Determinants of the international competitiveness of the Department of Magdalena Colombia: An approach based on the Theory of Economic Complexity.

This article presents a measurement of the effect that the Economic Complexity and the Product Complexity have on the export competitiveness of the department of Magdalena. The method used was an economic model of panel data in three dimensions. The results show that, the export competitiveness of t...

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Detalles Bibliográficos
Autores Principales: Sáenz-Zapata, José Alfonso, Lugo-Arias, Elkyn Rafael, Parada-Pérez, Jesús Alberto
Formato: Artículo (Article)
Lenguaje:Español (Spanish)
Publicado: Universidad Libre Sede Cartagena 2019
Materias:
Descripción
Sumario:This article presents a measurement of the effect that the Economic Complexity and the Product Complexity have on the export competitiveness of the department of Magdalena. The method used was an economic model of panel data in three dimensions. The results show that, the export competitiveness of the department become higher as the economic complexity is greater, this relationship is exponential. On the other hand, competitiveness increases when the product complexity is greater, a lower product complexity does not contribute much to competitiveness, it could even affect it negatively; on the other hand, a negative product complexity may increase competitiveness, but it is not advisable to bet on these products since the economic complexity of the territory is not increased. It is recommended to develop a policy of industrial and agroindustrial development, taking into account the closest and most sophisticated goods to the real product system of Magdalena.