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Does country stability spur economic complexity? Evidence from panel data

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  • Désiré Avom
  • Hermann Ndoya

Abstract

This paper empirically examines the effect of country stability on economic complexity. Using a panel dataset of 118 countries from 1995 to 2018 and system generalized method of moments estimation, we find that country stability spurs economic complexity. Additionally, we find that foreign direct investment, financial development and human capital are the channels through which country stability affects economic complexity.

Suggested Citation

  • Désiré Avom & Hermann Ndoya, 2024. "Does country stability spur economic complexity? Evidence from panel data," Applied Economics Letters, Taylor & Francis Journals, vol. 31(4), pages 323-329, February.
    • Handle: RePEc:taf:apeclt:v:31:y:2024:i:4:p:323-329
    DOI: 10.1080/13504851.2022.2133890
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    Citations

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    Cited by:

    1. Clement Olalekan Olaniyi & Nicholas Mbaya Odhiambo, 2025. "Modelling asymmetric and nonlinear features in the natural resource wealth-economic complexity nexus: empirical insights from Nigeria," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 38(1), pages 177-201, March.
    2. Valentine, Soumtang Bime & Itchoko Motande, Mondjeli Mwa Ndjokou & Salim Ahmed, Vessah Mbouombouo, 2024. "Revisiting natural resources and economic complexity nexus: Does financial development matter in developing countries?," Resources Policy, Elsevier, vol. 93(C).
    3. Désiré Avom & Simplice A. Asongu & Cherif Abdramane & Hamed Salim Yazid, 2025. "Political Leadership and Economic Complexity in Africa," African Development Review, African Development Bank, vol. 37(3), September.
    4. Marietta Yilen & Mekam Pouatcha Mathurin Aimé & Ethel Selamo, 2025. "Does domestic investment spur economic complexity? Effects and transmission channels," Economics Bulletin, AccessEcon, vol. 45(3), pages 1240-1259.
    5. Hemachandra Padhan & Sosson Tadadjeu & Henri Njangang & Brice Kamguia, 2025. "Energy poverty and economic complexity: effect and transmission channels," Economic Change and Restructuring, Springer, vol. 58(6), pages 1-31, December.
    6. Olaniyi, Clement Olalekan & Odhiambo, Nicholas Mbaya, 2025. "Finding explanations for weak economic complexity in resource-rich African countries: Exploring the role of natural resource endowment and institutional quality," Resources Policy, Elsevier, vol. 101(C).
    7. Yve Daniel Ngassa Nya & Alex Kamgang Ndada & Alexis Tiomela Yemedjeu & Guy Paulin Dazoue Dongue, 2025. "External Debt, Economic Complexity and Financial Development in Sub-Saharan Africa," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 43-60.
    8. Clement Olalekan Olaniyi & Nicholas M. Odhiambo, 2025. "Does economic complexity provide antidotal pathways to evade the resource curse syndrome? A novel role for institutions," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(2), pages 3118-3142, April.

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