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 236 potential models. Using data from 2001 to 2010, our results reveal two strong predictors: Primary school enrollment (99.7% posterior inclusion probability in t...

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Autores:
Jetter,Michael
Ramírez Hassan,Andrés
Tipo de recurso:
Fecha de publicación:
2015
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/7509
Acceso en línea:
http://hdl.handle.net/10784/7509
Palabra clave:
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restrictedAccess
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spelling 2015-102015-11-06T16:24:56Z2015-102015-11-06T16:24:56Z0095-2583http://hdl.handle.net/10784/750910.1111/ecin.12213This paper uses Bayesian model averaging to uncover the true determinants of export diversification among 36 potential factors, and thus 236 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.engWestern Economic Association InternationalEconomic Inquiry. Vol.53(4), 2015, pp.1765-1782http://onlinelibrary.wiley.com/doi/10.1111/ecin.12213/fullhttp://onlinelibrary.wiley.com/doi/10.1111/ecin.12213/fullrestrictedAccess© 2015 Western Economic Association InternationalAcceso restringidohttp://purl.org/coar/access_right/c_16ecEconomic Inquiry. Vol.53(4), 2015, pp.1765-1782WANT EXPORT DIVERSIFICATION? EDUCATE THE KIDS FIRSTarticleinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículoObra publicadapublishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Escuela de Economía y FinanzasEconomíaJetter,Michaeldb9d1b0f-ba10-4717-ade9-abace320124b-1Ramírez Hassan,Andrés7bfd1382-4c1d-457e-899f-18301512e0c5-1Universidad EAFIT, Medellín, ColombiaUniversidad EAFIT, Medellín, ColombiaEstudios en Economía y EmpresaEconomic Inquiry53417651782ORIGINALEconomic Inquiry - 2015 - Jetter - WANT EXPORT DIVERSIFICATION EDUCATE THE KIDS FIRST.pdfEconomic Inquiry - 2015 - Jetter - WANT EXPORT DIVERSIFICATION EDUCATE THE KIDS FIRST.pdfapplication/pdf352013https://repository.eafit.edu.co/bitstreams/de2b4444-df4c-47c7-a847-f1769656a8ee/download9a36e02aab1a95f817f17c0a7178a5faMD5110784/7509oai:repository.eafit.edu.co:10784/75092024-12-04 11:47:44.881open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv WANT EXPORT DIVERSIFICATION? EDUCATE THE KIDS FIRST
title WANT EXPORT DIVERSIFICATION? EDUCATE THE KIDS FIRST
spellingShingle WANT EXPORT DIVERSIFICATION? EDUCATE THE KIDS FIRST
title_short WANT EXPORT DIVERSIFICATION? EDUCATE THE KIDS FIRST
title_full WANT EXPORT DIVERSIFICATION? EDUCATE THE KIDS FIRST
title_fullStr WANT EXPORT DIVERSIFICATION? EDUCATE THE KIDS FIRST
title_full_unstemmed WANT EXPORT DIVERSIFICATION? EDUCATE THE KIDS FIRST
title_sort WANT EXPORT DIVERSIFICATION? EDUCATE THE KIDS FIRST
dc.creator.fl_str_mv Jetter,Michael
Ramírez Hassan,Andrés
dc.contributor.department.spa.fl_str_mv Escuela de Economía y Finanzas
Economía
dc.contributor.author.spa.fl_str_mv Jetter,Michael
Ramírez Hassan,Andrés
dc.contributor.affiliation.spa.fl_str_mv Universidad EAFIT, Medellín, Colombia
Universidad EAFIT, Medellín, Colombia
dc.contributor.program.spa.fl_str_mv Estudios en Economía y Empresa
description This paper uses Bayesian model averaging to uncover the true determinants of export diversification among 36 potential factors, and thus 236 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.
publishDate 2015
dc.date.available.none.fl_str_mv 2015-11-06T16:24:56Z
dc.date.issued.none.fl_str_mv 2015-10
dc.date.accessioned.none.fl_str_mv 2015-11-06T16:24:56Z
dc.date.none.fl_str_mv 2015-10
dc.type.eng.fl_str_mv article
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.local.spa.fl_str_mv Artículo
dc.type.hasVersion.spa.fl_str_mv Obra publicada
dc.type.hasVersion.eng.fl_str_mv publishedVersion
status_str publishedVersion
dc.identifier.issn.none.fl_str_mv 0095-2583
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/7509
dc.identifier.doi.none.fl_str_mv 10.1111/ecin.12213
identifier_str_mv 0095-2583
10.1111/ecin.12213
url http://hdl.handle.net/10784/7509
dc.language.iso.eng.fl_str_mv eng
language eng
dc.relation.ispartof.spa.fl_str_mv Economic Inquiry. Vol.53(4), 2015, pp.1765-1782
dc.relation.isversionof.none.fl_str_mv http://onlinelibrary.wiley.com/doi/10.1111/ecin.12213/full
dc.relation.uri.none.fl_str_mv http://onlinelibrary.wiley.com/doi/10.1111/ecin.12213/full
dc.rights.eng.fl_str_mv restrictedAccess
dc.rights.spa.fl_str_mv © 2015 Western Economic Association International
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_16ec
dc.rights.local.spa.fl_str_mv Acceso restringido
rights_invalid_str_mv restrictedAccess
© 2015 Western Economic Association International
Acceso restringido
http://purl.org/coar/access_right/c_16ec
dc.publisher.eng.fl_str_mv Western Economic Association International
dc.source.spa.fl_str_mv Economic Inquiry. Vol.53(4), 2015, pp.1765-1782
institution Universidad EAFIT
bitstream.url.fl_str_mv https://repository.eafit.edu.co/bitstreams/de2b4444-df4c-47c7-a847-f1769656a8ee/download
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