Abstract
This study explores the convergence pattern of economic complexity across a global sample of 129 countries from 1995 to 2020. The panel convergence method is employed, which endogenously identifies the membership of convergence clubs. The findings suggest that countries flock together in six distinct clubs. Upon further inspection, it becomes evident that factors such as population density, human capital, trade openness, foreign direct investment, and real GDP significantly influence the clubs’ membership of economic complexity. Therefore, government policies must be specifically tailored to each club’s determinants’ unique characteristics to enhance a country’s economic complexity.
| Original language | English |
|---|---|
| Pages (from-to) | 668-675 |
| Number of pages | 8 |
| Journal | Applied Economics Letters |
| Volume | 33 |
| Issue number | 5 |
| DOIs | |
| Publication status | Published - 2026 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 10 Reduced Inequalities
Keywords
- Economic complexity
- Panel data
- Phillips and sul test
- club convergence
- development
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