Date Published:
Mar 1, 2007
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.
Notes:
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