On the Impact of Economic Complexity on the Relationship Between GRP Trajectories and Technical Efficiency

DOI

10.2991/aebmr.k.200502.016How to use a DOI?

Keywords

technical efficiency, economic complexity, regional economy, econometric modeling

Abstract

With other factors unchanged, an increase in the technical efficiency of the region leads to an increase in its GRP. However, the GRP trajectory is not necessarily interconnected with the trajectory of its technical efficiency. The hypothesis is tested that for groups of regions with a close structure of strong sectors, with fairly high group estimates of economic complexity and group estimates of the relationship of GRP trajectories and technical efficiency trajectories, economic complexity affects the degree of statistical interconnection of trajectories. With low group assessments of the trajectories interconnection, or low group assessments of economic complexity, the level of interconnection between GRP trajectories and technical efficiency trajectories depends on the structure of strong sectors that determines the specifics of the group.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - M. Afanasiev
AU  - A. Kudrov
PY  - 2020
DA  - 2020/05/05
TI  - On the Impact of Economic Complexity on the Relationship Between GRP Trajectories and Technical Efficiency
BT  - Proceedings of the 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020)
PB  - Atlantis Press
SP  - 102
EP  - 107
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200502.016
DO  - 10.2991/aebmr.k.200502.016
ID  - Afanasiev2020
ER  -