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For Adam Smith, wealth was related to the division of labor. As people and firms specialize in different activities, economic efficiency increases, suggesting that development is associated with an increase in the number of individual activities and with the complexity that emerges from the...
Persistent link: https://www.econbiz.de/10008528712
Much of the analysis of economic growth has focused on the study of aggregate output. Here, we deviate from this tradition and look instead at the structure of output embodied in the network connecting countries to the products that they export.We characterize this network using four structural...
Persistent link: https://www.econbiz.de/10008794586
In rank aggregation, members of a population rank issues to decide which are collectively preferred. We focus instead on identifying divisive issues that express disagreements among the preferences of individuals. We analyse the properties of our divisiveness measures and their relation to...
Persistent link: https://www.econbiz.de/10014520346
Persistent link: https://www.econbiz.de/10010218765
Ricardian theories of production often take the comparative advantage of locations in different industries to be uncorrelated. They are seen as the outcome of the realization of a random extreme value distribution. These theories do not take a stance regarding the counterfactual or implied...
Persistent link: https://www.econbiz.de/10010942816
In this paper we document that the probability that a product is added to a country's export basket is, on average, 65% larger if a neighboring country is a successful exporter of that same product. We interpret our result as evidence of international intra-industry knowledge diffusion. Our...
Persistent link: https://www.econbiz.de/10010551515
Decades of research in ecology have shown that nestedness is a ubiquitous characteristic of both, biological and economic ecosystems. The dynamics of nestedness, however, have rarely been observed. Here we show that the nestedness of both, the network connecting countries to the products that...
Persistent link: https://www.econbiz.de/10010551522
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
The literature on knowledge diffusion shows that it decays strongly with distance. In this paper we document that the probability that a product is added to a country's export basket is, on average, 65% larger if a neighboring country is a successful exporter of that same product. For existing...
Persistent link: https://www.econbiz.de/10010838935
The empirical study of network dynamics has been limited by the lack of longitudinal data. Here we introduce a quantitative indicator of link persistence to explore the correlations between the structure of a mobile phone network and the persistence of its links. We show that persistent links...
Persistent link: https://www.econbiz.de/10010871542