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The aim is to explore how economic complexity relates to gross regional product while considering other production factors.

December 28, 2023Business InformaticsOpen Access

The impact of economic complexity and industry specialization on the gross regional product of Russian regions

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Examines the influence of economic complexity on GRP in Russian regions, suggesting thresholds for effective economic growth.

The aim is to explore how economic complexity relates to gross regional product while considering other production factors.
Utilized econometric methods to analyze the relationship between economic complexity index and GRP.
Investigated the connection between economic complexity and sectoral specialization indices, particularly in extractive industries.
Identified threshold levels for economic complexity that influence GRP.
Found a direct, non-linear relationship between economic complexity and GRP, which manifests at high complexity levels.
Identified no significant relationship between economic complexity and the manufacturing industry's development.
Revealed that higher economic complexity enhances labor productivity in the context of GRP.

Alexander Kudrov (2023) studied this question.

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