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Purpose This paper investigates changes in Vietnamese export sophistication during the period of 2005 to 2017 using the HS 6-digit trade data of 115 countries. Design/Methodology/Approach We first analyze how the export sophistication performed using data covering the period from 2005 to 2017, distinguishing the performance of Vietnam from other countries in the ASEAN region and with countries that have an equivalent income level, as well as between advanced and developing countries. Second, we conduct an empirical analysis on the determinants of export sophistication using the HS 6-digit dataset for 115 countries. Findings We found that Vietnam’s export sophistication has increased over time, and in particular, the export sophistication of the top 10 largest export products has increased faster, which implies that Vietnam’s export structure has changed to higher-quality products. Among ASEAN countries, Vietnam’s export sophistication was similar to that of low-income countries in 2005, but became similar to that of high-income countries over time. The regression results show that GDP per capita is strongly correlated with export sophistication, and that the quality of institutions, trade openness, population size, and land area also affect export quality. Research Implications Regression results show that Vietnam’s export sophistication is different from that of high-income countries, but is not different from that of other developing countries.
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참고문헌 (16)
참고문헌 신청
Di Maio, M. / 2008 / The Evolution of World Export Sophistication and the Italian Trade Anomaly / Rivista di Politica Economica 98(1):135~174
Fortunato, P. / Export Sophistication, Growth And The Middle-income Trap. Transforming Economies: Making Industrial Policy Work For Growth, Jobs and Development
Gokan, T. / 2020 / Spatial Structures of Manufacturing Clusters in Thailand, Cambodia and Lao People’s Democratic Republic / Journal of the Asia Pacific Economy 25(3):418~446
Hausmann, R. / 2007 / What You Export Matters / Journal of Economic Growth 12(1):1~25
Iwamoto, M. / Can FDI Promote Export Diversification and Sophistication of Host Countries?: Dynamic Panel System GMM Analysis (IDE Discussion Papers, No. 347)
Fortunato, P. / Export Sophistication, Growth And The Middle-income Trap. Transforming Economies: Making Industrial Policy Work For Growth, Jobs and Development
Gokan, T. / 2020 / Spatial Structures of Manufacturing Clusters in Thailand, Cambodia and Lao People’s Democratic Republic / Journal of the Asia Pacific Economy 25(3):418~446
Hausmann, R. / 2007 / What You Export Matters / Journal of Economic Growth 12(1):1~25
Iwamoto, M. / Can FDI Promote Export Diversification and Sophistication of Host Countries?: Dynamic Panel System GMM Analysis (IDE Discussion Papers, No. 347)
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