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

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Author Info
By Michael Funke (International Monetary Fund)
Ralf Ruhwedel (International Monetary Fund)

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Abstract

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. Copyright 2001, International Monetary Fund

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Publisher Info
Article provided by Palgrave Macmillan Journals in its journal IMF Staff Papers.

Volume (Year): 48 (2001)
Issue (Month): 2 ()
Pages: 1
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Handle: RePEc:pal:imfstp:v:48:y:2001:i:2:p:1

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Find related papers by JEL classification:
F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

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    Other versions:
  2. Feenstra, Robert C. & Madani, Dorsati & Yang, Tzu-Han & Liang, Chi-Yuan, 1999. "Testing endogenous growth in South Korea and Taiwan," Journal of Development Economics, Elsevier, vol. 60(2), pages 317-341, December. [Downloadable!] (restricted)
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  3. Feenstra, Robert C, 1994. "New Product Varieties and the Measurement of International Prices," American Economic Review, American Economic Association, vol. 84(1), pages 157-77, March. [Downloadable!] (restricted)
  4. Driver, R. & Wren-Lewis, S., 1999. "New Trade Theory and Aggregate Export Equations: an Application of Panel Cointegration," Discussion Papers 99/17, University of Exeter, School of Business and Economics.
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  6. Kocherlakota, Narayana R & Yi, Kei-Mu, 1996. "A Simple Time Series Test of Endogenous vs. Exogenous Growth Models: An Application to the United States," The Review of Economics and Statistics, MIT Press, vol. 78(1), pages 126-34, February. [Downloadable!] (restricted)
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  14. Evans, Paul, 1997. "Government Consumption and Growth," Economic Inquiry, Oxford University Press, vol. 35(2), pages 209-17, April.
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    Other versions:
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Ralf Ruhwedel & Michael Funke, 2004. "Trade, Product Variety and Welfare: A Quantitative Assessment for the Transition Economies in Central and Eastern Europe," Quantitative Macroeconomics Working Papers 20401, Hamburg University, Department of Economics. [Downloadable!]
    Other versions:
  2. Christian Broda & Joshua Greenfield & David Weinstein, 2006. "From Groundnuts to Globalization: A Structural Estimate of Trade and Growth," NBER Working Papers 12512, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. Catherine L. Mann & Katharina Plück, 2005. "The US Trade Deficit: A Disaggregated Perspective," Peterson Institute Working Paper Series WP05-11, Peterson Institute for International Economics. [Downloadable!]
  4. Robert Feenstra & Hiau Looi Kee, 2004. "On the Measurement of Product Variety in Trade," American Economic Review, American Economic Association, vol. 94(2), pages 145-149, May. [Downloadable!]
    Other versions:
  5. Ralf Ruhwedel & Michael Funke, 2005. "Export Variety and Economic Growth in East European Transition Economies," Quantitative Macroeconomics Working Papers 20502, Hamburg University, Department of Economics. [Downloadable!]
    Other versions:
  6. Dennis, Allen & Shepherd, Ben, 2007. "Trade costs, barriers to entry, and export diversification in developing countries," Policy Research Working Paper Series 4368, The World Bank. [Downloadable!]
  7. Ralf Ruhwedel & Michael Funke, 2000. "Export Variety and Export Performance: Empirical Evidence from East Asia," Quantitative Macroeconomics Working Papers 20006, Hamburg University, Department of Economics. [Downloadable!]
    Other versions:
  8. Robert C. Feenstra, 2006. "New Evidence on the Gains from Trade," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 142(4), pages 617-641, December. [Downloadable!] (restricted)
  9. Ralf Ruhwedel & Michael Funke, 2008. "Trade, product variety and welfare: a quantitative assessment for mainland China," Quantitative Macroeconomics Working Papers 20806, Hamburg University, Department of Economics. [Downloadable!]
  10. Luigi Luini & Andrea Mangani, 2004. "Trademarks, Product Variety, and Economic Activity in Italy and Europe," Department of Economics University of Siena 422, Department of Economics, University of Siena. [Downloadable!]
  11. Addison, Douglas M., 2003. "Productivity growth and product variety : gains from imitation and education," Policy Research Working Paper Series 3023, The World Bank. [Downloadable!]
  12. David Hummels & Peter J. Klenow, 2005. "The Variety and Quality of a Nation's Exports," American Economic Review, American Economic Association, vol. 95(3), pages 704-723, June. [Downloadable!]
  13. Persson, Maria, 2008. "Trade Facilitation and the Extensive and Intensive Margins of Trade," Working Papers 2008:13, Lund University, Department of Economics. [Downloadable!]
  14. Nguyen, P. & Saviotti, P.P. & Trommetter, M. & Bourgeois, B., 2004. "Variety and the evolution of refinery processing," Working Papers 200428, Grenoble Applied Economics Laboratory (GAEL). [Downloadable!]
    Other versions:
  15. Yener Kandogan, 2003. "TDoes Product Differentiation Explain The Increase in Exports of Transition Countries?," William Davidson Institute Working Papers Series 2003-599, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
  16. Yener Kandogan, 2003. "The Reorientation of Transition Countries’ Exports: Changes in Quantity, Quality and Variety," William Davidson Institute Working Papers Series 2003-631, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
  17. Pier Saviotti & Koen Frenken, 2008. "Export variety and the economic performance of countries," Journal of Evolutionary Economics, Springer, vol. 18(2), pages 201-218, April. [Downloadable!] (restricted)
  18. Pier Saviotti & Andreas Pyka, 2008. "Product variety, competition and economic growth," Journal of Evolutionary Economics, Springer, vol. 18(3), pages 323-347, August. [Downloadable!] (restricted)
  19. repec:att:wimass:1920322 is not listed on IDEAS
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