| ID | 142029 |
| Title Proper | Export growth, export potential and export resistance |
| Other Title Information | a case study of Laos |
| Language | ENG |
| Author | Sayavong, Vanxay |
| Summary / Abstract (Note) | This study applies a stochastic frontier gravity model to examine Laos’ export potential as well as factors hindering its export growth. This article uses a panel data of thirty-four importing countries from 2001 to 2011. Three main export growth factors are analysed in the model: (i) core factors (income per capita, population, and distance); (ii) implicit behind-the-border constraints; and (iii) implicit beyond-the-border constraints. The findings show that only half of the country’s export potential has been realized to date and export losses can primarily be attributed to implicit behind-the-border constraints. At the same time, these constraints have been reduced during the last decade. This article identifies border trade, a common language, income per capita and the Generalized System of Preferences scheme as important factors for export growth. Conversely, it finds that an appreciating real exchange rate is a signal of a slowdown in export growth. |
| `In' analytical Note | Journal of Southeast Asian Economies (ASEAN Economic Bulletin Change the Name ) Vol. 32, No. 3; Dec 2015: p.340-57 |
| Journal Source | Journal of Southeast Asian Economies (ASEAN Economic Bulletin Change the Name ) 2015-12 32, 3 |
| Key Words | Laos ; Expert Resistance ; Export Losses and Stochastic ; Frontier Gravity Model |