The Structure of the Product Space and the Evolution of Comparative Advantage

@inproceedings{Hausmann2007TheSO,
  title={The Structure of the Product Space and the Evolution of Comparative Advantage},
  author={Ricardo Hausmann and B. Klinger},
  year={2007}
}
This paper establishes a robust stylized fact: changes in the revealed comparative advantage of nations are governed by the pattern of relatedness of products at the global level. As countries change their export mix, there is a strong tendency to move towards related goods rather than to goods that are farther away. The pattern of relatedness of products is only very partially explained by similarity in broad factor or technological intensities, suggesting that the relevant determinants are… CONTINUE READING
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