21. What You Export Matters
- Author:
- Ricardo Hausmann, Jason Hwang, and Dani Rodrik
- Publication Date:
- 12-2005
- Content Type:
- Working Paper
- Institution:
- The John F. Kennedy School of Government at Harvard University
- 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.
- Topic:
- Economic Growth, Exports, Productivity, and Specialization
- Political Geography:
- Global Focus