What you export matters |
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Authors: | Ricardo Hausmann Jason Hwang Dani Rodrik |
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Institution: | (1) John F. Kennedy School of Government, Harvard University, Cambridge, MA, USA;(2) Department of Economics, Harvard University, Cambridge, MA, USA |
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Abstract: | 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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Keywords: | Economic growth Experts Specialization |
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