Publication:
Stages of Diversification Redux

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dc.contributor.authorAssem, Hoda
dc.contributor.authorGatti, Roberta
dc.contributor.authorLederman, Daniel
dc.date.accessioned2024-02-28T14:45:39Z
dc.date.available2024-02-28T14:45:39Z
dc.date.issued2024-02-22
dc.description.abstractThe existing literature on development and economic diversification finds an inverted-U function between these two variables, whereby economies diversify as they grow up to a point, after which they start specializing. This paper contributes to this literature by investigating the stages of diversification over the course of development during the past 57 years. The paper emphasizes the trajectories of resource-rich and resource-poor countries, an issue that has not been covered by the extant literature. In addition, the paper studies the stages of diversification across three dimensions, namely employment, value-added, and exports. Additionally, it examines the relationship for services. Non-parametric estimations suggest a U-shaped curve between measures of economic concentration and per capita income levels, which is in line with existing evidence. However, these patterns are mainly driven by between-country rather than within-country variation, a finding that had been ignored in the existing literature. Diversification patterns also differ across resource-rich and resource-poor countries: Employment and value added in resource-rich countries are on average more concentrated at low levels of development while in resource poor countries, they are more concentrated at high levels of development. In contrast, at all levels of development, exports are more concentrated in resource-rich countries.en
dc.identifierhttp://documents.worldbank.org/curated/en/099550102222412535/IDU16395fe8916f1a142331a82011cfc3941da57
dc.identifier.doi10.1596/1813-9450-10709
dc.identifier.urihttps://hdl.handle.net/10986/41120
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10709
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC DIVERSIFICATION
dc.subjectDEVELOPMENT TRAJECTORIES
dc.subjectRESOURCE RICH COUNTRIES
dc.subjectRESOURCE POOR COUNTRIES
dc.subjectECONOMIC CONCENTRATION
dc.titleStages of Diversification Reduxen
dspace.entity.typePublication
okr.associatedcontenthttps://reproducibility.worldbank.org/index.php/catalog/107 Link to data and reproducibility package
okr.crossref.titleStages of Diversification Redux
okr.date.disclosure2024-02-22
okr.date.lastmodified2024-02-22T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099550102222412535/IDU16395fe8916f1a142331a82011cfc3941da57
okr.guid099550102222412535
okr.identifier.docmidIDU-6395fe89-6f1a-4233-a820-1cfc3941da57
okr.identifier.doi10.1596/1813-9450-10709
okr.identifier.doihttps://doi.org/10.1596/1813-9450-10709
okr.identifier.externaldocumentum34264690
okr.identifier.internaldocumentum34264690
okr.identifier.reportWPS10709
okr.import.id3280
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099550102222412535/pdf/IDU16395fe8916f1a142331a82011cfc3941da57.pdfen
okr.region.geographicalWorld
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Spatial and Local Economic Development
okr.unitOffice of the Chief Economist (MNACE)
okr.volume
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relation.isAuthorOfPublication80e2e087-17b5-5934-9ff6-34ceb2ef6223
relation.isAuthorOfPublication2c812f70-403a-5905-88e4-bd90a5f31e96
relation.isAuthorOfPublication.latestForDiscovery80e2e087-17b5-5934-9ff6-34ceb2ef6223
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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