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

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Author Info

  • Michael Funke
  • Ralf Ruhwedel

Abstract

Utilizing panel data for 19 OECD countries we find support for the hypothesis that a greater degree of product variety relative to the US helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from 6-digit OECD export and import data. The econometric estimates indicate that the index of relative product variety is significantly correlated with relative per capita income levels.

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Bibliographic Info

Paper provided by Centre for Research into Industry, Enterprise, Finance and the Firm in its series CRIEFF Discussion Papers with number 9906.

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Date of creation: Oct 1999
Date of revision:
Handle: RePEc:san:crieff:9906

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Keywords: Product Variety; Economic Growth; Panel Data; OECD Countries;

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References

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