Jouini, Nizar and Oulmane, Nassim and Peridy, Nicolas (2014): North African countries (NACs) production and export structure: Towards diversification and export sophistication strategy.
Preview |
PDF
MPRA_paper_62476.pdf Download (986kB) | Preview |
Abstract
The North African countries (NACs) production and export structure is suffering from double constraints: insufficient diversification along with excessively weak sophistication. This study establish a deeper link between diversification/sophistication on and growth in the NACs. The study assesses the impact of these variables on the growth of these countries so as to verify whether the current export structure is indeed a constraint to the economic development. The approach used consists in estimating a growth model as a Barro's regression (conditional -convergence model) using panel data. The paper identify the factors determining diversification and sophistication of exports so as to find the various levers and actions which would firstly allow NACs to diversify their exports to higher added value products and secondly to take the existing products to a higher level of sophistication. The last part of this study proposes recommendations in terms of economic policies based on obtained results, highlighting the role of various stakeholders, and different policies.
Item Type: | MPRA Paper |
---|---|
Original Title: | North African countries (NACs) production and export structure: Towards diversification and export sophistication strategy |
English Title: | North African countries (NACs) production and export structure: Towards diversification and export sophistication strategy |
Language: | English |
Keywords: | Export diversification, sophistication, North Africa. |
Subjects: | F - International Economics > F1 - Trade > F15 - Economic Integration F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology |
Item ID: | 62476 |
Depositing User: | N Oulmane |
Date Deposited: | 28 Feb 2015 19:08 |
Last Modified: | 27 Sep 2019 12:36 |
References: | Aditya, A. and A. Rajat (2012) “Does what countries export matter?”, Journal of Economic Development, 37(3): 47-74. Agosin, M., R. Alvarez et C. Bravo-Ortega(2012) ”Determinants of Export Diversification around the World: 1962-2000”, The World Economy, 35(3): 295-315. Amable, B. (2000). “International Specialization and Growth,” Structural Change and Economic Dynamics, 11: 413-431. Arellano, M. and S. Bond (1998) "Dynamic Panel Data Estimation Using DPD98 for Gauss: A Guide for Users" CEMFI, Madrid. Baltagi, B. (2005) Econometric Analysis of Panel Data, New York: Wiley, 3rd edition Ben Hammouda, H., N. Oulmane and M. Sadni-Jallab (2009) “D’une diversification spontanée à une diversification organisée : quelles politiques pour diversifier les economies d’Afrique du Nord ?”, Revue Economique, 60(1): 133-156. Barro, R. (1991) “Economic Growth in a Cross-Section of Countries”, Quarterly Journal of Economics 106, 407-43. Cadot, O., C. Carrère and V. Strauss-Kahn (2011) “Export diversification: What’s behind the hump?”, The Review of Economics and Statistics, 93(2): 590-605 Caldeira, M. and P. Veiga (2010) “Determinants of export diversification and sophistication in sub-Saharan Africa”, University of Minho, mimeo. Davas, Z. (2012) “Real effective exchange rates for 178 countries: A new database”, Bruegel Working Paper 2012/06. Dogruel, S. et M. Teckce (2011) “Trade liberalization and export diversification in selected MENA countries”, Topics in Middle Eastern and African Economies, 13:1-24. Egger, P. (2004), “On the problem of endogenous unobserved effects in the estimation of gravity models”, Journal of Economic integration, 19(1): 182-91. Finger, J and M. Kreinin (1979), “A measure of ‘export similarity’ and its possible uses”, the Economic Journal, 89: 905-12 Gourdon, J. (2010) “FDI flows and export diversification: looking at extensive and intensive margins”, in: Lopez-Calix, P. Walkenhorst and N. Diop eds. Trade competitiveness of the Middle East and North Africa, The World Bank Guétat, I. and F. Serranito (2010), “Convergence et Rattrapage Technologique : Un Test par les Séries Temporelles dans le Cas de Pays de la Région MENA”, Revue d'Economie du Développement, 2:5-45 Hausman, R., J. Hwang and D. Rodrik (2007) “What you export matters”, Journal of Economic Growth, 12(1): 1-25 Hausman, R., B. Klinger and J. Lopez-Calix “Export diversification in Algeria”, in: Lopez-Calix, P. Walkenhorst and N. Diop eds. Trade Competitiveness of the Middle East and North Africa, The World Bank Herzer, D. and F. Nowak-Lehnmann (2006) “What does export diversification do for growth? An econometric analysis”, Applied Economics, 38: 1825-1838. Hesse, H. (2009) “Export diversification and economic growth”, in: Breaking into new markets: emerging lessons for export diversification, Washington: World Bank, pp.55-80. Hidalgo, C. and R. Hausman (2009) “The building blocks of economic complexity”, Proceedings of the National Academy of Sciences of the United States of America 106(26): 10570-10575. Imbs, J. and R. Wacziarg (2003) ”Stages of diversification”, American Economic Review, 1993(2003), 63:86. Jarreau, J. and S. Poncet (2012) “Export sophistication and economic growth: evidence from China”, Journal of Development Economics, 97(2012): 281-292. Klinger, B. and D. Lederman (2011) “Export discoveries, diversification and barriers to entry”, Economics Systems, 35: 64-83 Lim, J. and C. Saborowski (2012) “Export diversification in a transitioning economy”, Economics of Transition, 20(2): 339-367. Manova, K. (2008) “Credit constraints, equity markets liberalization and international trade”, Journal of International Economics, 76(1): 33-47 Markusen, J. R. and A. J. Venables (1999) “Foreign Direct Investment as a Catalyst for Industrial Development”, European Economic Review, 43, 335-356. McKinzay (2012) « The rise of the African consumer », Report of McKinsey’s Africa consumer Insights Center, http://www.mckinsey.com/global_locations/africa /south_africa/ en/rise_of_the_african_consumer Melitz, M. (2003) “The impact of trade on intra-industry reallocations and aggregate industry productivity”, Econometrica, 71(6): 1695-1725 Munemo, J. (2011) “Foreign aid and export diversification in developing countries”, Journal of International Trade and Economic Development, 20(3): 339-355 Navaretti, G. and J. Venables (2004) Multinational Firms in the World Economy, Princeton: Princeton University Press Naudé, W. and R. Rossouw (2011) “Export diversification and economic performance: evidence from Brazil, China, India and South Africa”, Economics Change and Restructuring, 44:99-134 Péridy, N. and C. Bagoulla (2012) “An Analysis of Real Convergence and its Determinants: Evidence from MENA countries”, Journal of Economic Integration, 27(1): 80-114 Péridy, N. and N. Roux (2012) "Why are the Trade Gains from the Euro-Mediterranean Partnership so Small?", Journal of World Trade, 46(3): 571-596 Rodrik, D., A. Subramanian and F. Trebbi (2004): “Institution Rules: The Primacy of Institutions over Geography and Integration in Economic Development”, Journal of Economic Growth, 9:131-165. Sachs, J. and A. Warner (2001) “The Curse of Natural Resources”; European Economic Review 45, 827-838 Sala-i-Martin (2004) “Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach”, American Economic Review, 94(4): 814-835. Uttama, N. et N. Péridy (2010) “Foreign Direct Investment and Productivity Spillovers: The Experience of ASEAN countries”, Journal of Economic Integration, 25(2): 298-323. Weldemicael, E. (2012) “Determinants of exports sophistication”, Melbourne University, mimeo. World Bank (2012), World Development Indicators 2012. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/62476 |