Describing Costa Rica’s Economic Network

Vladimir González-Gamboa and Esteban Durán-Monge

Revista de Ciencias Económicas, 2024, vol. 42, issue 2

Abstract: This study establishes the foundation for viewing the Costa Rican economy as a complex system and provide policymakers with a robust analytical framework to enhance economic performance. To tackle the initial challenge of understanding the economy as an interconnected structure, we analyze the economic relationships among the products within Costa Rica's Input-Output Matrix. Through this analysis, we identify the best positioned actors, both individually and as part of network subgroups. Understanding the positioning of these actors within the network is crucial to comprehend how their roles can be improved by accessing different network regions and establishing relations with other actors. Our findings reveal the existence of actors that have access to different regions within the network, allowing them to serve as bridges between economic sectors. Consequently, strengthening these well-positioned actors through targeted policies can yield simultaneous benefits for both network subgroups and the overall economy.

Keywords: ECONOMIC NETWORK; ECONOMIC METHODOLOGY; QUANTITATIVE METHODS; INPUT-OUTPUT MODEL; COMPLEX NETWORKS; C02; C18; C31; C67; RED ECONÓMICA; METODOLOGÍA ECONÓMICA; MÉTODOS CUANTITATIVOS; MODELO INPUT-OUTPUT; REDES COMPLEJAS; C02; C18; C31; C67 (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2024
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