@article{2e69b8431e62443e86e815c1f0239563,
title = "The time and frequency of unrelated diversification",
abstract = "Economic diversification—the process by which locations enter new economic activities—is known to be a combination of related and unrelated diversification. Related diversification is—on average—more frequent, but unrelated diversification is nevertheless considered important to avoid economic lock-in. Here, we study the frequency and timing of unrelated diversification using two international trade datasets at the country level. We find that related diversification is more frequent for countries at low levels of development but becomes less frequent as countries climb the complexity ladder. These findings contribute to our understanding of the role of relatedness in the diversification of economies at different levels of complexity.",
keywords = "Diversification, Economic complexity, Economic development, Relatedness, Unrelated diversification",
author = "Pinheiro, {Fl{\'a}vio L.} and Dominik Hartmann and Ron Boschma and Hidalgo, {C{\'e}sar A.}",
note = "info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04152%2F2020/PT# Pinheiro, F. L., Hartmann, D., Boschma, R., & Hidalgo, C. A. (2022). The time and frequency of unrelated diversification. Research Policy, 51(8), 1-24. [104323]. https://doi.org/10.1016/j.respol.2021.104323https://doi.org/10.1016/j.respol.2021.104323. ---- Funding: The authors acknowledge support from the Artificial and Natural Intelligence Institute (ANR-19-PI3A-0004), the MIT Media Lab Consortia and the fund by the Cooperative Agreement between the Masdar Institute of Science and Technology (Masdar Institute), Abu Dhabi, UAE and the Massachusetts Institute of Technology (MIT), Cambridge, This work was also supported by the Center for Complex Engineering Systems (CCES) at King Abdulaziz City for Science and Technology (KACST), the Massachusetts Institute of Technology (MIT), the S{\~a}o Paulo Research Foundation (PROCESSO 2017/19842-2), and FCT Portugal under the project UIDB/04152/2020 - Centro de Investiga{\c c}{\~a}o em Gest{\~a}o de Informa{\c c}{\~a}o (MagIC). The authors are also thankful to Aamena Alshamsi, Pierre-Alexandre Balland, Mary Kaltenberg, and Cristian Jara-Figueroa for helpful insights and discussions, for the feedback obtained during the 4th Geography of Innovation Conference in Barcelona (Jan 31-Feb 2, 2018).",
year = "2022",
month = oct,
day = "1",
doi = "10.1016/j.respol.2021.104323",
language = "English",
volume = "51",
pages = "1--24",
journal = "Research Policy",
issn = "0048-7333",
publisher = "Elsevier Science B.V., Amsterdam.",
number = "8",
}
