Does volatility hinder economic complexity?

Désiré Avom (), Brice Kamguia () and Joseph Ngameni ()
Additional contact information
Désiré Avom: Faculty of economics and management, CEREG, University of Yaoundé II Soa, Cameroon
Brice Kamguia: Faculty of economics and management, LAREFA, University of Dschang, Cameroon
Joseph Ngameni: Faculty of economics and management, LAREFA, University of Dschang, Cameroon

Economics Bulletin, 2021, vol. 41, issue 3, 1187-1202

Abstract: This paper investigates the effect of the output and terms of trade volatility on economic complexity. To this end, we apply ordinanry least square, fixed effect and System GMM approach for a panel of 119 countries over the period 1998-2017. The findings reveal that the output and terms of trade volatility negatively affects economic complexity. Our empirical results also indicate that financial development, foreign direct investment, internet and income per capita have a positive effect on economic complexity while natural ressources have a negative effect.

Keywords: Economic complexity; Output volatility; Terms of trade volatility (search for similar items in EconPapers)
JEL-codes: E3 F2 (search for similar items in EconPapers)
Date: 2021-07-18
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2021/Volume41/EB-21-V41-I3-P100.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-20-01144

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().