Export variety and the economic performance of countries |
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| Authors: | Pier Paolo Saviotti Koen Frenken |
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| Institution: | (1) UMR GAEL, Université Pierre Mendés-France, P. O. Box BP 47, 38040 Grenoble, Cedex 9, France;(2) GREDEG, CNRS, UNSA, 250 rue Albert Einstein, 06560 Valbonne, France;(3) Urban and Regional Research Centre Utrecht (URU), Section of Economic Geography, Faculty of Geosciences, Utrecht University, P. O. Box 80115, 3508 TC Utrecht, The Netherlands |
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| Abstract: | We explore the relationship between export variety and economic development, using data on OECD countries between 1964 and
2003. We show that structural change in the world economy has a particular arrow of time leading to a growing variety of exports.
Distinguishing between related variety (within sectors) and unrelated variety (variety between sectors), we also show that
related variety stimulates growth instantaneously, while unrelated variety only promotes growth with a considerable time lag.
This finding is in line with the evolutionary notions that economic development and international trade patterns are path
dependent.
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| Keywords: | Related variety Unrelated variety Economic development Trade Path dependence |
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