Product Variety and Economic Growth: Empirical Evidence for the Oecd Countries
IMF Working Papers, January 1, 2000
Source details
- Canonical URL
- Product Variety and Economic Growth: Empirical Evidence for the Oecd Countries
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Bibliographic details
- Authors: Michael Funke
- Published: January 1, 2000
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451842173.001
Main finding
- Using panel data for 19 OECD countries, the paper finds 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 emerging conclusion is that the index of relative product variety across countries is significantly correlated with relative per capita income levels.
Data and empirical approach
- Panel data for 19 OECD countries.
- Direct measures of product variety are calculated from 6-digit OECD export and import data.
- The empirical work relies upon these direct measures to assess the relationship between product variety and per capita income.
Subject areas and keywords
- Subject: Exports, Human capital, International trade, Labor, National accounts, Personal income
- Keywords: economic growth; Exports; factor product variety; final-goods production function; Human capital; intermediate products; OECD countries; panel data; per capita income; Personal income; product variety; product variety in the United States; variety in the United States; WP
Content in this bundle
- Product Variety and Economic Growth: Empirical Evidence for the OECD Countries - WP/00/05