DETERMINANTS OF ECONOMIC COMPLEXITY IN NIGERIA
DETERMINANTS OF ECONOMIC COMPLEXITY IN NIGERIA

Summary/Abstract: The complexity of a country's economy is an important indicator of its level of development and competitiveness in the global economy. Economic complexity has received substantial attention in modern economics as a valuable instrument for analyzing an economic system's production capacity. It entails knowledge quantifying acquired by economic players and expressed in the production process (Hidalgo et al., 2007; Nguyen et al., 2021). Economic complexity explains how diverse and sophisticated an economy is in producing a wide range of goods and services. It measures the knowledge and capabilities of a country's businesses and workers to create various products, reflecting the level of advancement and competitiveness in the global economy. Economic complexity goes beyond typical economic measurements by diving into the productive knowledge contained in an economy, especially through an in-depth examination of the export structure of a country. Therefore, it provides a thorough picture of a country's economic capabilities and prospects for further development.

• Details
• Contents