{
  "title": "Product Variety and Economic Growth: Empirical Evidence for the Oecd Countries",
  "publication": "IMF Working Papers, January 1, 2000",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/30/product-variety-and-economic-growth-empirical-evidence-for-the-oecd-countries-3385",
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  "summary": "This paper uses panel data for 19 OECD countries and 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.",
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      "heading": "Main finding",
      "content": "- 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.\n- The emerging conclusion is that the index of relative product variety across countries is significantly correlated with relative per capita income levels."
    },
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      "heading": "Data and empirical approach",
      "content": "- Panel data for 19 OECD countries.\n- Direct measures of product variety are calculated from 6-digit OECD export and import data.\n- The empirical work relies upon these direct measures to assess the relationship between product variety and per capita income."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Exports, Human capital, International trade, Labor, National accounts, Personal income\n- 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\n\n---\n\n Content in this bundle\n\n- Product Variety and Economic Growth: Empirical Evidence for the OECD Countries - WP/00/05\n  - Product Variety and Economic Growth: Empirical Evidence for the OECD Countries - WP/00/05 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Product Variety and Economic Growth: Empirical Evidence for the OECD Countries - WP/00/05 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/product-variety-and-economic-growth-empirical-evidence-for-the-oecd-countries-3385"
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    "Authors: Michael Funke",
    "Published: January 1, 2000",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451842173.001",
    "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.",
    "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: 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",
    "**Product Variety and Economic Growth: Empirical Evidence for the OECD Countries - WP/00/05**"
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