Economics at your fingertips  

Economic diversification: A model of structural economic dynamics and endogenous technological change

Clovis Freire

Structural Change and Economic Dynamics, 2019, vol. 49, issue C, 13-28

Abstract: Economic diversification is relevant for poorer developing countries to create jobs and foster economic development. The empirical economic literature has identified several stylized facts about the pattern of diversification of economies, but the development of explanations for those patterns, in general, has been only loosely associated with an economic theory on growth, trade, technology change and structural transformation. Making that connection is relevant because it could inform policymakers in developing countries in designing and implementing policies for promoting diversification. This paper presents a model of structural economic dynamics and endogenous technological change that can replicate empirical regularities related to economic diversification.

Keywords: Diversification; Economic complexity; Structural transformation; Productive capacities; Economic development (search for similar items in EconPapers)
JEL-codes: C61 C63 E12 E14 O11 O30 O41 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

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:

Access Statistics for this article

Structural Change and Economic Dynamics is currently edited by F. Duchin, H. Hagemann, M. Landesmann, R. Scazzieri, A. Steenge and B. Verspagen

More articles in Structural Change and Economic Dynamics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2019-08-24
Handle: RePEc:eee:streco:v:49:y:2019:i:c:p:13-28