A Simple Measure of Economic Complexity
Papers from arXiv.org
We show from a simple model that a country's technological development can be measured by the logarithm of the number of products it makes. We show that much of the income gaps among countries are due to differences in technology, as measured by this simple metric. Finally, we show that the so-called Economic Complexity Index (ECI), a recently proposed measure of collective knowhow, is in fact an estimate of this simple metric (with correlation above 0.9).
New Economics Papers: this item is included in nep-tid
Date: 2016-01, Revised 2016-01
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://arxiv.org/pdf/1601.05012 Latest version (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1601.05012
Access Statistics for this paper
More papers in Papers from arXiv.org
Series data maintained by arXiv administrators ().