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Title: |
Export Diversification and Export Instability:
Some Evidence from South East Asia and Latin America |
| Author: |
Savvides,
Andreas; Mohtadi, Hamid |
| Author
Affiliation: |
OK State U; U
WI |
| Source: |
International Economic Journal, Spring 1991, v. 5, no. 1, pp. 15-33 |
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Publication Date: |
Spring 1991 |
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Abstract: |
The often cited argument that the high
export earnings instability of LDCs is due to the tendency to have their
exports concentrated on a small number of commodities or geographic
markets is examined via the technique of Multidimensional Scaling (MDS).
Based on time-series export earnings data from six LDCs which have
experienced diverse development patterns, MDS is used to investigte the
hypothesis that, for each LDC, individual commodity or geographic market
exports tend to move in phase. In addition, MDS enables the development
of a country-specific measure of diversification which allows an
examination diversification experience of each country. |
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