Abstract
This paper contributes to the literature on the determinants of export diversification in developing countries by addressing the landlockedness issue and foreign direct investment. Although there are some papers analyzing the impact of foreign direct investment on export diversification, the specific focus of the geographical disadvantage, being landlocked, is largely overlooked. The empirical analysis focuses on a sample of 92 developing countries covering the period 19962018. The result of the system GMM estimation indicates that the landlocked status influences negatively export product diversification for the sample. Furthermore, the result of the interaction term indicates that the landlocked status worsens the positive effectiveness of FDI in the diversification process for developing countries.
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Schedule a callMore From: Vestnik Tomskogo gosudarstvennogo universiteta. Ekonomika
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