publication . Article . 2011

Correlations-Adjusted Export Market Diversification

La Jung Joo;
Open Access English
  • Published: 01 Mar 2011 Journal: East Asian Economic Review (issn: 2508-1640, eissn: 2508-1667, Copyright policy)
  • Publisher: Korea Institute for International Economic Policy
Abstract
This paper introduces new export market diversification indices incorporated with correlations of business cycles among export partners to identify the actual effects of export market diversification on export instability. Three existing export market diversification indices reflect the dispersion level in terms of the number of export partners and their export shares, without a clear control for correlations among export earnings from export partners. In addition, they are underestimated or overestimated in illuminating the negative relationship with export instability. Correlations-Adjusted export market diversification indices help their normalization. Their ...
Subjects
Medical Subject Headings: health care economics and organizations
free text keywords: Correlations-Adjusted Export Market Diversification, Export Instability, Economics as a science, HB71-74, International trade, business.industry, business, International economics, Export market, Earnings, Negative relationship, Regression analysis, Economics, Business cycle, Diversification (marketing strategy)
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