China’s regional economic complexity is quantified by modeling 25 years’ public firm data.
High positive correlation between economic complexity and macroeconomic indicators is shown.
Economic complexity has explanatory power for economic development and income inequality.
Multivariate regressions suggest the robustness of these results with controlling socioeconomic factors.
Quantifying China’s regional economic complexity
Jian Gao, Tao Zhou
Physica A: Statistical Mechanics and its Applications
Volume 492, 15 February 2018, Pages 1591-1603