Date of Award
5-2019
Culminating Project Type
Thesis
Degree Name
Applied Economics: M.S.
Department
Economics
College
School of Public Affairs
First Advisor
Nimantha Manamperi
Second Advisor
Artatrana Ratha
Third Advisor
Gareth John
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Abstract
This study uses panel data analysis across large cross-sections to identify the effects of covariates of economic growth by introducing import diversification into the growth model. It further analyzes the growth effects of diversification of import portfolio based on the country of origin using trade openness and institutional quality as some of the control variables. This is obtained by performing dynamic panel data estimation using the Generalized Methods of Moment (GMM) from which the basic specification of our model is decided. I further compare the diversification across two slices: developed countries and developing countries. I also run OLS and Fixed Effects estimates and see how the variables perform in these three different models. Overall, a statistically significant effect of import diversification is seen on growth. However, the magnitude of growth effects of import diversification is higher for developing countries than the developed countries. The effect of import diversification for developing countries is more than twice the effect of developed countries.
Recommended Citation
Bista, Arati, "Country Influence and Impact of Import Diversification on Economic Growth" (2019). Culminating Projects in Economics. 13.
https://repository.stcloudstate.edu/econ_etds/13
