Front Matter Page
Strategy Policy Review Department
Contents
Abstract
I. Introduction
II. Literature Review
III. Stylized Facts
IV. Methodology and Data
V. Empirical Results
A. Baseline Regressions
B. Actual versus Predicted Shares
C. Role of Policy and Institutional Variables
VI. Robustness
VII. Conclusion
References
Tables
1. Role of Country Fundamentals: OLS Regressions
2. Role of Country Fundamentals (Full Sample): Quantile Regressions
3. Role of Policy and Institutional Factors: OLS Regressions
4. Role of Policy and Institutional Factors: Quantile Regressions
5. Drivers of Diversification over Different Time Horizons: Quantile Regressions
6. Role of Country Fundamentals (EMEs and LICs): Quantile Regressions
7. Alternative Independent Variables: Quantile Regressions
8.1 Additional Controls-Agriculture: Quantile Regressions
8.2 Additional Controls-Manufacturing: Quantile Regressions
8.3 Additional Controls- Services: Quantile Regressions
Figures
1. Real Value Added Shares and Real GDP per capita, 1970-2010
2. Shares by Sector of Economic Activity in EMs and LICs by Region
3. Mining vs. Manufacturing and Services Shares in Total Value Added
4. Real Value Added Shares by Sector of Economic Activity in Selected LICs
5. Real Value Added Shares by Sector of Economic Activity in Selected EMEs
6. Actual vs. Predicted Sectoral Shares Across Income Groups, 1970-2010
7. Actual vs. Predicted (Median) Shares by Countries, 2010
8. Comparison of Quantile Regression and OLS Coefficient Estimates
Appendixes
I: List of Countries in the Sample
II: Data Description