in cooperation with

Dear colleague,

we cordially invite you to the following event:

On the evolution of comparative advantage: path-dependent versus path-defying changes

Nicola Cantore
Department of Policy Research and Statistics at UNIDO
Michele Clara
Research and Policy Advice Division at UNIDO

Monday, 25 February 2019, 3:00 pm (15:00 CET)
wiiw, Rahlgasse 3, 1060 Vienna

FIW-wiiw Seminars in International Economics

The diversification of production and trade is considered almost unanimously a fundamental policy goal, particularly for developing economies whose export baskets are heavily concentrated on a few products. In what direction trade diversification ought to take place is, however, subject to fierce debate. The Product Space (PS) framework (Hausmann and Klinger, 2007; Hidalgo et al. 2007) is a recent contribution in the economic literature that has proved very influential in policy circles. It argues that the endowment of production capabilities (technologies, production factors, institutions etc.) determines what countries produce today but it also constrains what they can produce in the future as it is uncommon that countries develop a comparative advantage in goods that do not draw from the same pool of capabilities (unrelated products). ...more

We kindly ask you to register for the event. Participation is free of charge.

Best regards,