Economic Complexity, Embedding Degree and Adjacent Diversity of the Regional Economies

Mikhail Y. Afanasyev and Alexander Kudrov ()

Montenegrin Journal of Economics, 2021, vol. 17, issue 2, 7-22

Abstract: TThis paper presents a probabilistic model for identifying potential sectors for inclusive economic development related to existing comparative advantages of the regional economy. The model uses bipartite network representation for the economy’s structures pre-sented in the paper (Hausmann, Hidalgo, Bustos, Coscia, Simoes, Yildirim, 2011). For the considered network representation, it is given the probabilistic interpretation and described some theoret-ical properties. Also, it is presented the procedure for filtering the network structure from randomness, which improves the model’s quality.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:mje:mjejnl:v:17:y:2021:i:2:7-22

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