External Capital Resources and Export Diversification in Developing Countries
Journal: International Journal of Economics and Financial Issues
Year: 2025

Developing countries have been trying to diversify their exports baskets since 1990s. Particularly, these countries are striving for export diversification through external capital resources inflow in the economy. This study attempts to explore the impact of external capital resources i.e. foreign direct investment inflow, remittances received, foreign aid and total external debt on export diversification. Moreover, this study utilizes a balanced panel of sixty five developing countries over the