研究報告書 Export sophistication: A dynamic panel data approach

Kočenda, Evžen  ,  Poghosyan, Karen

980pp.1 - 28 , 2017-11 , Institute of Economic Research, Kyoto University
内容記述
In this paper we analyze export sophistication based on a large panel dataset (2001–2015; 101 countries) and using various estimation algorithms. Using Monte Carlo simulations we evaluate the bias properties of estimators and show that GMM-type estimators outperform instrumentalvariable and fixed-effects estimators. Based on our analysis we document that GDP per capita and the size of the economy exhibit significant and positive effects on export sophistication; weak institutional quality exhibits negative effect. We also show that export sophistication is path-dependent and stable even during a major economic crisis, which is especially important for emerging and developing economies.
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http://repository.kulib.kyoto-u.ac.jp/dspace/bitstream/2433/228365/1/DP980.pdf

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