Export market size matters : the impact of the market size of export destinations on manufacturing sectors growth

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dc.contributor.advisorGoda,Thomasspa
dc.contributor.authorSánchez González, Santiago
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.creator.degreeMagíster en Economíaspa
dc.creator.emailssanch40@eafit.edu.cospa
dc.date.accessioned2019-10-16T15:36:22Z
dc.date.available2019-10-16T15:36:22Z
dc.date.issued2019
dc.descriptionThis paper proposes that the market size of export destinations matters for the growth of manufacturing sectors in developing countries, given that the access to larger markets can help to circumvent potential lack of demand problems and to reach the full benefits of economies of scale. To test this hypothesis, first we propose a new Relative Export Market Size (REMS) index that measures the total market size of the export destinations of a specific manufacturing sector in a specific region, relative to the average destination market size of the same sector at national level. In a second step, we verify the impact of the REMS on value added, employment, physical capital accumulation and the revealed comparative advantage (RCA) of 129 manufacturing sectors in 23 regions in Colombia, using a Panel Vector Autoregressive model with exogenous variable (PVARX). The obtained results indicate that exporting to larger economies has a positive effect on the performance of manufacturing sectors. The estimated long-run effect of a unit increase in the REMS index is an increase of up to 18% value added per capita.spa
dc.identifier.ddc382.6 S211
dc.identifier.urihttp://hdl.handle.net/10784/14256
dc.language.isospaspa
dc.publisherUniversidad EAFITspa
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.publisher.placeMedellínspa
dc.publisher.programMaestría en Economíaspa
dc.rights.accessrightsinfo:eu-repo/semantics/closedAccessspa
dc.rights.localAcceso cerradospa
dc.subjectExportaciones de manufacturasspa
dc.subjectTamaño relativo del mercado de exportaciónspa
dc.subject.keywordRelative export market sizespa
dc.subject.keywordManufacturing exportsspa
dc.subject.keywordManufacturing sector growthspa
dc.subject.keywordRevealed comparative advantagespa
dc.subject.keywordColombiaspa
dc.subject.lembPROCESOS DE MANUFACTURAspa
dc.subject.lembMERCADO DE EXPORTACIÓNspa
dc.subject.lembCOMERCIO EXTERIORspa
dc.titleExport market size matters : the impact of the market size of export destinations on manufacturing sectors growthspa
dc.typemasterThesiseng
dc.typeinfo:eu-repo/semantics/masterThesiseng
dc.type.hasVersionacceptedVersioneng
dc.type.localTesis de Maestríaspa

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Maestría en Economía (tesis)