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What is ECI and Output Volatility in Economies about?

This study examines the relationship between the Economic Complexity Index (ECI) and output volatility in high and low income countries, finding that more complex economies are better shielded against external shocks. The research indicates that high income countries benefit from increased ECI in reducing output volatility more effectively than low income countries, which tend to have less diversified export goods. The findings suggest that enhancing export complexity could help low income countries mitigat

Author

Rayhan Aujri

Language

EN