There is evidence that specialization in primary product exports reduces growth. Possible explanations include a trend deterioration in the terms of trade associated with falls in the relative price of primary products, and the adverse impact of excessive export price volatility on investment...

Consisting of teams working with firm level data, the International Study Group on Exports and Productivity has used comparable micro level panel data for 14 countries and a set of identically specified empirical models to investigate the relationship between exports and productivity. The...