From innovation to diversification: a simple competitive model

Fabio Saracco, Riccardo Di Clemente, Andrea Gabrielli and Luciano Pietronero

Papers from arXiv.org

Abstract: Few attempts have been proposed in order to describe the statistical features and historical evolution of the export bipartite matrix countries/products. An important standpoint is the introduction of a products network, namely a hierarchical forest of products that models the formation and the evolution of commodities. In the present article, we propose a simple dynamical model where countries compete with each other to acquire the ability to produce and export new products. Countries will have two possibilities to expand their export: innovating, i.e. introducing new goods, namely new nodes in the product networks, or copying the productive process of others, i.e. occupying a node already present in the same network. In this way, the topology of the products network and the country-product matrix evolve simultaneously, driven by the countries push toward innovation.

Date: 2015-08, Revised 2015-11
New Economics Papers: this item is included in nep-cdm, nep-cse, nep-ger, nep-ino and nep-knm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Published in PloS One 10(11): e0140420 (2015)

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Journal Article: From Innovation to Diversification: A Simple Competitive Model (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1508.03571

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