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Economic complexity and the dynamics of regional competitiveness a systematic review

Bahrami, F ; Sharif University of Technology | 2023

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  1. Type of Document: Article
  2. DOI: 10.1108/CR-06-2021-0083
  3. Publisher: Emerald Publishing , 2023
  4. Abstract:
  5. Purpose: This study aims to systematically review the economic complexity literature to advance the knowledge on its contribution to building regional competitiveness. Design/methodology/approach: In this study, we did a systematic review of 111 relevant papers. In this regard, we did a thematic analysis on all the collected papers, which led to a two-level processed approach. In the first level, the contributions of the reviewed articles have been classified into three main streams. In the second level, the findings under each contribution category are analyzed and explained. This approach led to a thematic network demonstrating economic complexity and the dynamics of regional competitiveness and a set of managerial and policy implications. We followed a multiple processed approach for the systematic review of 95 papers that reveals considerable contributions in three categories, including measurement techniques, criticisms and exploratory studies. Findings: Despite some critiques and the undertaken evolution in measurement techniques of complexity, economic complexity has become a well-known method mainly for regions' competitiveness dynamics. Our review demonstrates a nested network of economic complexity dynamics that drives policy advice concerning countries' status in their development path. The provided set of policies includes guidelines for underdeveloped and developing countries and general policy implications, applicable for all regional contexts for building competitiveness dynamics. Originality/value: This research contributes to the literature on competitiveness from the window of economic complexity. The study allows a deep understanding of regions' productive structure role in their development and competitiveness. A set of policies for building regional competitiveness is provided concerning the study's findings. The literature gaps are identified, and future research ideas are provided for using economic complexity methodologically and logically to boost regional competitiveness. © 2022, Emerald Publishing Limited
  6. Keywords:
  7. Competitiveness policymaking ; Economic complexity ; Productive structure ; Regional competitiveness ; Systematic review
  8. Source: Competitiveness Review ; Volume 33, Issue 4 , 2023 , Pages 711-744 ; 10595422 (ISSN)
  9. URL: https://www.emerald.com/insight/content/doi/10.1108/cr-06-2021-0083/full/html