Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches the
In 2007, Hausmann, Hwang and Rodrik (HHR) demonstrated that export specialization patterns have important implications for economic growth. The authors develope
When local cost discovery generates knowledge spillovers, specialization patterns become partly indeterminate and the mix of goods that a country produces may h
Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This pap
In this paper we first propose a proxy for the maturity of a country's export bundle based on product life cycle theory. Employing a conditional latent class mo