Since Schumpeter, economists have argued that vast productivity gains can be achieved by
investing in innovation and technological catch-up. Yet, as this volume documents …

Is economic diversification desirable for a resource rich country? Our knowledge on this
issue is at best partial. This paper revisits the literature on diversification in resource rich …

This paper provides causal evidence on the impact of a large-scale industrial policy–South
Korea's Heavy and Chemical Industry (HCI) Drive–on firms' long-term performance and …

A consensus on the virtues of an economic development strategy based on export
diversification has emerged from the recent economic literature. The purpose of this paper is …

Economic development is a process of continuous industrial and technological upgrading in
which any country, regardless of its level of development, can succeed if it develops …

Governments are resource-and bandwidth-constrained, and hence need to prioritize
productivity-enhancing policies. To do so requires information on the nature and magnitude …

Since the 1990's, developing countries have tried to promote export diversification and
sophistication, notably by attracting vertical FDI and by supporting the emergence of new …

Latin America and the Caribbean is a middle-income region. The typical country in the
region has an income per capita about 25 percent above the typical country in the world, but …

This paper takes a fresh empirical look at how cluster presence matters for economic
performance. It analyses a new data set developed for the European Cluster Observatory to …

This paper develops new estimates of export quality, based on bilateral data, which are far
more extensive than previous efforts. The data cover 166 countries and more than 800 …