Using recent theories of growth, this paper presents empirical evidence that export diversification promotes economic growth. This result is robust to different specifications of the growth equations and different measures of export diversification. In developing countries, export diversification is associated also with higher investment rates.
|Number of pages||4|
|Journal||Applied Economics Letters|
|Publication status||Published - 2000|
ASJC Scopus subject areas
- Economics and Econometrics