281-283 Economic diversification is vital to countries’ long-term economic growth, but many resource-rich countries remain heavily reliant on revenues generated by mining or oil production. Economic diversification is a key element of economic development in which a country moves to a more diverse pro-duction and trade structure. h�bbd```b``�"+�d�dy��� �y*�� ���`r��"1I��g ���`�^��v#������e q�=4'�30�|` �hB
Vol. Evaluating economic diversification Three key findings were established during the analysis of economic diversification. 1. Moving walls are generally represented in years. When the economy heavily depends on income originated in the agriculture and mining sectors, sustaining long-term economic growth is challenging becauseof volatility in commodity prices and allocative inefficiencies, … Theil Index. Export diversification does play an important role in this process. An Index of Economic Diversificationt THE relative economic stability of a local area is frequently related to the extent of diversification of the sources of income and employment. Economic diversification is the process of shifting an economy away from a single income source toward multiple sources from a growing range of sectors and markets. 2M���G�j��UM3R� �(#
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h�b`````�f �P#�0p4 � @1���b�Ϩ�h̘˘���џa JSTOR®, the JSTOR logo, JPASS®, Artstor®, Reveal Digital™ and ITHAKA® are registered trademarks of ITHAKA. publisher has elected to have a "zero" moving wall, so their current economic diversification was held on 16 and 17 May 2006 in Bonn, Germany, which considered: how economic diversification could be integrated into sustainable development 5 The report on the workshop is contained in document FCCC/SB/2000/2. Dieser Artikel oder nachfolgende Abschnitt ist nicht hinreichend mit Belegen (beispielsweise Einzelnachweisen) ausgestattet. The measures in this toolkit are based on an updated version of the UNâNBER dataset, which harmonizes COMTRADE bilateral trade flow data at the 4-digit SITC (Rev. (R�Y
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Introduction. 3 (Aug., 1954), pp. Covering 200 economies including most low-income countries, the toolkit provides indicators on export product diversification and export product quality from 1962-2014. Traditionally, it has been applied as a strategy to encourage positive economic growth and development. %PDF-1.5
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Higher values for the all three indices indicate lower diversification. The author also provides robust empirical evidence of a positive effect of export diversification on per capita income growth. The process of economic development is typically a process of structural transformation where countries move from producing "poor-country goods" to "rich-country goods." 41 0 obj
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Gross Domestic Product (GDP) should be distributed across sectors Economic concentration and diversification was assessed by analyzing whether GDP was distributed across a wide variety of economic sectors — or across a few. |��!��VL��q���|���9lai��[�(~��ӑ$���}K�Y�� ��mg}�X We calculate the overall, intensive (within), and extensive (between) Theil indices following the definitions and methods used in Cadot et al. 0
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The Export Diversification Database has three main indicators: the Export Diversification Index, the Extensive Margin, and the Intensive Margin. You have javascript disabled.
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