Production Complexity, Adaptability and Economic Growth
| Main author: | Ferrarini, Benno |
|---|---|
| Other authors: | Scaramozzino, Pasquale |
| Format: | Journal Article |
| Online access: |
Click here to view record |
| id |
eprints-21916 |
|---|---|
| recordtype |
eprints |
| institution |
SOAS, University of London |
| collection |
SOAS Research Online |
| language |
English |
| language_search |
English |
| topic |
HA Statistics HB Economic Theory HD28 Management. Industrial Management HF Commerce T Technology (General) |
| description |
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. |
| format |
Journal Article |
| author |
Ferrarini, Benno |
| author_facet |
Ferrarini, Benno Scaramozzino, Pasquale |
| authorStr |
Ferrarini, Benno |
| author_letter |
Ferrarini, Benno |
| author2 |
Scaramozzino, Pasquale |
| author2Str |
Scaramozzino, Pasquale |
| title |
Production Complexity, Adaptability and Economic Growth |
| publisher |
Elsevier |
| publishDate |
2016 |
| url |
https://eprints.soas.ac.uk/21916/
|