WANT EXPORT DIVERSIFICATION? EDUCATE THE KIDS FIRST.
This paper uses Bayesian model averaging to uncover the true determinants of export diversification among 36 potential factors, and thus 2 potential models. Using data from 2001 to 2010, our results reveal two strong predictors: Primary school enrollment (99.7% posterior inclusion probability in the...
| Publicado en: | Economic Inquiry Vol. 53; no. 4; pp. 1765 - 1783 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Oct2015
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=109076068&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 109076068 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Oct2015 vid: 53 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 109076068 10.1111/ecin.12213 ppf: 1765 ppct: 18 formats: fmt: – @attributes: type: T – @attributes: type: P size: 348KB tig: atl: WANT EXPORT DIVERSIFICATION? EDUCATE THE KIDS FIRST. aug: au: Jetter, Michael Ramírez Hassan, Andrés affil: School of Economics and Finance, Universidad EAFIT, Carrera 49 7 Sur 50, Medellin, Antioquia 3300, Colombia Business School, University of Western Australia, Perth Australia (July 2015 onwards) su: International trade Education Portfolio diversification Bayesian analysis Gross domestic product Foreign trade regulation sug: subj: International trade Education Educational Support Services All Other Miscellaneous Schools and Instruction Administration of Education Programs International Trade Financing Portfolio diversification Bayesian analysis Gross domestic product Foreign trade regulation ab: This paper uses Bayesian model averaging to uncover the true determinants of export diversification among 36 potential factors, and thus 2 potential models. Using data from 2001 to 2010, our results reveal two strong predictors: Primary school enrollment (99.7% posterior inclusion probability in the true model) raises export diversification, whereas the share of natural resources in gross domestic product (98.6%) lowers diversification levels. The importance of basic education coverage offers policymakers an opening toward diversifying exports, at least in the long run. This result is robust to accounting for the endogeneity of income levels by applying an instrumental variable BMA method. ( JEL C11, F1, F34, O1, O2, O11) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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