novel indicators able to capture demand and supply attributes of countries' quality of specialization. The Keynesian … product-level patent intensities. These two dimensions of quality of specialization are effective in explaining the rate and … specialization per sé is detrimental for growth resilience while countries with a diversified export structure, specialised either in …

specialization and hence exposure to sector-specific shocks. We revisit the common wisdom and argue that when country-wide shocks are … importance of the two mechanisms (sectoral specialization and cross-country diversification) and provide a new answer to the …