Impact of Income Diversity on Export Trade in RCEP Countries

He, Bing and Zhang, Xiaoyu and Sha, Lujuan (2021) Impact of Income Diversity on Export Trade in RCEP Countries. Asian Journal of Economics, Business and Accounting. pp. 35-41. ISSN 2456-639X

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Industrial structure has become an important factor affecting a country’s export trade. With the signing of RCEP, it is necessary to analysis the impact of industrial structure on export trade for those RCEP countries. Through two-way fixed effects approach, this study constructs an income diversity index to measure the diversity of industrial structure and uses a panel data of 14 RCEP countries (excluding Brunei) from 2006 to 2019 to analyze the impact of income diversity on export trade. This study found that: (1) The income diversity of RCEP members has a significant positive effect on their export trade performance; (2) A sub-sample analysis shows that the income diversity of lower-middle and high-income economies has a significant positive effect on their export trade, while the upper-middle-income economies did not show a significant impact. In order to achieve the ambitious goal of high-quality economic development, members at various stages of development should their own formulate development strategies based on their own industrial economic characteristics and expand international trade competitiveness.

Item Type: Article
Subjects: Asian Repository > General Subject > Multidisciplinary
0 Subject > Multidisciplinary
Depositing User: Managing Editor
Date Deposited: 03 Aug 2022 04:37
Last Modified: 03 Aug 2022 04:37

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