An Examination of Louisiana State Export Opportunities Using Export Decision Support Model

Abstract

This paper presents modification and the usefulness of the Export Decision Support Model (EDSM) as a tool for identification of export opportunities and benefit of growth in exportation. The study revolved around the Export Decision Support Model (EDSM) of Viviers and Cuyvers (2012). The study used a time-series data across the various export commodities available in the State of Louisiana from 2013 to 2016. It also sourced the export growth rate of Louisiana as a proxy of total export percentage share in the gross United State exportations within the same period. The time series data was sourced from the United States Census Bureau (2017) survey on State exports from Louisiana. This current study adopted a simplified version of Export Decision Support Model (EDSM) postulated by Cuyvers (2012).  The objective of this study was to demonstrate the modification of the EDSM for the development of the Louisiana State. The paper revealed to the policymakers the sharp drop in Louisiana exportation for the past four years. The paper further revealed to the readers and policymakers the important export commodities that needed maximum attention to ensure growth in the Louisiana State.

Keywords: Export, Export Decision Support Model, Filtration, Employment, GDP, Production, Panama Canal, and Commodities