Introduction
- Author: United Nations Conference on Trade and Development
- Main Title: State of Commodity Dependence 2016 , pp 19-30
- Publication Date: July 2017
- DOI: https://doi.org/10.18356/698c66c5-en
- Language: English
In the State of Commodity Dependence Report, export commodity dependence is defined as the ratio (in percentage) of the value of commodity exports to the value of total merchandise exports. A country is said to belong to the group of Commodity Dependent Developing Countries” (CDDCs) when this percentage exceeds 60 per cent. The 60 per cent threshold was econometrically determined in a study establishing, in a given country, the response of the Human Development Index (HDI) to commodity export dependence. Using a quantile regression of HDI on export commodity dependence (including other controls), the coefficient of export dependence is strongest (higher than the average of -0.2, in absolute value) when HDI is less than 0.6. This cut-off point corresponds to a commodity dependence ratio of 0.6. In addition, when this percentage exceeds the threshold of 80 per cent, developing countries are defined as strongly commodity export dependent.
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