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Title:Product complexity and economic development PDF Logo
Authors:Abdon, Arnelyn
Bacate, Marife
Felipe, Jesus
Kumar, Utsav
Issue Date:2010
Series/Report no.:Working paper, Levy Economics Institute 616
Abstract:We rank 5,107 products and 124 countries according to the Hidalgo and Hausmann (2009) measures of complexity. We find that: (1) the most complex products are in machinery, chemicals, and metals, while the least complex products are raw materials and commodities, wood, textiles, and agricultural products; (2) the most complex economies in the world are Japan, Germany, and Sweden, and the least complex, Cambodia, Papua New Guinea, and Nigeria; (3) the major exporters of the more complex products are the high-income countries, while the major exporters of the less complex products are the low-income countries; and (4) export shares of the more complex products increase with income, while export shares of the less complex products decrease with income. Finally, we relate the measure of product complexity with the concept of Complex Products and Systems, and find a high degree of conformity between them.
Subjects:capabilities
development
economic complexity
diversification
method of reflections
product complexity
ubiquity
JEL:O10
O14
Document Type:Working Paper
Appears in Collections:Working Papers, Levy Economics Institute of Bard College

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