Determinants of export diversification : an emperical study, the case of developing and emerging countries during the period 1996-2017

Abstract EN

This study attempted to investigate the determinants of exports diversification for 151 developed and developing countries during a period of 22 years (1996-2017), Using 8 explanatory variables, divided into four main groups: economic reforms group, physical variables group, macroeconomic stability variables group, And institutional variables group.

The estimation results of the pooled OLS model, Fixed Effect model, Random Effect model, the Bayesian Model Averaging (BMA) and the weighted-average least squares method (WALS), indicate the importance of investments, governance, individual income and The added value in the industrial sector, in enhancing the diversification of exports process, while the economic reforms variables (trade openness and financial development) do not have much impact on the diversification of exports.