Stages of Diversification

Imbs, Jean; Wacziarg, Romain

doi:10.1257/000282803321455160

Cited by 1,044 publications

(650 citation statements)

References 8 publications

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“…Industrialisation may once have been thought of as developing a manufacturing sector, as that is the process that 'naturally' evolved (Imbs, and Wacziarg, R., 2003), but today it is wider in scope and includes the development of service sector activities such as financial services, tourism and transport. Tourism is also a resource-based service that requires high logistical and technical support systems (Gelb, 2010).…”

Section: Export Diversification Development and Tourismmentioning

confidence: 99%

Planning for a Qatar Without Oil: Tourism and Economic Diversification, a Battle of Perceptions

Morakabati

Beavis

Fletcher

2014

Tourism Planning & Development

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Qatar has developed a long-term strategy to plan for a time when the country will not be dependent upon its oil and gas reserves. The strategy focuses on export diversification, largely through the development of service industries, including finance, knowledge-based sectors and tourism. This may be seen as a sensible option given the availability of capital and the paucity of non-energy resources. To date the success in attracting leisure tourists has been limited. The country faces a number of challenges with its economic diversification strategy through tourism, including the task of creating a strong destination image and assuring personal safety, civil liberty and political stability in a region not noted for these characteristics. It also needs to offer a product that is sensitive to the religious and cultural traditions of the host population whilst appealing to international tourists. This paper looks at diversification as a development strategy, the rationale for Qatar's diversification strategy, the risk perceptions and appeal of Qatar as a holiday destination and then empirically tests whether Qatar fits into a typology of evoked, inert or inept sets of destinations. The results show that there is strong support for the link between export diversification and economic growth but while seen as a relatively safe destination, Qatar currently lacks appeal and does not fall into the evoked set of destinations for UK visitors.

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Section: Export Diversification Development and Tourismmentioning

confidence: 99%

Planning for a Qatar Without Oil: Tourism and Economic Diversification, a Battle of Perceptions

Morakabati

Beavis

Fletcher

2014

Tourism Planning & Development

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“…According to the coefficients of intensive margin, the inflection point of the inverted U-shaped relationship is 0.79, which is larger than the value of the baseline regression result; correspondingly, the inflection point of the U-shaped relationship is 0.45, which is also larger than the value drawn above. The comparison suggests that, for high-tech sectors, innovation can improve the extensive margin of exports for a wider interval; meanwhile the threshold for intensive margin is higher, indicating that innovation plays a more important role in technological sectors that require greater product diversification and sophistication [36,53,54]. …”

Section: Regression Results For Innovation and Exports In Different Tmentioning

confidence: 99%

Does Firms’ Innovation Promote Export Growth Sustainably?—Evidence from Chinese Manufacturing Firms

2016

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Recent theoretical analysis and empirical studies have emphasized that firms' innovation could significantly improve export growth. However, the positive effect of innovation on exports is likely to change due to unstable domestic offsetting for innovation and increasing worldwide competition for trade. This study aims to explore the dynamic link between them. We first develop a theoretical model between innovation and export growth based on the theory of heterogeneity. Export growth is measured through the dimensions of extensive margin and intensive margin so as to better investigate the effect of innovation on export performance. The propositions of mechanism analysis reveal that the effect of innovation on exports is non-linear rather than sustainable. An empirical study is followed to test the propositions by using data from a representative panel of Chinese manufacturing firms. Consistent with the theoretical predictions, the results show an inverted U-shaped relationship between innovation and extensive margin and a U-shaped relationship between innovation and intensive margin. The non-linear relations are verified by a threshold effect test. Further study shows less innovation and more firms on the left side of the relation curves. The distribution suggests irregular innovation ability among the exporters. Moreover, the role of innovation is more important for export growth and the corresponding threshold is higher in terms of high technological sectors. The contribution of this study is to introduce a comprehensive framework to investigate the dynamic effect of innovation on export growth, serving as a modest spur to induce the following studies to explore the sustainability of innovation effect.

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“…Countries going through structural changes first diversify their economies (i.e. building up more complex industrial sectors) and then undertake specializing further once they have reached a certain level of affluence (Imbs and Wacziarg 2003).…”

Section: Industrialization Economic Development and Climate Policymentioning

confidence: 99%

Enabling Low-Carbon Development in Poor Countries

Steckel

Schwerhoff

Edenhofer

2017

Sustainable Manufacturing

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The challenges associated with achieving sustainable development goals and stabilizing the world's climate cannot be solved without significant efforts by developing and newly-emerging countries. With respect to climate change mitigation, the main challenge for developing countries lies in avoiding future emissions and lock-ins into emission-intensive technologies, rather than reducing today's emissions. While first best policy instruments like carbon prices could prevent increasing carbonization, those policies are often rejected by developing countries out of a concern for negative repercussions on development and long-term growth. In addition, policy environments in developing countries impose particular challenges for regulatory policy aiming to incentivize climate change mitigation and sustainable development. This chapter first discusses how climate policy could potentially interact with sustainable development and economic growth. It focuses, in particular, on the role of industrial sector development. The chapter then continues by discussing how effective policy could be designed, specifically taking developing country circumstances into account.

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Stages of Diversification

Cited by 1,044 publications

References 8 publications

Planning for a Qatar Without Oil: Tourism and Economic Diversification, a Battle of Perceptions

Planning for a Qatar Without Oil: Tourism and Economic Diversification, a Battle of Perceptions

Does Firms’ Innovation Promote Export Growth Sustainably?—Evidence from Chinese Manufacturing Firms

Enabling Low-Carbon Development in Poor Countries

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