In recent years, revealed comparative advantage (RCA) index has been widely considered by researchers in all fields of science. This index, which was introduced by Ballassa, is an appropriate indicator for calculating the relative advantage of a country in production of a particular product or scientific specialization in different countries. Nevertheless, due to the nature of bibliometric data such as the number of documents and citations, there are often minor limitations in the calculation of RCA in scientometrics. This note seeks to outline these limitations.
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.
Nowadays, developing the best policy mix to manage national industrial development is an open question. The inherent complexity and competitive circumstances increased the risk of failure and challenged the development of national programs, especially in the case of developing economies. To address such a complex world, this study proposes a novel scenario-based economic complexity analyzing methodology to overcome future uncertainties. The method contains two independent research lines. The first one evaluates and prioritizes industrial development by referring to the opportunity gain and product complexity indexes (a historical and current analysis). The other is to develop future scenarios through an expert-based process to uncover the most plausible futures (future-oriented evaluation for uncertainty behaviors). Then, results merged to increase a robust policy to guarantee development success and reduce failure risks. Iran has been selected as the case study since the country is facing a very uncertain future both from political and economic perspectives. Results revealed that the priority is to focus on the opportunity gain of products instead of product complexity since the country is facing international sanctions, limited investment capacities, and the potential of global challenges in the era of globalization, similar to the world faced during COVID-19 pandemics.
During the last two decades, Foreign Direct Investment (FDI) has become increasingly important in the developing world, with a growing number of developing countries seeking in attracting substantial and rising amounts of inward FDI. Furthermore, FDI has become the most important source of finance that can contribute to economic development. Recognizing this, all the governments want to attract it. India as a developing country is not an exception in this regard therefore study the different aspects of FDI can be helpful for policy makers in macro as well as micro level. Since 1990, FDI has been considered as the most powerful driver of economic development. While India has seen a steady increase in FDI inflows in the post-reform period, therefore, this study tries to analyze the regional and sectoral disparities in Inflow of FDI in India since 1990. The analysis showed that there is a disparity between states in India and it also indicates a shift from primary and secondary sectors to tertiary sectors and pervasive computing areas.
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