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Export Structure Upgrading and Economic Growth in the Western Balkan Countries

Export Structure Upgrading and Economic Growth in the Western Balkan Countries In this paper, we seek to analyze the impact that the ability to produce more sophisticated goods has on the economic performance of the Western Balkan region and to determine the factors fostering this process. To do so, we elaborate an export sophistication index, à la Hausmann. The outcomes obtained show that export sophistication has a positive and significant effect on growth in these economies. Additionally, we found that this process is driven more by the sophistication in medium-skill and technology-intensive manufactures goods rather than through sophistication in high-skill goods. Our findings also confirm that a greater participation in international production networks and a better institutional environment stimulates the upgrading of exports, and the subsequent economic growth of these economies. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Emerging Markets Finance & Trade Taylor & Francis

Export Structure Upgrading and Economic Growth in the Western Balkan Countries

Export Structure Upgrading and Economic Growth in the Western Balkan Countries

Emerging Markets Finance & Trade , Volume 55 (10): 26 – Aug 9, 2019

Abstract

In this paper, we seek to analyze the impact that the ability to produce more sophisticated goods has on the economic performance of the Western Balkan region and to determine the factors fostering this process. To do so, we elaborate an export sophistication index, à la Hausmann. The outcomes obtained show that export sophistication has a positive and significant effect on growth in these economies. Additionally, we found that this process is driven more by the sophistication in medium-skill and technology-intensive manufactures goods rather than through sophistication in high-skill goods. Our findings also confirm that a greater participation in international production networks and a better institutional environment stimulates the upgrading of exports, and the subsequent economic growth of these economies.

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References (71)

Publisher
Taylor & Francis
Copyright
Copyright © Taylor & Francis Group, LLC
ISSN
1558-0938
eISSN
1540-496X
DOI
10.1080/1540496X.2018.1563538
Publisher site
See Article on Publisher Site

Abstract

In this paper, we seek to analyze the impact that the ability to produce more sophisticated goods has on the economic performance of the Western Balkan region and to determine the factors fostering this process. To do so, we elaborate an export sophistication index, à la Hausmann. The outcomes obtained show that export sophistication has a positive and significant effect on growth in these economies. Additionally, we found that this process is driven more by the sophistication in medium-skill and technology-intensive manufactures goods rather than through sophistication in high-skill goods. Our findings also confirm that a greater participation in international production networks and a better institutional environment stimulates the upgrading of exports, and the subsequent economic growth of these economies.

Journal

Emerging Markets Finance & TradeTaylor & Francis

Published: Aug 9, 2019

Keywords: Economic growth; export sophistication; FDI; international production networks; panel data models; Western Balkan countries; F14; F63; O4

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