Determinants of the international competitiveness of the Department of Magdalena Colombia: An approach based on the Theory of Economic Complexity.

Authors

  • José Alfonso Sáenz-Zapata Universidad del Magdalena, Universidad del Norte and CEDEC- Chamber of Commerce of Cartagena. To the memory of Luz Marina Zapata de Sáenz (09/12/1979 - 08/1/2018). The opinions and possible errors are the exclusive responsibility of the author and do not commit the entities that are shown in their institutional affiliation. https://orcid.org/0000-0001-9455-7552
  • Elkyn Rafael Lugo-Arias Research professor University Corporation Minuto de Dios, UNIMINUTO Regional Caribe. https://orcid.org/0000-0002-7049-4451
  • Jesús Alberto Parada-Pérez Teaching Assistant, Universidad del Norte. Master in Economics, Universidad del Norte. Economist, University of the Atlantic. https://orcid.org/0000-0001-6934-861X

DOI:

https://doi.org/10.18041/2382-3240/saber.2019v14n1.5235

Keywords:

economic complexity, product complexity, distance, ubiquity, diversity

Abstract

This article presents a measurement of the effect that the Economic Complexity and the Product Complexity have on the export competitiveness of the department of Magdalena. The method used was an economic model of panel data in three dimensions. The results show that, the export competitiveness of the department become higher as the economic complexity is greater, this relationship is exponential. On the other hand, competitiveness increases when the product complexity is greater, a lower product complexity does not contribute much to competitiveness, it could even affect it negatively; on the other hand, a negative product complexity may increase competitiveness, but it is not advisable to bet on these products since the economic complexity of the territory is not increased. It is recommended to develop a policy of industrial and agroindustrial development, taking into account the closest and most sophisticated goods to the real product system of Magdalena.

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Published

2019-04-08

Issue

Vol. 14 No. 1 (2019): Revista Saber, Ciencia y Libertad

Section

Company and Society

License

Copyright (c) 2019 Saber, Ciencia y Libertad

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

How to Cite

Determinants of the international competitiveness of the Department of Magdalena Colombia: An approach based on the Theory of Economic Complexity. (2019). Saber, Ciencia Y Libertad, 14(1), 190-210. https://doi.org/10.18041/2382-3240/saber.2019v14n1.5235

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