Diversification, structural change, and economic development

Saviotti, Pier-Paolo; Pyka, Andreas; Jun, Bogang

doi:10.1007/s00191-020-00672-w

Cited by 30 publications

(12 citation statements)

References 98 publications

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“…Economic development usually involves structural transformation, which implies growing the variety and sophistication of economic output (Felipe et al, 2012;Hidalgo et al, 2007;Saviotti & Frenken, 2008;Saviotti et al, 2021). But how does structural transformation take place?…”

Section: Literature Reviewmentioning

confidence: 99%

Spillovers across industries and regions in China’s regional economic diversification

et al. 2021

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Industrial diversification depends on spillovers from related industries and nearby regions, yet their interaction remains largely unclear. We study economic diversification in China during the period 1990-2015 and present supportive evidence on both spillover channels. We add to the literature by showing that these two channels behave as substitutes when explaining new entries and exits, and by using acceleration campaigns of high-speed rail to address some endogeneity concerns with regional spillovers. Our findings confirm the role of relatedness and geographical distance in the diffusion of economic capabilities and support the idea that improvements in transportation can facilitate the diffusion of productive capabilities.

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Section: Literature Reviewmentioning

confidence: 99%

Spillovers across industries and regions in China’s regional economic diversification

et al. 2021

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“…Socio-economic development is associated with the economic, demographic, and natural aspects as well as with the geographical location (Saviotti et al 2020). The developmental potential of communes is built by financial resources, the professional activities of inhabitants, the local labor market, entrepreneurship, infrastructure, and the condition of the natural environment (Vermeulen and Pyka 2018).…”

Section: Discussionmentioning

confidence: 99%

Influence of Financial Variables on the Development of Rural Communes of Eastern Poland in 2009–2018

Pawlik

Dziekański

Przybytniowski

2021

Risks

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Communes are a place of both economic activity and creation development. They have autonomy in making decisions in the fields of financial, human, and material resources. This research was carried out with the use of a synthetic measure. The aim was to show the impact of financial variables on the development process of rural communes in eastern Poland. The data were collected in spatial terms for 484 rural communes from the region of eastern Poland. The choice of variables was conditioned by the availability of GUS data for the period 2009–2018. The distribution of the evaluation of the development and financial situation of rural communes in eastern Poland was spatially polarized. The reason for the low impact of financial conditions on the development of rural communes in eastern Poland is their dependence on income transferred from the state budget. This stiffens and at the same time stabilizes the financial economy, making it relatively insensitive to the influence of other factors. Low independence can be a significant barrier to future local development. Finance and the economy are intertwined. Actions taken with respect to these must be based on analyses that facilitate making the right decisions.

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“…While the concept of variety and their role in economic development had been ignored in the mainstream economics, scholars in evolutionary economics have paid their attention to the role of variety in the structural change and the economic development (Pasinetti, 1983;Saviotti et al, 1996;Saviotti and Pyka, 2004;Saviotti et al, 2020). In this stream, the degree of relatedness driving knowledge spillover has been highlighted as a determinant of regional growth paths in the field of evolutionary economic geography and regional study (Boschma, 2017;Hassink et al, 2019;Hidalgo et al, 2018;Oinas et al, 2018).…”

Section: Relatedness and Knowledge Spillovermentioning

confidence: 99%

The spillover effect of neighboring port on regional industrial diversification and regional economic resilience

Yeon¹,

Hwang²,

Jun³

2022

Preprint

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We examine the spillover effect of neighboring ports on regional industrial diversification and their economic resilience using the export data of South Korea from 2006 to 2020. First, we build two distinct product spaces of ports and port regions, and provide direct estimates of the role of neighboring ports as spillover channels spatially linked. This is in contrast to the previous literature that mainly regarded ports as transport infrastructure per se. Second, we confirm that the knowledge spillover effect from neighboring ports had a non-negligible role in sustaining regional economies during the recovery after the economic crisis but its power has weakened recently due to a loosened global value chain.

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Diversification, structural change, and economic development

Cited by 30 publications

References 98 publications

Spillovers across industries and regions in China’s regional economic diversification

Spillovers across industries and regions in China’s regional economic diversification

Influence of Financial Variables on the Development of Rural Communes of Eastern Poland in 2009–2018

The spillover effect of neighboring port on regional industrial diversification and regional economic resilience

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