英文标题:
《Linking Economic Complexity, Institutions and Income Inequality》
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作者:
D. Hartmann, M.R. Guevara, C. Jara-Figueroa, M. Aristaran, C.A.
Hidalgo
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最新提交年份:
2017
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英文摘要:
A country\'s mix of products predicts its subsequent pattern of diversification and economic growth. But does this product mix also predict income inequality? Here we combine methods from econometrics, network science, and economic complexity to show that countries exporting complex products (as measured by the Economic Complexity Index) have lower levels of income inequality than countries exporting simpler products. Using multivariate regression analysis, we show that economic complexity is a significant and negative predictor of income inequality and that this relationship is robust to controlling for aggregate measures of income, institutions, export concentration, and human capital. Moreover, we introduce a measure that associates a product to a level of income inequality equal to the average GINI of the countries exporting that product (weighted by the share the product represents in that country\'s export basket). We use this measure together with the network of related products (or product space) to illustrate how the development of new products is associated with changes in income inequality. These findings show that economic complexity captures information about an economy\'s level of development that is relevant to the ways an economy generates and distributes its income. Moreover, these findings suggest that a country\'s productive structure may limit its range of income inequality. Finally, we make our results available through an online resource that allows for its users to visualize the structural transformation of over 150 countries and their associated changes in income inequality between 1963 and 2008.
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中文摘要:
一个国家的产品组合可以预测其随后的多样化和经济增长模式。但这种产品组合是否也能预测收入不平等?在这里,我们结合了计量经济学、网络科学和经济复杂性的方法,表明出口复杂产品的国家(以经济复杂性指数衡量)的收入不平等水平低于出口简单产品的国家。通过多元回归分析,我们发现经济复杂性是收入不平等的一个显著的负预测因子,并且这种关系对于控制收入、制度、出口集中度和人力资本的总体衡量指标是稳健的。此外,我们引入了一个衡量标准,将一种产品与收入不平等水平相关联,该水平等于该产品出口国的平均基尼(按该产品在该国出口篮子中所占份额加权)。我们将这一指标与相关产品网络(或产品空间)结合起来,来说明新产品的开发与收入不平等的变化之间的关系。这些发现表明,经济复杂性捕获了与经济产生和分配收入方式相关的经济发展水平信息。此外,这些发现表明,一个国家的生产结构可能会限制其收入不平等的范围。最后,我们通过一个在线资源提供我们的结果,该资源允许用户可视化150多个国家的结构转型以及1963年至2008年期间收入不平等的相关变化。
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:Economics 经济学
分类描述:q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学,包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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一级分类:Physics 物理学
二级分类:Physics and Society 物理学与社会
分类描述:Structure, dynamics and collective behavior of societies and groups (human or otherwise). Quantitative analysis of social networks and other complex networks. Physics and engineering of infrastructure and systems of broad societal impact (e.g., energy grids, transportation networks).
社会和团体(人类或其他)的结构、动态和集体行为。社会网络和其他复杂网络的定量分析。具有广泛社会影响的基础设施和系统(如能源网、运输网络)的物理和工程。
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