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Export Variety and Economic Growth in East European Transition Economies

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  • Ralf Ruhwedel

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  • Michael Funke

    ()

Abstract

Utilising panel data for 14 East European transition economies we find support for the hypothesis that a greater degree of export variety relative to the U.S. helps to explain relative per capita GDP levels.The empirical work relies upon some direct measures of product variety calculated from 5-digit OECD trade data.Although the issue is still far from being settled, the merging conclusion is that the index of relative export varietyacross countries is significantly correlated with relative per capity income levels.

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Bibliographic Info

Paper provided by Hamburg University, Department of Economics in its series Quantitative Macroeconomics Working Papers with number 20502.

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Date of creation: Jan 2005
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Handle: RePEc:ham:qmwops:20502

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Keywords: Product Variety; Transition Economies; Eastern Europe; Economic Growth; Panel Data;

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