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The policy implications of economic complexity

Cesar Hidalgo

Research Policy, 2023, vol. 52, issue 9

Abstract: In recent years economic complexity has grown into an active field of fundamental and applied research. Yet, despite important advances, the policy implications of economic complexity can remain unclear or misunderstood. Here I organize the policy implications of economic complexity in a framework grounded on 4 Ws: what approaches, focused on identifying target activities and/or locations; when approaches, focused on the timing of related and unrelated diversification; where approaches, focused on the geographic diffusion of knowledge; and who approaches, focused on the role played by agents of structural change. The goal of this paper is to provide a framework that groups, organizes, and clarifies the policy implications of economic complexity and facilitates its continued use in regional and international development.

Keywords: Economic complexity; Industrial policy; Relatedness; Smart specialization; Networks (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (12)

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Working Paper: The policy implications of economic complexity (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:52:y:2023:i:9:s0048733323001476

DOI: 10.1016/j.respol.2023.104863

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