Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/326928 
Year of Publication: 
2024
Series/Report no.: 
UNU-MERIT Working Papers No. 2024-032
Publisher: 
United Nations University (UNU), Maastricht Economic and Social Research Institute on Innovation and Technology (UNU-MERIT), Maastricht
Abstract: 
Trade worldwide is being reshaped by two major megatrends: advanced digitalization of production and the transition towards environmentally sustainable goods. This chapter examines for the first time the perspective of twin transition export and import diversification within a multi-dimensional economic complexity approach (Nomaler & Verspagen, 2024b, 2024d) and investigate whether this type of productive transformation perpetuates path-dependency processes in 80 countries over 2000-2018. The results suggest that an export/import productive structure based on twin transition products exhibit different economic performance, sustainability, and inequality implications. Productive specialization in these products has been very path-dependent and with a low engagement of developing countries and hence, reinforcing the core-periphery trade division. Furthermore, results suggest that developments in digital and green technological paradigms mainly take place in a selected number of countries that are already highly developed.
Subjects: 
multi-dimensional economic complexity
canonical correspondence analysis
twin transition
sustainable development
JEL: 
F14
O10
Q01
Creative Commons License: 
cc-by-nc-sa Logo
Document Type: 
Working Paper

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