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Export variety and economic growth in East European transition economies

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Author Info
Funke, Michael () (BOFIT)
Ruhwedel, Ralf () (BOFIT)

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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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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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Related research
Keywords: product variety; transition economies; Eastern Europe; economic growth; panel data;

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Find related papers by JEL classification:
C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data
F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
O33 - Economic Development, Technological Change, and Growth - - Technological Change - - - Technological Change: Choices and Consequences; Diffusion Processes
O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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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. Funke, Michael & Ruhwedel, Ralf, 2003. "Export variety and economic growth in East European transition economies," BOFIT Discussion Papers 8/2003, Bank of Finland, Institute for Economies in Transition. [Downloadable!]
    Other versions:
  3. Tkachuk, Oleksandr & Popko, Denis, 2007. "On the patterns of trade convergence in European transition countries," MPRA Paper 14109, University Library of Munich, Germany. [Downloadable!]
  4. 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)
  5. Matthee, Marianne & Naude, Wim, 2007. "Export Diversity and Regional Growth: Empirical Evidence from South Africa," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  6. Tomasz Brodzicki, 2009. "Product variety and the export pattern of Poland 1999-2006," Working Papers 0903, Economics of European Integration Department, Faculty of Economics, University of Gdansk, Poland. [Downloadable!]
  7. Naude, Wim & Rossouw, Riaan, 2008. "Export Diversification and Specialization in South Africa: Extent and Impact," Working Papers RP2008/93, World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
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