What You Export Matters

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.

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Year of publication:	2006-01
Authors:	Hausmann, Ricardo ; Hwang, Jason ; Rodrik, Dani
Institutions:	C.E.P.R. Discussion Papers
Subject:	growth \| productivity \| specialization

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 5444
Classification:	F1 - Trade ; O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005136447