@article{Ferreira:47178,
      recid = {47178},
      author = {Ferreira, Gustavo F.C.},
      title = {From Coffee Beans to Microchips: Export Diversification  and Economic Growth in Costa Rica},
      address = {2009},
      number = {1369-2016-108672},
      series = {Selected Paper},
      pages = {24},
      year = {2009},
      abstract = {During the early 1980s Costa Rica experienced its worst  economic crisis since World War II,
which led to the  abandonment of the import substitution model of development  adopted in the
1960s. This severe economic downturn also  spurred the implementation of a series of new
policies  supporting foreign investment in high-value-added  industries and the diversification
of the nation’s exports.  As a result, Costa Rica has diversified its economic  activity, moved
away from its historical dependence on  agricultural exports, and gained new competitive
advantages  in the manufacturing sector. This study presents a  straightforward generalization
of the model proposed by  Herzer and Nowak-Lehnmann’s (2006) to test the hypothesis  that
export diversification has influenced economic growth  in Costa Rica via externalities of
learning-by-exporting  and learning-by-doing. To examine whether a long-run  relationship
exists between export diversification and  economic growth, two types of statistical
methodologies are  used: the bounds test to cointegration within a distributed  lag (ARDL)
framework and the dynamic OLS (DOLS). Overall  results sufficiently conclude that, at least
in the  Granger’s sense, there is no long-run causality between  export diversification and
economic growth in Costa Rica  over the period of 1965 to 2006.},
      url = {http://ageconsearch.umn.edu/record/47178},
      doi = {https://doi.org/10.22004/ag.econ.47178},
}