Product Variety and Economic Growth: Empirical Evidence for the Oecd Countries

No 2000/005, IMF Working Papers from International Monetary Fund

Abstract: 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. The empirical work relies upon some direct measures of product variety calculated from 6-digit OECD export and import data. Although the issue is still far from being settled, the emerging conclusion is that the index of relative product variety across countries is significantly correlated with relative per capita income levels.

Keywords: WP; product variety; economic growth; panel data; OECD countries; final-goods production function; intermediate products; product variety in the United States; variety in the United States; factor product variety; per capita income; Personal income; Exports; Human capital (search for similar items in EconPapers)
Pages: 25
Date: 2000-01-01
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Product Variety and Economic Growth: Empirical Evidence for the OECD Countries (2001)
Working Paper: Product Variety and Economic Growth Empirical Evidence for the OECD Countries (2001)
Working Paper: Product Variety and Economic Growth - Empirical Evidence for the OECD Countries (2000)
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