Publication:
Integrating Services in the Economic Fitness Approach

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dc.contributor.authorZaccaria, Andrea
dc.contributor.authorMishra, Saurabh
dc.contributor.authorCader, Masud
dc.contributor.authorPietronero, Luciano
dc.date.accessioned2018-06-28T14:27:39Z
dc.date.available2018-06-28T14:27:39Z
dc.date.issued2018-06
dc.description.abstractEconomic Complexity is a set of network-based and algorithmic methods for the study of economic development and competitiveness. In this framework, Economic Fitness is an innovative approach that improves the mathematical and conceptual scheme. For convenience, these methods were originally conceived on trade in goods. This paper extends the Economic Fitness methodology to include a trade in services element to yield a universal matrix of world trade and thus provide a more complete picture of a country's development and global competitiveness. The paper applies two algorithms to the universal trade in goods and services matrix to contrast country competitiveness and change in complexity and diversification when services are added to the traditional goods-only matrix. The results show that (i) the competitiveness of many countries was previously over- or underestimated, that is, many countries gain or lose positions in the ranking of economic fitness when services trade is considered alongside goods; and (ii) complex services tend to cluster with complex manufacturing, suggesting a common capabilities structure. These findings show how developing complex services aids diversification strategies for developing countries.en
dc.identifierhttp://documents.worldbank.org/curated/en/309521529586431853/Integrating-services-in-the-economic-fitness-approach
dc.identifier.doi10.1596/1813-9450-8485
dc.identifier.urihttps://hdl.handle.net/10986/29938
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8485
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectSERVICES TRADE
dc.subjectSERVICES EXPORTS
dc.subjectEXPORT COMPETITIVENESS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC COMPLEXITY
dc.subjectECONOMIC FITNESS
dc.subjectGLOBAL TRADE
dc.subjectDIVERSIFICATION
dc.titleIntegrating Services in the Economic Fitness Approachen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleIntegrating Services in the Economic Fitness Approach
okr.date.disclosure2018-06-21
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/309521529586431853/Integrating-services-in-the-economic-fitness-approach
okr.guid309521529586431853
okr.identifier.doi10.1596/1813-9450-8485
okr.identifier.externaldocumentum090224b085c52d0f_1_0
okr.identifier.internaldocumentum30184072
okr.identifier.reportWPS8485
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/309521529586431853/pdf/WPS8485.pdfen
okr.statistics.combined2323
okr.statistics.dr309521529586431853
okr.statistics.drstats1797
okr.topicInternational Economics and Trade::Export Competitiveness
okr.topicInternational Economics and Trade::Trade Policy
okr.topicInternational Economics and Trade::Trade and Multilateral Issues
okr.topicInternational Economics and Trade::Trade and Services
okr.unitInternational Finance Corporation
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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