On Export Composition and Growth

Dunusinghe, Priyanga

doi:10.1177/139156140901000202

Cited by 9 publications

(9 citation statements)

References 27 publications

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“…Further, as in Dunusinghe (2009) and Saleem and Sial (2015), instead of an aggregate national production function, we assume that these sectors have different production functions depict mathematically as follows: [1989][1990][1991][1992][1993][1994][1995][1996][1997] They discover that producing highly differentiated export goods gives a competitive advantage. Funke and Ruhwedel (2002) 15 OECD countries 1989-1997 They establish that export performance is significantly and positively influenced by products variety.…”

Section: Model and Datamentioning

confidence: 99%

Intensive and Extensive Margins of Export Diversification as Strategies for Sustainable Economic Growth: Evidence from the Nigerian Economy

Young

2023

Foreign Trade Review

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Two opposite strands of literature analysing export diversification’s role in promoting sustainable growth have evolved in international economics and development, namely, the intensive and extensive margins of exports. This study empirically investigates which of the margin is more useful towards promoting sustainable growth using annual time series data of Nigeria for the period 1960–2021. Autoregressive distributed lag (ARDL) and innovative accounting procedure were employed. The ARDL results reveal that both margins significantly enhance growth in short and long run. However, importance of the extensive margin, in aggregate, dominates that of the intensive margin. Likewise, the results from innovative accounting procedures reveal that although both margins contribute positively to growth, the contribution to growth of extensive margin dominates over that of the intensive margin. These results, thus, lend credence to the extensive-margin exposition, which postulates that the export of extant commodities to new market destinations or export of new commodities to new and/or old market destinations plays a relatively more important role in export growth/diversification and, ultimately, sustainable growth. The study recommends that governments should develop and implement economic policies aimed at enhancing exports of value-added commodities—due to their relatively high income and price elasticities over primary commodities—to maximise the benefits in the extensive margin. JEL Codes: F10, F14, O10, O12, O50, O55

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Section: Model and Datamentioning

confidence: 99%

Intensive and Extensive Margins of Export Diversification as Strategies for Sustainable Economic Growth: Evidence from the Nigerian Economy

Young

2023

Foreign Trade Review

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“…Thirunavukkarasu et al (2014) indicate that trade has had a significant impact on the economic growth in Sri Lanka from 1970 to 2010. Furthermore, Dunusinghe (2009) explained that the effect of exports and export composition on the economic growth process in Sri Lanka and expansion of the export sector has a positive and significant impact on (GDP) growth. Moreover, Ramanayake and Lee (2015) emphasised that export has a positive and significant impact on (GDP) growth particularly in developing countries.…”

Section: Review Of Literaturementioning

confidence: 99%

Pandemic-Led Disruptions in Asia: Tracing the Early Economic Impacts on Sri Lanka and Thailand

Marwah

Sen

2021

South Asian Survey

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This study focuses on tracing the early economic impacts of COVID-19. The pandemic has unleashed a global shock impacting all economies in several ways. The lockdowns have brought economic activity to a standstill, with the closure of businesses and halting of travel, trade and commerce. Even as the impact on sensitive sectors as trade, tourism and remittances are already becoming visible, it is imperative to understand how these are impacting economies in Asia. This article studies these impacts on Thailand and Sri Lanka, both of which being wired to the globalised world, are witnessing adverse impacts on earnings through exports and tourism as well as a huge decline in inward remittances. Even as countries beef up their health infrastructure, they also seek to restart international travel and trade. Hence, the role of the state is critical to pull the economies out of the de-globalisation trends that are expected to gain pace in and beyond 2020.

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“…2 Literature substantiates that countries can achieve sustainable growth through export diversification (Hausmann et al, 2007;Dunusinghe, 2009;World Bank, 2009;Sarker, 2018). Export concentration increases vulnerability and creates detrimental long-term effects, hence diversification is essential for economic growth (Sattar, 2015;Sumi & Reaz, 2020;World Bank, 2020).…”

Section: Introductionmentioning

confidence: 99%

Moving beyond least developed country status: Challenges to diversifying Bangladesh’s seafood exports

Hobbs

Khorana

Yeung

2023

Aquaculture Economics & Management

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Bangladesh is due to graduate from Least Developed Country status, resulting in the loss of preferential market access for textiles and ready-made-garments in key import markets. The paper examines the opportunities and constraints for developing a stronger export market orientation in the Bangladesh fish and seafood sector. We discuss the role of public and private standards in food safety and quality, as well as empirical evidence for their effect on fish and seafood value chains. We assess the factors limiting diversification into fish and seafood exports and constraints to value chain enhancement. The experience of export-oriented shrimp value chains provides lessons for the aquaculture sector. High costs of compliance with public and private standards and inability to meet traceability requirements for food safety and quality present a significant challenge. In diversifying beyond domestic markets for fish and seafood, the policy challenge lies in striking an appropriate balance between intervention and guidance.

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On Export Composition and Growth

Cited by 9 publications

References 27 publications

Intensive and Extensive Margins of Export Diversification as Strategies for Sustainable Economic Growth: Evidence from the Nigerian Economy

Intensive and Extensive Margins of Export Diversification as Strategies for Sustainable Economic Growth: Evidence from the Nigerian Economy

Pandemic-Led Disruptions in Asia: Tracing the Early Economic Impacts on Sri Lanka and Thailand

Moving beyond least developed country status: Challenges to diversifying Bangladesh’s seafood exports

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