Grancay, Martin; Grancay, Nora; Dudas, Tomas - In: Contemporary economics 9 (2015) 2, pp. 233-244
In 2007, Hausmann, Hwang and Rodrik (HHR) demonstrated that export specialization patterns have important implications for economic growth. The authors developed an indicator of income level linked to the country’s exports they called EXPY and showed that higher values of the indicator lead to...
