Low export diversification is a risk-augmenting factor for many countries dependent on natural resources. The literature tends to focus on the growth effects of resource dependence (‘resource curse’ debate) while not much is known on how it affects the variety of non-resource exports. To quantify this effect we decompose the relative Theil index using product-level export data from 160 countries over the time period 1996–2018....

This paper compares two alternative growth paths, assessing the effects on productivity of specialisation in natural resources (NR) and in technologically advanced products. The empirical analysis exploits product-level export data for 109 developing and 51 developed economies over the period 1996–2018. We document two distinct types of specialisation, based on exports either of natural resources or of technological products, and...

Exports from high-income countries are three times more diversified than those from low-income economies. We provide a new tech-based interpretation of the stages of diversification accompanying the economic growth paths of countries. Using the decomposition properties of the relative Theil index in a sample of 160 countries (1996–2018), we reveal that export diversification is driven mainly by changes in the variety of non-tech...