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

Michael Funke and Ralf Ruhwedel

CRIEFF Discussion Papers from Centre for Research into Industry, Enterprise, Finance and the Firm

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.

Keywords: Product Variety; Economic Growth; Panel Data; OECD Countries (search for similar items in EconPapers)
JEL-codes: C23 F41 F43 (search for similar items in EconPapers)
Date: 1999-10
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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)
Working Paper: Product Variety and Economic Growth: Empirical Evidence for the Oecd Countries (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:san:crieff:9906

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