What You Export Matters
Harvard University - Harvard Kennedy School (HKS); Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)
Harvard University - Harvard Kennedy School (HKS)
Harvard University - Department of Economics
CEPR Discussion Paper No. 5444
When local cost discovery generates knowledge spillovers, specialization patterns become partly indeterminate and the mix of goods that a country produces may have important implications for economic growth. We demonstrate this proposition formally and adduce some empirical support for it. We construct an index of the 'income level of a country's exports,' document its properties, and show that it predicts subsequent economic growth.
Number of Pages in PDF File: 27
Keywords: Specialization, productivity, growth
JEL Classification: F1, O4
Date posted: April 20, 2006
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