Growth dynamics and complexity of national economies in the global trade network.

ABSTRACT: We explore the quantitative nexus among economic growth of a country, diversity and specialization of its productions, and evolution in time of its basket of exports. To this purpose we set up a dynamic model and construct economic complexity measures based on panel data concerning up to 1238 exports of 223 countries for 21 years. Key statistical features pertaining to the distribution of resources in the different exports of each country reveal essential in both cases. The parameters entering the evolution model, combined with counterfactual analyses of synthetic simulations, give novel insight into cooperative effects among different productions and prospects of growth of each economy. The complexity features emerging from the analysis of dynamics are usefully compared with gross domesti

SUBMITTER: Teza G 

PROVIDER: S-EPMC6189074 | biostudies-literature | 2018 Oct

REPOSITORIES: biostudies-literature