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A simpler ‘product space’
Position of Singapore and Timor Leste 2023 The product space in the complexity literature (Hidalgo, Hausmann and others) is, as one would expect, quite complex. This is why they examine country and regional dynamics on a static product space. A distinct advantage of the approach is that it incorporates proximity, which provides information on the…
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‘Capability adjusted’ structure of ASEAN exports: 1996-2023
The previous post showed the observed export structure of ASEAN economies. Here I use Teza’s approach to show the ‘capability adjusted’ export structure of ASEAN economies. Teza uses data on all the exports of a country to construct a Shannon entropy measure (Hc). This is a measure of diversity. If few exports dominate the export…
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Observed structure of ASEAN exports: 1996-2023
The product space in the complexity literature (Hidalgo, Hausmann and others) provides one way to visualize structural change. How does a country move across the product space over time? If it moves toward the center of the product space (dense part of the forest), then that is a good thing since it is moving to…
ASEAN
asean bagus 