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Export upgrading, a key to development?

Social Sciences June 7, 2016 Madrid

General information

Venue: Fundación Ramón Areces, Vitruvio, 5. 28006. Madrid

Organized by:

Fundación Ramón Areces

In cooperation with:

Navarra Center for International Development (NCID), Instituto Cultura y Sociedad (ICS) of the Universidad de Navarra

  • Programme

Chris Papageorgiou develops new estimates of export quality, far more extensive than previous efforts, covering 178 countries and hundreds of products during the period 1962-2010. He finds that quality upgrading is particularly rapid during the early stages of development, with the process largely completed as a country reaches upper middle-income status. There is significant cross-country heterogeneity in the growth rate of quality. Within any given product line, quality converges over time to the world frontier. Institutional quality, liberal trade policies, FDI inflows, and human capital all promote quality upgrading, although their impact varies across sectors. The results in his work suggest that reducing barriers to entry into new sectors can allow economies to benefit from rapid quality convergence over time. 

Wednesday, 4

19:30

Speaker:
Chris Papageorgiou
International Monetary Fund.

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