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Determining the best evolution path for export industries using product spaces

Author

Listed:
  • Cyrus Paolo M. Buenafe

    (Hewlett-Packard Company)

Abstract

A deterministic method was developed in finding the best evolution path through which a country’s particular export industry will evolve into another export industry. The problem was framed as a shortest-path problem particularly known in graph theory literature. A concept on a typical probability graph was defined and a shortest-path algorithm was formulated for this purpose. The data used by Hidalgo et al. [2007] were used and reconstructed using the probability graph concept to derive the maximum joint probability path of export industry evolution given an originating export industry and a target export industry.

Suggested Citation

  • Cyrus Paolo M. Buenafe, 2008. "Determining the best evolution path for export industries using product spaces," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 45(1), pages 49-56, June.
    • Handle: RePEc:phs:prejrn:v:45:y:2008:i:1:p:49-56
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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/211/660
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    More about this item

    Keywords

    product space; graph theory; shortest path; industry evolution;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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