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Désiré Avom, Brice Kamguia and Joseph Pasky Ngameni
''Does volatility hinder economic complexity?''
( 2021, Vol. 41 No.3 )
This paper investigates the effect of the output and terms of trade volatility on economic complexity. To this end, we apply ordinanry least square, fixed effect and System GMM approach for a panel of 119 countries over the period 1998-2017. The findings reveal that the output and terms of trade volatility negatively affects economic complexity. Our empirical results also indicate that financial development, foreign direct investment, internet and income per capita have a positive effect on economic complexity while natural ressources have a negative effect.
Keywords: Economic complexity, Output volatility, Terms of trade volatility
JEL: E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
F2 - International Factor Movements and International Business: General
Manuscript Received : Nov 19 2020 Manuscript Accepted : Jul 18 2021

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