پیوند پیچیدگی اقتصادی، موسسات و نابرابری درآمد
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Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : World Development, Volume 93, May 2017, Pages 75-93
A countryâs mix of products predicts its subsequent pattern of diversification and economic growth. But does this product mix also predict income inequality? Here we combine methods from econometrics, network science, and economic complexity to show that countries exporting complex productsâas measured by the Economic Complexity Indexâhave lower levels of income inequality than countries exporting simpler products. Using multivariate regression analysis, we show that economic complexity is a significant and negative predictor of income inequality and that this relationship is robust to controlling for aggregate measures of income, institutions, export concentration, and human capital. Moreover, we introduce a measure that associates a product to a level of income inequality equal to the average GINI of the countries exporting that product (weighted by the share the product represents in that countryâs export basket). We use this measure together with the network of related productsâor product spaceâto illustrate how the development of new products is associated with changes in income inequality. These findings show that economic complexity captures information about an economyâs level of development that is relevant to the ways an economy generates and distributes its income. Moreover, these findings suggest that a countryâs productive structure may limit its range of income inequality. Finally, we make our results available through an online resource that allows for its users to visualize the structural transformation of over 150 countries and their associated changes in income inequality during 1963â2008.