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Export variety and economic growth in East European transition economies

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  • Funke, Michael

    ()
    (BOFIT)

  • Ruhwedel, Ralf

    ()
    (BOFIT)

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 far from settled, the emerging view is that the index of relative export variety across countries correlates significantly with relative per capita income levels.

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File URL: http://www.suomenpankki.fi/bofit_en/tutkimus/tutkimusjulkaisut/dp/Documents/dp0803.pdf
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Bibliographic Info

Paper provided by Bank of Finland, Institute for Economies in Transition in its series BOFIT Discussion Papers with number 8/2003.

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Length: 33 pages
Date of creation: 27 Jun 2003
Date of revision:
Handle: RePEc:hhs:bofitp:2003_008

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Postal: Bank of Finland, BOFIT, P.O. Box 160, FI-00101 Helsinki, Finland
Phone: + 358 10 831 2268
Fax: + 358 10 831 2294
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Web page: http://www.suomenpankki.fi/bofit_en/
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Keywords: product variety; transition economies; Eastern Europe; economic growth; panel data;

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