Ontology highlight
ABSTRACT:
SUBMITTER: O'Clery N
PROVIDER: S-EPMC7977064 | biostudies-literature | 2021 Mar
REPOSITORIES: biostudies-literature

O'Clery Neave N Yıldırım Muhammed Ali MA Hausmann Ricardo R
Nature communications 20210305 1
Economic growth is associated with the diversification of economic activities, which can be observed via the evolution of product export baskets. Exporting a new product is dependent on having, and acquiring, a specific set of capabilities, making the diversification process path-dependent. Taking an agnostic view on the identity of the capabilities, here we derive a probabilistic model for the directed dynamical process of capability accumulation and product diversification of countries. Using ...[more]