In this paper we first propose a proxy for the maturity of a country’s export bundle based on the product life cycle theory. Employing a conditional latent class model, we then examine the relationship between export maturity and economic growth for 98 countries during the period 1988-2005. We...

In this paper we first propose a proxy for the maturity of a country’s export bundle based on product life cycle theory. Employing a conditional latent class model, we then examine the effect of maturity of countries’ exports on their economic growth for 98 countries over the period 1988 to...