Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/226507 
Authors: 
Year of Publication: 
2020
Series/Report no.: 
Research Paper No. 14
Publisher: 
EcoAustria - Institute for Economic Research, Vienna
Abstract: 
In economic literature, economic complexity is typically approximated on the basis of an economy's gross export structure. However, in times of ever increasingly integrated global value chains, gross exports may convey an inaccurate image of a country's economic performance since they also incorporate foreign valueadded and double-counted exports. Thus, I introduce a new empirical approach approximating economic complexity based on a country's value-added export structure. This approach leads to substantially different complexity rankings compared to established metrics. Moreover, the explanatory power of GDP per capita growth rates for a sample of 40 lower-middle to high-income countries is considerably higher, even if controlling for typical growth regression covariates.
Subjects: 
complexity
economic growth
value-added exports
JEL: 
O19
O47
F43
Document Type: 
Working Paper

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