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[IWS] World Bank: MORE THAN COPPER: TOWARD THE DIVERSIFICATON AND STABILIZATION OF ZAMBIAN EXPORTS [January 2015]

IWS Documented News Service

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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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World Bank

Policy Research Working Paper 7151

 

MORE THAN COPPER: TOWARD THE DIVERSIFICATON AND STABILIZATION OF ZAMBIAN EXPORTS [January 2015]

by Brulhart, Marius; Dihel, Nora; Kukenova, Madina

https://openknowledge.worldbank.org/handle/10986/21148

or

https://openknowledge.worldbank.org/bitstream/handle/10986/21148/WPS7151.pdf?sequence=1

[full-text, 43 pages]

 

This paper analyzes Zambian export patterns using a new transaction-level trade data set for the period 1999-2011. The data show that, in international comparison, Zambian exports are exceptionally concentrated (on mining products). This reliance has been increasing in recent years. Zambia's exports are also characterized by a high level of churning of firms and products. Multivariate models of survival probabilities suggest that exchange rate volatility and difficult access to imported inputs significantly inhibit diversified and stable exports. The econometric analysis is complemented with a qualitative study of the Zambian export sector. The analysis concludes that one of the main policy levers for unleashing Zambia's full potential as an exporter is by facilitating access to imported inputs. Additional measures that ease foreign exchange transactions, simplify export and certification requirements, and increase the predictability of Zambia's trade regime could be effective to promote Zambia's nontraditional exports.

 

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