Economic complexity and human development: comparing standard and slack-based data envelopment analysis models

cepal.articleNo4
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2022/8-P
cepal.docTypeRevistas
cepal.jelCodeO14
cepal.jelCodeO15
cepal.jelCodeO3
cepal.jobNumberRVI137_Ferraz
cepal.physicalDescriptiongráficos., maps., tablas.
cepal.regionalOfficeSantiago
cepal.sdg1
cepal.topicEngECONOMETRICS
cepal.topicEngECONOMIC GROWTH
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaECONOMETRÍA
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorCosta, Naijela Silveira da
dc.contributor.authorFerraz, Diogo
dc.contributor.authorMoralles, Herick Fernando
dc.contributor.authorNascimento, Daisy do
dc.date.accessioned2022-12-15T16:06:41Z
dc.date.available2022-12-15T16:06:41Z
dc.date.issued2022-08
dc.description.abstractSeveral studies have argued economic complexity is an alternative way to understand well-being. There is a growing literature using standard data envelopment analysis (DEA), but we did not find studies comparing them with more advanced models, such as slack-based measure (SBM), or considering economic sophistication as an input in human development. To fill the gap, this article aims to compare standard models with SBM DEA models as tools for measuring countries’ efficiency in converting economic complexity into human development. We developed the Composite Index of Human Development and Economic Complexity (CIHD-EC) and used it to analyse 50 countries with data from 2013, finding that the standard models overestimated countries’ efficiency, especially that of developed and prosperous countries. In contrast, the SBM model provides a better ranking. Lastly, the CIHD-EC shows that Singapore is the only economy in the world that is efficient at transforming economic complexity into human development.
dc.formatTexto
dc.format.extentpáginas. 57-8
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2022/8-P
dc.identifier.urihttps://hdl.handle.net/11362/48585
dc.language.isoeng
dc.physicalDescriptionp. 57-80; grafs., maps., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.isPartOfSeriesNo137
dc.relation.translationLanguagespa
dc.relation.translationRecordComplejidad económica y desarrollo humano: comparación de modelos de análisis envolvente de datos estándar y basado en holguras
dc.relation.translationUrihttps://hdl.handle.net/11362/48088
dc.rights.coarDisponible
dc.subject.unbisEngECONOMICS
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngHUMAN DEVELOPMENT
dc.subject.unbisEngDEVELOPMENT MODELS
dc.subject.unbisEngDEVELOPMENT INDICATORS
dc.subject.unbisEngMEASUREMENT
dc.subject.unbisEngECONOMETRIC MODELS
dc.subject.unbisSpaECONOMIA
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaDESARROLLO HUMANO
dc.subject.unbisSpaMODELOS DE DESARROLLO
dc.subject.unbisSpaINDICADORES DEL DESARROLLO
dc.subject.unbisSpaMEDICION
dc.subject.unbisSpaMODELOS ECONOMETRICOS
dc.titleEconomic complexity and human development: comparing standard and slack-based data envelopment analysis models
dc.type.coarrevista
dc.usergrouprevistacepal
dspace.entity.typePublication
relation.isAuthorOfPublication255c4ae5-d53c-49ef-83d5-29f6ca22c3e3
relation.isAuthorOfPublicationd2374a15-0344-4e0f-862d-756518902db5
relation.isAuthorOfPublication32714c4b-8f6a-4a08-a36a-400c7f5fa727
relation.isAuthorOfPublicationf68f16c1-aa92-486c-bbf1-5826a9538282
relation.isAuthorOfPublication.latestForDiscovery255c4ae5-d53c-49ef-83d5-29f6ca22c3e3
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