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Trade openness, export diversification, and political regimes

Makhlouf, Y and Kellard, NM and Vinogradov, D (2015) 'Trade openness, export diversification, and political regimes.' Economics Letters, 136. 25 - 27. ISSN 0165-1765

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Abstract

© 2015 Elsevier B.V. Recent studies have challenged the view that trade openness leads to more specialization in countries' trade. Using a panel of 116 countries over 35 years, we show that openness can be positively associated with both specialization and diversification, depending on the measure used. Moreover, for developing countries in our sample, the effect of openness on trade structure depends on the type of political regime: in autocracies openness is linked with specialization, whilst in democracies it is related to diversification via export sophistication.

Item Type: Article
Subjects: H Social Sciences > HF Commerce
Divisions: Faculty of Social Sciences > Essex Business School > Essex Finance Centre
Depositing User: Jim Jamieson
Date Deposited: 04 Sep 2015 13:54
Last Modified: 31 Aug 2017 21:15
URI: http://repository.essex.ac.uk/id/eprint/14773

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