Grancay, Martin; Grancay, Nora; Dudas, Tomas - In: Contemporary economics 9 (2015) 2, pp. 233-244
In 2007, Hausmann, Hwang and Rodrik (HHR) demonstrated that export specialization patterns have important implications … between export sophistication and economic growth. As a result, we argue that EXPY is not a good predictor of future economic … performance when the prices of primary commodities are unstable. Policy makers must be aware that, while what countries export is …
