BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
No 8/2003:
Export variety and economic growth in East European transition economies
Michael Funke ()
and Ralf Ruhwedel ()
Abstract: Utilising panel data for 14 East European transition
economies, we find support for the hypothesis that a greater degree of
export variety relative to the U.S. helps to explain relative per capita
GDP levels. The empirical work relies upon some direct measures of product
variety calculated from 5-digit OECD trade data. Although the issue is far
from settled, the emerging view is that the index of relative export
variety across countries correlates significantly with relative per capita
income levels.
Keywords: product variety; transition economies; Eastern Europe; economic growth; panel data; (follow links to similar papers)
JEL-Codes: C33; F43; O31; O33; O52; (follow links to similar papers)
33 pages, June 27, 2003
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