Product Variety and Economic Growth-Empirical Evidence for the OECD Countries

Utilizing panel data for 19 OECD countries we find support for the hypothesis that a greater degree of product variety relative to the US helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from 6-digit OECD export and import data. The econometric estimates indicate that the index of relative product variety is significantly correlated with relative per capita income levels.

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Year of publication:	1999-10
Authors:	Funke, Michael ; Ruhwedel, Ralf
Institutions:	Centre for Research into Industry, Enterprise, Finance and the Firm (CRIEFF), University of St. Andrews
Subject:	Product Variety \| Economic Growth \| Panel Data \| OECD Countries

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Series:	CRIEFF Discussion Papers.
Type of publication:	Book / Working Paper
Classification:	C23 - Models with Panel Data ; F41 - Open Economy Macroeconomics ; F43 - Economic Growth of Open Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005536789