers an explanation based on "Economic Complexity," a measure of a society's productive knowledge. Prosperous societies are those that have the knowledge to make a larger variety of more complex products. The Atlas of Economic Complexity attempts to measure the amount of productive knowledge countries hold and how they can move to accumulate more of it by making more complex products. Through the graphical representation of the "Product Space," the authors are able to identify each country's "adjacent possible," or potential new products, making it easier to find paths to economic diversification and growth. In addition, they argue that a country's economic complexity and its position in the product space are better predictors of economic growth than many other well-known development indicators, including measures of competitiveness, governance, finance, and schooling. Using innovative visualizations, the book locates each country in the product space, provides complexity and growth potential rankings for 128 countries, and offers individual country pages with detailed information about a country's current capabilities and its diversification options. The maps and visualizations included in the Atlas can be used to find more viable paths to greater productive knowledge and prosperity.
Book Synopsis Analyzing the U.S. Content of Imports and the Foreign Content of Exports by : National Research Council
Download or read book Analyzing the U.S. Content of Imports and the Foreign Content of Exports written by National Research Council and published by National Academies Press. This book was released on 2006-04-27 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mass media has frequently covered stories concerning "outsourcing" or the moving of U.S. jobs to foreign locations by U.S. multinational companies. More often than not this "outsourcing" is of benefit to the companies' owners and managers. The discussion has spilled over into the political debate with candidates for national office making statements and suggesting policies for dealing with the issue. Due to the fact that many companies have fragmented the production process, however, it is difficult to examine the effect of "outsourcing"- the transfer of a business function from inside a firm to an outside source, with no reference to borders of countries- and "offshoring"-the movement of jobs that had been in the United States to a foreign location, without regard to business ownership- on the U.S. as many imports contain U.S. parts and many exports contain foreign parts. In the current situation, Congress mandated a study by the National Research Council, which was undertaken by the Committee on Analyzing the U.S. Content of Imports and the Foreign Content of Exports under a contract with the U.S. Department of Commerce. Analyzing the U.S. Content of Imports and the Foreign Content of Exports presents the findings of the committee.The committee refers to the availability and quality of data on the foreign content of U.S. exports and the domestic content of U.S. imports as "the content question." This was not been an easy task as data on actual content simply do not exist.
