Ferrarini, Benno and Scaramozzino, Pasquale (2016) 'Production Complexity, Adaptability and Economic Growth.' Structural Change and Economic Dynamics, 37. pp. 52-61.
|
Text (Accepted Version)
- Draft Version
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: | Journal Article |
|---|---|
| Keywords: | product space, production adaptability, economic growth |
| SOAS Departments & Centres: | Legacy Departments > Faculty of Law and Social Sciences > School of Finance and Management Legacy Departments > 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 |
| DOI (Digital Object Identifier): | https://doi.org/10.1016/j.strueco.2015.12.001 |
| Date Deposited: | 17 Feb 2016 17:35 |
| URI: | https://eprints.soas.ac.uk/id/eprint/21916 |
Altmetric Data
Statistics
Accesses by country - last 12 months | Accesses by referrer - last 12 months |
Repository staff only
 |
Edit Item |