2022/03/30 by Önder Nomaler, Bart Verspagen, Nomaler, Önder +1
Agricultural and Biological Sciences · Business, Management and Accounting · Economics, Econometrics and Finance · #Economic and Technological Innovation #FOS: Economics and business #General Economics (econ.GN) #Global Trade and Competitiveness #Organic Food and Agriculture
paper · pdf · doi:10.48550/arxiv.2203.16316
openalex publication_date 2022/03/30 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
We aim to contribute to the literature on product space and diversification by proposing a number of extensions of the current literature: (1) we propose that the alternative but related idea of a country space also has empirical and theoretical appeal; (2) we argue that the loss of comparative advantage should be an integral part of (testing the empirical relevance of) the product space idea; (3) we propose several new indicators for measuring relatedness in product space; and (4) we propose a non-parametric statistical test based on bootstrapping to test the empirical relevance of the product space idea.