The drivers of export product diversification in China: does natural resource endowments matter?
Export product diversification (EPD) mitigates a country’s vulnerability to global trade shocks, contributes to its high-quality economic progress, and increases its resilience. Natural resource endowment (NRE) is considered as one of the important determinants of EPD that is less explored by schol...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2025-02-01
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| Series: | Technological and Economic Development of Economy |
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| Online Access: | https://jcem.vgtu.lt/index.php/TEDE/article/view/23026 |
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| author | Jabbar Ul-Haq Hubert Visas Anatolijs Krivins Rita Remeikienė Qazi Muhammad Adnan Hye |
| author_facet | Jabbar Ul-Haq Hubert Visas Anatolijs Krivins Rita Remeikienė Qazi Muhammad Adnan Hye |
| author_sort | Jabbar Ul-Haq |
| collection | DOAJ |
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Export product diversification (EPD) mitigates a country’s vulnerability to global trade shocks, contributes to its high-quality economic progress, and increases its resilience. Natural resource endowment (NRE) is considered as one of the important determinants of EPD that is less explored by scholars. The contribution of NRE to EPD will remain a matter of debate in China. The paper aims to identify the drivers of the diversification of export products in China using the province level data from 2011 to 2019. It considers key determinants including foreign direct investment (FDI), human capital (HC), technological innovation (TI), and trade openness (TO). The results of the Fixed Effect-Driscoll-Kraay standard errors (FE-DKSE) indicate a positive and significant relationship between NRE and EPD. This suggests that a rise in NRE within a country promotes EPD. Furthermore, FDI, TO, TI, and HC have statistically significant positive links with EPD. Moreover, the findings of our research are consistent across all regions. The robustness analysis provides evidence that our findings are both significant and robust. The empirical findings indicate that the included variables are fundamental determinants of EPD, which provides policymakers with crucial policy implications. To encourage EPD, the government should implement policies that stimulate these determinants.
First published online 05 February 2025
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| format | Article |
| id | doaj-art-54143582e59340289f6364f5be38ea2b |
| institution | Kabale University |
| issn | 2029-4913 2029-4921 |
| language | English |
| publishDate | 2025-02-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Technological and Economic Development of Economy |
| spelling | doaj-art-54143582e59340289f6364f5be38ea2b2025-02-05T16:30:28ZengVilnius Gediminas Technical UniversityTechnological and Economic Development of Economy2029-49132029-49212025-02-0110.3846/tede.2025.23026The drivers of export product diversification in China: does natural resource endowments matter?Jabbar Ul-Haq0Hubert Visas1Anatolijs Krivins2Rita Remeikienė3Qazi Muhammad Adnan Hye4Department of Economics, University of Sargodha, Sargodha, PakistanSchool of International Trade & Economics, University of International Business and Economics, Beijing, ChinaDepartment of Law, Management Science and Economics, Daugavpils University, Daugavpils, LatviaLaw Faculty, Vilnius University, Vilnius, LithuaniaAcademic Research and Development Wing, Dubai, United Arab Emirates Export product diversification (EPD) mitigates a country’s vulnerability to global trade shocks, contributes to its high-quality economic progress, and increases its resilience. Natural resource endowment (NRE) is considered as one of the important determinants of EPD that is less explored by scholars. The contribution of NRE to EPD will remain a matter of debate in China. The paper aims to identify the drivers of the diversification of export products in China using the province level data from 2011 to 2019. It considers key determinants including foreign direct investment (FDI), human capital (HC), technological innovation (TI), and trade openness (TO). The results of the Fixed Effect-Driscoll-Kraay standard errors (FE-DKSE) indicate a positive and significant relationship between NRE and EPD. This suggests that a rise in NRE within a country promotes EPD. Furthermore, FDI, TO, TI, and HC have statistically significant positive links with EPD. Moreover, the findings of our research are consistent across all regions. The robustness analysis provides evidence that our findings are both significant and robust. The empirical findings indicate that the included variables are fundamental determinants of EPD, which provides policymakers with crucial policy implications. To encourage EPD, the government should implement policies that stimulate these determinants. First published online 05 February 2025 https://jcem.vgtu.lt/index.php/TEDE/article/view/23026export product diversificationnatural resource endowmentstechnological innovationstrade opennesshuman capitalforeign direct investment |
| spellingShingle | Jabbar Ul-Haq Hubert Visas Anatolijs Krivins Rita Remeikienė Qazi Muhammad Adnan Hye The drivers of export product diversification in China: does natural resource endowments matter? Technological and Economic Development of Economy export product diversification natural resource endowments technological innovations trade openness human capital foreign direct investment |
| title | The drivers of export product diversification in China: does natural resource endowments matter? |
| title_full | The drivers of export product diversification in China: does natural resource endowments matter? |
| title_fullStr | The drivers of export product diversification in China: does natural resource endowments matter? |
| title_full_unstemmed | The drivers of export product diversification in China: does natural resource endowments matter? |
| title_short | The drivers of export product diversification in China: does natural resource endowments matter? |
| title_sort | drivers of export product diversification in china does natural resource endowments matter |
| topic | export product diversification natural resource endowments technological innovations trade openness human capital foreign direct investment |
| url | https://jcem.vgtu.lt/index.php/TEDE/article/view/23026 |
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