Uparis 1
Felipe STAROSTA DE WALDEMAR participe à un séminaire D&G (Development and Globalisation) à l’Université Paris 1 Panthéon-Sorbonne avec Patrick DOMINGUES (U. Paris-Est Créteil) le jeudi 22 janvier. Ils présenteront “Export diversification and institutional legacy”.
“This paper contributes to the analysis of countries’ exports diversification dynamics. One of the problems related to this topic is to find an exogenous variation in one of its determinants. Among them, the type and quality of the institutions is a country characteristic that can explain the success or failure of exports diversification. Using cross-section estimations, this paper offers some evidences on the exogenous relationship between the Soviet Union legacy and export diversification for a sample of former members of the Soviet Union and European countries. We measure this legacy using a proxy of the countries proximity with Russia. The proxy variable is based on the energy production infrastructure as this dimension reflected the institutional quality and decision making in former Soviet Union, and it was used as a foreign policy tool in neighboring countries. The energy production technology gap (EPTG) variable is built as the Euclidean distance between a country’s share of each one of the six main electricity production sources and the corresponding ratio for Russia. We find that the greater EPTG, the higher the degree of export diversification ceteris paribus. An inefficient legacy, unfavorable to diversification, which arose from the soviet period, constituted a blockage in the export diversification process after the fall of USSR.”