August 30, 2021
A little over a year ago, the European Union’s (EU) political leaders agreed on an unprecedented fiscal package – dubbed ‘Next Generation EU’ – to aid Europe’s recovery from the pandemic. We analyze how economic complexity theories can be used for evaluating whether the recovery and resilience plans submitted by EU member states to receive this funding are well-designed. Assessing the case of Greece, we argue that investments should be tailored toward export-oriented sectors and aim to help close the country’s product complexity gap with other EU states.
Hausmann, Ricardo, Miguel Santos, Corrado Macchiarelli, and Renato Giacon. "What economic complexity theory can tell us about the EU’s pandemic recovery and resilience plans." LSE Blog. August 30, 2021.