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Countries differ markedly in the diversification of their exports. Products differ in the number of countries that export them, which we define as their ubiquity. We document a new stylized fact in the global pattern of exports: there is a systematic relationship between the diversification of a...
Persistent link: https://www.econbiz.de/10010838933
Countries differ markedly in the diversification of their exports. Products differ in the number of countries that export them, which we define as their ubiquity. We document a new stylized fact in the global pattern of exports: there is a systematic relationship between the diversification of a...
Persistent link: https://www.econbiz.de/10014188242
Understanding the differences between rich and poor places is complicated by the fact that places differ from each other in numerous ways. In this paper, we show how a dimension reduction algorithm can unveil hidden patterns in US census data and consistently yield useful insights into the type...
Persistent link: https://www.econbiz.de/10012912692
Persistent link: https://www.econbiz.de/10014363677
We revisit the well-known fact that richer countries tend to produce a larger variety of goods and analyze economic development through (export) diversifcation. We show that countries are more likely to enter ‘nearby’ industries, i.e., industries that require fewer new occupations. To...
Persistent link: https://www.econbiz.de/10014076440
We revisit the well-known fact that richer countries tend to produce a larger variety of goods and analyze economic development through (export) diversification. We show that countries are more likely to enter ‘nearby’ industries, i.e., industries that require fewer new occupations. To...
Persistent link: https://www.econbiz.de/10014243607
This paper explores export performance in South Africa over the past 50 years, and concludes that a lagging process of … Africa is found to be a consequence of the peripheral nature of South Africa's productive capabilities. We apply new tools to … evaluate South Africa's future prospects for structural transformation, as well as to explore the sectoral priorities of the …
Persistent link: https://www.econbiz.de/10012732713
In this paper we examine the product space and its consequences for the process of structural transformation. We argue that the assets and capabilities needed to produce one good are imperfect substitutes for those needed to produce other goods, but the degree of asset specificity varies widely....
Persistent link: https://www.econbiz.de/10014055093
Persistent link: https://www.econbiz.de/10011290022
Persistent link: https://www.econbiz.de/10011348569