Product Variety and Economic Growth: Empirical Evidence for the OECD Countries
By Michael Funke, Ralf Ruhwedel. Social Science Research Network, 2001
184 citations recorded by the source corpus.
Utilizing panel data for 19 member countries of the Organization for Cooperation and Development (OECD), we find support for the hypothesis that a greater degree of product variety relative to the United States helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from six-digit OECD export and import data. Although the issue is far from being settled, the emerging conclusion is that the index of relative product variety across countries is significantly correlated with relative per capita income levels.
Subfields: Economics and Econometrics, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/e9f3d4991d4736c04627e4b4cb4e320f70145d2e
Citations in the corpus
- Export variety and the economic performance of countries (2008, unknown): “Therefore, future efforts should be devoted at analyzing datasets that include such control variables, for example, by replicating the present study using variety, income and productivity levels rather than their changes over time (cf., Funke and Ruhwedel 2001b; Funke and Ruhwedel 2005).”
- World Agriculture: Towards 2015/2030: An Fao Perspective (2002, unknown): “More recent work has also shown a positive and significant impact of product variety on relative export intensity and growth (Funke and Ruhwedel, 2001).”
- Trade facilitation and the extensive margin (2013, unknown): “We also employ zero-inflated Poisson and zero-inflated negative binomial models, where non-zero and zero outcomes have different probability models (see Greene 2008). Moreover, since it is not possible to explicitly control for unobserved exporter heterogeneity by fixed effects in the baseline speci”
- Drivers of Export Upgrading (2013, unknown): “Research by Hausmann et al. (2007) confirms the negative association between a country’s land area and its export sophistication level.”