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Date and Location

February 29, 2024
10:00 AM - 11:30 AM ET
L-324 Fainsod Room

Contact

617-384-0025
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The Growth Lab's Research Seminar series is a weekly seminar that brings together researchers from across the academic spectrum who share an interest in growth and development. 

Speakers: João Romero and Gustavo Britto, Professors at the Department of Economics at Universidade Federal de Minas Gerais (UFMG) 

Location: HYBRID L-324 FAINSOD, HKS / Zoom

Whether attending in person or virtually, please register in advance.

Paper Abstract.
Following the increasing upsurge in the works that use economic complexity indicators (ECI) to devise smart diversification strategies, this paper proposes a new method - Smart Diversification Score (SDS) - to be used by policymakers to rank promising activities for short, medium and long-term diversification. After reporting the positive impact of regional complexity, calculated using employment data, on employment and GDP per capita growth for Brazilian regions, the paper assesses the potential of SDS to increase ECI in the municipal level. Looking backwards (to data from 2007 and 2018), the paper finds that SDS can predict up to 39.4% of the diversification activities that happened in 1033 Brazilian cities that have increased their complexity. Looking forward, the paper calculates the SDS for the city of Belo Horizonte, suggesting a balanced portfolio of related and unrelated activities for diversification and estimates the potential gains to be obtained following different development paths. The main contribution of this paper is to conceive of a new method, test its validity in the municipal level and exemplify its use for policy purposes.

Speakers and Presenters

Gustavo Britto, Professor at the Department of Economics·Universidade Federal de Minas Gerais (UFMG); João Romero Professor at the Department of Economics·Universidade Federal de Minas Gerais (UFMG)

Organizer

Additional Organizers

​Growth Lab