Trade openness, export diversification, and political regimes

Makhlouf, Y. ORCID: 0000-0001-7737-3153, Kellard, N.M. and Vinogradov, D., 2015. Trade openness, export diversification, and political regimes. Economics Letters, 136, pp. 25-27. ISSN 0165-1765

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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: Journal article
Publication Title: Economics Letters
Creators: Makhlouf, Y., Kellard, N.M. and Vinogradov, D.
Publisher: Elsevier
Date: 2015
Volume: 136
ISSN: 0165-1765
Divisions: Schools > Nottingham Business School
Record created by: Linda Sullivan
Date Added: 21 Mar 2016 12:26
Last Modified: 09 Jun 2017 14:00

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