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Working paper

Productive ecosystems and the arrow of development

Abstract:

Economic growth is often associated with diversification of economic activities. Making a product in a country is dependent on having, and acquiring, the capabilities needed to make the product, making the process path-dependent. We derive a probabilistic model to describe the directed dynamic process of capability accumulation and product diversification of countries. Using international trade data, the model enables us to empirically identify the set of pre-existing products that enables a ...

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Publication status:
Not published
Peer review status:
Reviewed (other)
Version:
Author's Original

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Institution:
University of Oxford
Division:
Maths, Physical and Life Sciences
Department:
Mathematical Institute
Role:
Author
Publication date:
2018-07-09
Pubs id:
pubs:867410
URN:
uri:3ee7d884-e909-44cd-8190-a3b4d29d6f3f
UUID:
uuid:3ee7d884-e909-44cd-8190-a3b4d29d6f3f
Local pid:
pubs:867410

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