Found 135 article(s) for author 'Ricardo Hausmann'

The workforce of pioneer plants: The role of worker mobility in the diffusion of industries

The workforce of pioneer plants: The role of worker mobility in the diffusion of industries. Ricardo Hausmann, October 2018, Paper, “Because many skills are tacit and specific to an industry, the diffusion of industries and the technologies they employ often requires that workers skilled in the use of these technologies relocate to the new region…Link

Tags: , , , , , , , ,

The Albanian Miracle

The Albanian Miracle. Ricardo Hausmann, September 27, 2018, Opinion, “Once the “North Korea of Europe,” Albania now boasts an income level that is 25% that of Germany, double-digit export growth, and a strengthening currency. This suggests that the economists and multilateral institutions now being blamed for all sorts of disappointing outcomes may not be entirely useless after all.Link

Tags: , , ,

Place-specific Determinants of Income Gaps: New Sub-National Evidence from Chiapas, Mexico

Place-specific Determinants of Income Gaps: New Sub-National Evidence from Chiapas, Mexico. Ricardo Hausmann, 2018, Paper, “The literature on income gaps between Chiapas and the rest of Mexico revolves around individual factors, such as education and ethnicity. Yet, twenty years after the Zapatista rebellion, the schooling gap between Chiapas and the other Mexican entities has shrunk while the income gap has widened, and we find no evidence indicating that Chiapas indigenes are worse-off than their likes elsewhere in Mexico. We explore a different hypothesis. Based on census data, we calculate the economic complexity index, a measure of the knowledge agglomeration embedded in the economic activities at a municipal level in Mexico. Economic complexity explains a larger fraction of the income gap than any individual factor. Our results suggest that chiapanecos are not the problem, the problem is Chiapas. These results hold when we extend our analysis to Mexico’s thirty-one federal entities, suggesting that place-specific determinants that have been overlooked in both the literature and policy, have a key role in the determination of income gaps.Link

Tags: , , , , ,

The Slavery Incentive

The Slavery Incentive. Ricardo Hausmann, August 31, 2018, Opinion, “By restricting the workers’ outside options, employers may get them to accept terms that freer individuals would reject. That may be a reason why there is so little urgency in solving the problem of undocumented immigrants in the US, and why many countries protect citizens differently than foreigners.Link

Tags: , , , , ,

The Venality of Evil

The Venality of Evil. Ricardo Hausmann, July 31, 2018, Opinion, “The Oxford English Dictionary defines “evil” as “doing or intending to do harm.” Ultimately, given that Venezuelan President Nicolás Maduro easily could have prevented the economic catastrophe that has befallen his country, there is no other plausible explanation for the suffering and devastation experienced by millions of people.Link

Tags: , , , ,

Productive Ecosystems and the Arrow of Development

Productive Ecosystems and the Arrow of Development. Ricardo Hausmann, 2018, Paper, “Economic growth is often associated with diversification of economic activities. Making a product in a country is dependent on having, and acquiring, the capabilities needed to make the product, making the process path-dependent. We derive a probabilistic model to describe the directed dynamic process of capability accumulation and product diversification of countries. Using international trade data, the model enables us to empirically identify the set of pre-existing products that enables a product to be exported competitively. We refer to this set as the ecosystem of the product. We construct a directed network of products, the Eco Space, where the edge weight is an estimate of capability overlap. Analysis of this network enables us to identify transition products and a core-periphery structure.Link

Tags: , , , , ,

Does the West Want What Technology Wants?

Does the West Want What Technology Wants? Ricardo Hausmann, June 27 2018, Opinion, “In a world where technological progress promises large benefits, the capacity to supply the necessary conditions may determine which economies are positioned for success, and which are bound to go the way of the Spanish, Portuguese, or Ottoman Empires. That should worry today’s West more than it worries China.Link

Tags: , , ,