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Complex economies have a lateral escape from the poverty trap

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  • Emanuele Pugliese
  • Guido L. Chiarotti
  • Andrea Zaccaria
  • Luciano Pietronero

Abstract

We analyze the decisive role played by the complexity of economic systems at the onset of the industrialization process of countries over the past 50 years. Our analysis of the input growth dynamics, based on a recently introduced measure of economic complexity, reveals that more differentiated and more complex economies face a lower barrier (in terms of GDP per capita) when starting the transition towards industrialization. Moreover, adding the complexity dimension to the industrialization process description helps to reconcile current theories with empirical findings.

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  • Emanuele Pugliese & Guido L. Chiarotti & Andrea Zaccaria & Luciano Pietronero, 2015. "Complex economies have a lateral escape from the poverty trap," Papers 1511.08622, arXiv.org.
    • Handle: RePEc:arx:papers:1511.08622
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    References listed on IDEAS

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    Cited by:

    1. Orazio Angelini & Matthieu Cristelli & Andrea Zaccaria & Luciano Pietronero, 2017. "The complex dynamics of products and its asymptotic properties," PLOS ONE, Public Library of Science, vol. 12(5), pages 1-20, May.
    2. A. A. Gnidchenko, 2017. "Import substitution as a complementary strategy," Studies on Russian Economic Development, Springer, vol. 28(6), pages 593-599, November.
    3. Orazio Angelini & Matthieu Cristelli & Andrea Zaccaria & Luciano Pietronero, 2016. "The complex dynamics of products and its asymptotic properties," Papers 1610.00274, arXiv.org, revised May 2017.

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