Export diversification: How much does the choice of the trading partner matter?

• 成果类型: Article
• 署名作者: Regolo, Julie
• 署名单位: University of Geneva
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2013.07.004
• 发表日期: 2013
• 页码: 329-342
• 关键词: Export diversification; comparative advantage; Trade costs; Intra-industry trade; North-South trade

摘要

This paper studies how a country's export diversification varies across destination markets. It develops an extension of the Romalis (2004) model which yields two testable predictions. According to the first, exports between similarly endowed countries (South-South and North-North) are more diversified than exports between differently endowed countries (South-North and North-South). The second implication is that, for given countries' production patterns, low bilateral trade costs lead to greater export diversification. These predictions find empirical support in a panel of 102 trade partners and 4998 HS-6 industries over the period 1995-2007. Results show that similarities between trading partners in physical capital, land and human capital endowments per worker are associated with more diversified bilateral exports. Exports are also more diversified when bilateral trade costs are relatively low. (C) 2013 Elsevier B.V. All rights reserved.