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This research investigates how export diversification influences economic growth through learning externalities.

What does export diversification do for growth? An econometric analysis

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Randomized trial examines the relationship between export diversification and growth in Chile, suggesting positive economic impacts.

This research investigates how export diversification influences economic growth through learning externalities.
Estimation of an augmented Cobb-Douglas production function using annual time series data from Chile.
Application of cointegration theory and three statistical methodologies: Johansen trace-test, multivariate error-correction model, and dynamic OLS.
Consideration of structural breaks in Chilean economy using time series techniques.
Export diversification significantly contributes to economic growth in Chile.
Positive externalities from learning-by-doing and competition in international markets are observed.
Statistical analyses indicate robust relationships between diversification and growth metrics.

Herzer et al. (2006) studied this question.

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