Measuring within Diversification
As evidenced in the literature, countries diversify their exports not only across products, but also within products. An index that takes the within-industry dynamics into account is, however, not available. To fill this gap, a new index of diversification, Within Diversification Index
(WDI), is constructed and presented for empirical purposes. The index values show that as countries become richer, their level of within diversification increases.
Keywords: Diversification; dynamic comparative advantage; exports
Document Type: Research Article
Affiliations: Economic and Social Research Department, SESRIC, Ankara, Turkey
Publication date: 26 May 2016
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