Convergence in economic complexity: global evidence

被引：0
|
作者：
Chui, Chin Man [1 ,2 ]
Dewortor, Wisdom Kwabla [3 ]
Ojijieme, Nnaelue Godfrey [4 ]
Hsiao, Cody Yu-Ling [5 ,6 ]
Cai, Yujing [7 ]
机构：
[1] Macau Univ Sci & Technol, Sch Business, Macau, Peoples R China
[2] Macau Univ Sci & Technol, Inst Dev Econ, Macau, Peoples R China
[3] Henan Univ, Sch Econ, Kaifeng, Henan, Peoples R China
[4] Xi An Jiao Tong Univ, Sch Publ Policy & Adm, Xian, Peoples R China
[5] Macao Polytech Univ, Ctr Gaming & Tourism Studies, Taipa 999078, Macao, Peoples R China
[6] Australian Natl Univ, Ctr Appl Macroecon Anal, Canberra, Australia
[7] NYU, Robert F Wagner Grad Sch Publ Serv, New York, NY USA
来源：
APPLIED ECONOMICS LETTERS | 2024年
关键词：
Economic complexity; club convergence; Phillips and sul test; development; Panel data;
D O I：
10.1080/13504851.2024.2386159
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study explores the convergence pattern of economic complexity across a global sample of 129 countries from 1995 to 2020. The panel convergence method is employed, which endogenously identifies the membership of convergence clubs. The findings suggest that countries flock together in six distinct clubs. Upon further inspection, it becomes evident that factors such as population density, human capital, trade openness, foreign direct investment, and real GDP significantly influence the clubs' membership of economic complexity. Therefore, government policies must be specifically tailored to each club's determinants' unique characteristics to enhance a country's economic complexity.
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页数：8
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