[ skip to content ]

Production Complexity, Adaptability and Economic Growth

Ferrarini, Benno and Scaramozzino, Pasquale (2016) 'Production Complexity, Adaptability and Economic Growth.' Structural Change and Economic Dynamics, 37. pp. 52-61.

[img]
Preview
Text (Accepted Version)
Available under License Creative Commons Attribution Non-commercial No Derivatives.

Download (502kB) | Preview

Abstract

This paper analyzes the impact of production complexity and its adaptability on the level of output and on its rate of growth. We develop an endogenous growth model where increased complexity raises the rate of economic growth but has an ambiguous effect on the level of output. Our empirical measure of production adaptability captures the proximity of production sectors within the product space, which we modify to reflect intra-industry trade and the international fragmentation of production. We test the model against a sample of 89 countries over the two decades to 2009 and find that its main predictions are validated.

Item Type: Articles
Keywords: product space, production adaptability, economic growth
SOAS Departments & Centres: Faculty of Law and Social Sciences > School of Finance and Management
Faculty of Law and Social Sciences > School of Finance and Management > Centre for Financial and Management Studies (CeFiMS)
Subjects: H Social Sciences > HA Statistics
H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce
T Technology > T Technology (General)
ISSN: 0954349X
Depositing User: Pasquale Scaramozzino
Date Deposited: 17 Feb 2016 17:35
URI: http://eprints.soas.ac.uk/id/eprint/21916

Statistics

Download activity - last 12 months
Downloads since deposit
4Downloads
127Hits
Accesses by country - last 12 months
Accesses by referrer - last 12 months
Additional statistics for this record are available via IRStats2

Repository staff only

Edit Item Edit Item