{
  "title": "IMF Staff Papers, Volume 48, No. 2",
  "publication": "IMF Staff Papers, December 12, 2001",
  "sourceUrl": "https://www.imf.org/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-48-no-15455",
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  "summary": "This paper analyzes the link between product variety and economic growth. It 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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- This paper analyzes the link between product variety and economic growth.\n- It 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.\n- The paper presents an empirical study for South Africa, which indicates:\n  - there exists a stable money demand type of relationship among domestic prices, broad money, real income, and interest rates, and\n  - a long-term relationship among domestic prices, foreign prices, and the nominal exchange rate."
    },
    {
      "heading": "Empirical findings and implications",
      "content": "- Product variety and income:\n  - Greater product variety relative to the United States is associated with higher relative per capita GDP levels.\n- South Africa case study:\n  - Stable money demand relationship among domestic prices, broad money, real income, and interest rates.\n  - Long-term relationship among domestic prices, foreign prices, and the nominal exchange rate.\n- These findings connect microeconomic product variety concepts with macroeconomic price, money, and exchange rate dynamics."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Agroindustries, Defense spending, Economic sectors, Expenditure, Inflation, Inflation targeting, Monetary policy, Prices\n- Keywords: Africa, Agroindustries, currency demand, Defense spending, East Asia, Eastern Europe, Europe, Global, Inflation, Inflation targeting, military spending, pass-through behavior, pass-through coefficient, price, product variety, SP\n\n---\n\n\nSource: https://www.imf.org/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-48-no-15455"
    }
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    "Published: December 12, 2001",
    "Series: IMF Staff Papers",
    "Volume: 48",
    "DOI: https://doi.org/10.5089/9781451974256.024",
    "This paper analyzes the link between product variety and economic growth.",
    "It 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 paper presents an empirical study for South Africa, which indicates:",
    "Product variety and income:",
    "South Africa case study:",
    "These findings connect microeconomic product variety concepts with macroeconomic price, money, and exchange rate dynamics.",
    "Subjects: Agroindustries, Defense spending, Economic sectors, Expenditure, Inflation, Inflation targeting, Monetary policy, Prices",
    "Keywords: Africa, Agroindustries, currency demand, Defense spending, East Asia, Eastern Europe, Europe, Global, Inflation, Inflation targeting, military spending, pass-through behavior, pass-through coefficient, price, product variety, SP"
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