Publication:
The Power of Exports

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dc.contributor.authorEasterly, William
dc.contributor.authorReshef, Ariell
dc.contributor.authorSchwenkenberg, Julia
dc.date.accessioned2012-03-19T19:13:04Z
dc.date.available2012-03-19T19:13:04Z
dc.date.issued2009-10-01
dc.description.abstractThe authors systematically document remarkably high degrees of concentration in manufacturing exports for a sample of 151 countries over a range of 3,000 products. For every country manufacturing exports are dominated by a few "big hits" which account for most of the export value and where the "hit" includes both finding the right product and finding the right market. Higher export volumes are associated with higher degrees of concentration, after controlling for the number of destinations a country penetrates. This further highlights the importance of big hits. The distribution of exports closely follows a power law, especially in the upper tail. These findings do not support a "picking winners" policy for export development; the power law characterization implies that the chance of picking a winner diminishes exponentially with the degree of success. Moreover, given the size of the economy, developing countries are more exposed to demand shocks than rich ones, which further lowers the benefits from trying to pick winners.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091019154040
dc.identifier.doi10.1596/1813-9450-5081
dc.identifier.urihttps://hdl.handle.net/10986/4273
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5081
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE ADVANTAGE
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAGRICULTURE
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectBILATERAL TRADE
dc.subjectBRAND
dc.subjectCAPITAL MARKETS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCONSUMERS
dc.subjectELASTICITY
dc.subjectEXPORT
dc.subjectEXPORT GROWTH
dc.subjectEXPORT REVENUE
dc.subjectEXPORTS
dc.subjectEXTERNALITIES
dc.subjectEXTERNALITY
dc.subjectFREE MARKETS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGOAL
dc.subjectGOVERNMENT SUBSIDY
dc.subjectINCOME
dc.subjectINCOME LEVELS
dc.subjectINTERNATIONAL TRADE
dc.subjectLESS DEVELOPED COUNTRIES
dc.subjectMARGINAL COST
dc.subjectMARKET FAILURE
dc.subjectMARKET PENETRATION
dc.subjectMARKETING
dc.subjectMAXIMUM LIKELIHOOD ESTIMATION
dc.subjectNATIONAL INCOME
dc.subjectNATURAL ENDOWMENTS
dc.subjectNATURAL RESOURCES
dc.subjectNEWLY INDUSTRIALIZED COUNTRY
dc.subjectPRICE INDEX
dc.subjectPRICE LEVEL
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPURCHASING
dc.subjectPURCHASING POWER
dc.subjectRANGE
dc.subjectROUTE
dc.subjectSALES
dc.subjectSQUARE
dc.subjectSTRENGTH
dc.subjectSUBSTITUTION
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE BARRIERS
dc.subjectTRANSITION ECONOMY
dc.subjectUPPER
dc.subjectUTILITY FUNCTION
dc.subjectWAGES
dc.subjectWEALTH
dc.titleThe Power of Exportsen
dspace.entity.typePublication
okr.crossref.titleThe Power Of Exports
okr.date.doiregistration2025-04-10T12:03:28.468288Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091019154040
okr.globalpracticeTransport and ICT
okr.guid921211468330933530
okr.identifier.doi10.1596/1813-9450-5081
okr.identifier.externaldocumentum000158349_20091019154040
okr.identifier.internaldocumentum11227756
okr.identifier.reportWPS5081
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/10/19/000158349_20091019154040/Rendered/PDF/WPS5081.pdfen
okr.region.administrativeThe World Region
okr.region.administrativeThe World Region
okr.sectorIndustry and trade :: General industry and trade sector
okr.themeTrade and integration :: Other trade and integration
okr.topicTransport::Airports and Air Services
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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