Reinterpreting Economic Complexity: A co-clustering approach

arXiv:2406.16199v1 Announce Type: cross
Abstract: Economic growth results from countries' accumulation of organizational and technological capabilities. The Economic and Product Complexity Indices, introduced as an attempt to measure these capabilities from a country's basket of exported products, have become popular to study economic development, the geography of innovation, and industrial policies. Despite this reception, the interpretation of these indicators proved difficult. Although the original Method of Reflections suggested a direct interconnection between country and product metrics, it has been proved …

abstract arxiv become capabilities clustering complexity country development econ.gn economic economic growth geography growth industrial innovation policies popular product products q-fin.ec results stat.ap stat.ml study type