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The Structural Outcomes of Investment Surges

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dc.contributor.authorHoyos, Mateo
dc.contributor.authorLibman, Emiliano
dc.contributor.authorRazmi, Arslan
dc.contributor.departmentUniversity of Massachusetts at Amherst
dc.contributor.departmentUniversity of General San Martín
dc.contributor.departmentEconomics Department, University of Massachusetts Amherst
dc.date2023-09-24T06:33:19.000
dc.date.accessioned2024-04-26T16:31:37Z
dc.date.available2021-04-22T00:00:00Z
dc.date.issued2021-01-01
dc.description.abstractWe study the extent to which countries undergo structural change during and after episodes of sustained investment surges. In particular, we explore the evolution of trade flows, considering (i) exports sophistication or complexity, (ii) exports diversification, and (iii) capital goods imports. Using the episodes identified by Libman et al. (2019), we document the heterogeneous nature of these episodes and find that, while imports of capital goods increase, they are not systematically related to changes in sophistication, complexity and diversification of exports, at least for the available sample of 130 episodes over the period 1962-2014. High investment may often be a necessary but not sufficient condition for structural change.
dc.identifier.doihttps://doi.org/10.7275/22607583
dc.identifier.urihttps://hdl.handle.net/20.500.14394/22291
dc.relation.urlhttps://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1308&context=econ_workingpaper&unstamped=1
dc.rightsUMass Amherst Open Access Policy
dc.source.issue2019-09
dc.source.statuspublished
dc.subjectCapital accumulation
dc.subjectdiversification
dc.subjecteconomic complexity
dc.subjectdevelopment.
dc.subjectEconomics
dc.titleThe Structural Outcomes of Investment Surges
dc.typearticle
dc.typearticle
digcom.contributor.authorisAuthorOfPublication|email:mhoyoslopez@umass.edu|institution:University of Massachusetts at Amherst|Hoyos, Mateo
digcom.contributor.authorisAuthorOfPublication|email:elibman@unsam.edu.ar|institution:University of General San Martín|Libman, Emiliano
digcom.contributor.authorisAuthorOfPublication|email:aramzi@econs.umass.edu|institution:Economics Department, University of Massachusetts Amherst|Razmi, Arslan
digcom.date.embargo2021-04-22T00:00:00-07:00
digcom.identifierecon_workingpaper/306
digcom.identifier.contextkey22607583
digcom.identifier.submissionpathecon_workingpaper/306
dspace.entity.typePublication
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