Neighbors and the evolution of the comparative advantage of nations: Evidence of international knowledge diffusion? |
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Authors: | Dany Bahar Ricardo Hausmann Cesar A Hidalgo |
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Institution: | 1. Harvard Kennedy School, United States;2. Center for International Development at Harvard University, United States;3. Macro Connections Group at MIT Media Lab, United States |
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Abstract: | The literature on knowledge diffusion shows that knowledge decays strongly with distance. In this paper we document that the probability that a product is added to a country's export basket is, on average, 65% larger if a neighboring country is a successful exporter of that same product. For existing products, growth of exports in a country is 1.5% higher per annum if it has a neighbor with comparative advantage in these products. While these results could be driven by a common third factor that escapes our controls, they align with our expectations of the localized character of knowledge diffusion. |
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Keywords: | O31 O33 F10 F62 F63 |
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