Export variety and the economic performance of countries

P.P. Saviotti, K. Frenken

Research output: Contribution to journalArticleAcademicpeer-review

120 Citations (Scopus)
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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.
Original languageEnglish
Pages (from-to)201-218
JournalJournal of Evolutionary Economics
Volume18
Issue number2
DOIs
Publication statusPublished - 2008

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