Acta Univ. Bohem. Merid. 2021, 24(3):39-56 | DOI: 10.32725/acta.2021.0111214

A study of Economic complexity of Indian Exports Vis-à-vis China: A Review Paper based on Atlas of Economic Complexity theory

Purvi Pujari1, Anuj Kumar2, Srilalitha Sagi3, Sachin Napate4
1 Bharati Vidyapeeth's Institute of Management Studies and Research, Navi Mumbai (Mumbai University)
2 Apeejay School of Management, New Delhi
3 Head of the department (International Business), GITAM Institute of Management, GITAM University, Visakhapatnam, Andhra Pradesh, India
4 Patil B-School, Pune, India

As the world tries to grapple with the aftermath of the COVID-19 pandemic, there are concerns about the revivals of economies across the globe. The world is also trying to make sense of global restructuring trade, which is expected in the post-COVID-19 world. This paper attempts to analyze the emerging trade scenario between India and China. Atlas of Economic Complexity theory (ACE) by Ricardo Hausmann, Cesar A. Hidalgo has been taken as a base for this research. This study propagates that the countries with products that require more know-how have more potential to grow. Taking the Atlas map giving details of Indian exports as a base, the researchers have compared the data from the last two years. The purpose is to identify whether the complexity of Indian exports is increasing or not. A particular case study has been done on Indian exports to China. There has been little progress in this field as India is exporting more complex products slightly to China. There is an urgent need to formulate a strategy to enhance the complexity of Indian exports. The policymakers need to give impetus to the industries which have a cross-cultural demand in China and leverage this opportunity. This will open the path for consolidating India's position in the global trade as well as improving its strategic position vis-a-vis China.

Keywords: Atlas of Economic Complexity (ACE), Product Complexity Index, Exports, India, China, trade JEL Codes: F1, F4
JEL classification: F1, F14

Received: February 23, 2022; Revised: February 23, 2022; Prepublished online: February 23, 2022; Published: February 22, 2022  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Pujari, P., Kumar, A., Sagi, S., & Napate, S. (2021). A study of Economic complexity of Indian Exports Vis-à-vis China: A Review Paper based on Atlas of Economic Complexity theory. Acta Universitatis Bohemiae Meridionalis, 24(3), 39-56. doi: 10.32725/acta.2021.011
Share...
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. Bhalerao, K., Kumar, A., Kumar, A., & Pujari, P. (2022). A Study of Barriers and Benefits of Artificial Intelligence Adoption in Small and Medium Enterprise. Academy of Marketing Studies Journal, 26, 1-6.
    2. Buhari, D., Oana, M. D., Lorente, D. B., & Shahzad, U. (2020). The mitigating effects of economic complexity and renewable. Sustainable Development., 1-12.
    3. Canh, N. P., Schinckus, C., & Su Dinh Thanh. (2020). The natural resources rents: Is economic complexity a solution for resource curse?. Science Direct.
    4. Caria, S., Troyano, M. C., & Martí, R. D. (2017). Can the Monkeys Leave the Export Processing Zones? Exploring the Maquiladora Bias in the Economic Complexity Index in Latin America. Journal of Economics and Development Studies, Vol. 5(1), 20-28. Go to original source...
    5. Estmann, C., Soerensen, B. B., Ndulu, B., & John, R. (2020). Merchandise export diversification strategy for Tanzania - promoting inclusive growth, economic complexity, and structural change. Copenhagen: DERG working paper series 20-02, University of Copenhagen. Department of Economics. Development Economics Research Group (DERG). Go to original source...
    6. Feix, R. D., Colussi, J., Stefani, R., & Zawislak, P. A. (2019). How Sophisticated Is Brazilian Agribusiness? An Exploratory Analysis Based On Economic Complexity Approach. Anais do IV Encontro Nacional de Economia Industrial e Inovação, 6(1), 53-71. Go to original source...
    7. Felipe, J., Kumar, U., Abdon, A. M., & Bacate, M. (2012). Product Complexity and Economic Development. Structural Change and Economic Dynamics, 23, 36-68. Go to original source...
    8. Gala, P., Camargo, J., & Freitas, E. (2017). The Economic Commission for Latin America and the Caribbean (ECLAC) was right: scale-free complex networks and core-periphery patterns in world trade. Cambridge Journal of Economics, 633-651. Go to original source...
    9. Gala, P., Rocha, I., & Magacho, G. (2018). The structuralist revenge: economic complexity as an important dimension to evaluate growth and development. Brazilian Journal of Political Economy, 38(2), 219-236. Go to original source...
    10. Hartmann, D., Guevar, M. R., Cristian, J. F., Aristaran, M., & A., H. C. (2017). Linking Economic Complexity, Institutions and Income Equality. World Development, 93, 75-93. Go to original source...
    11. Hausmann, R. H. (2014). The Atlas of economic complexity: mapping paths to prosperity. Cambridge, MA:: The MIT Press. ISBN 978-0-262-52542-8. Go to original source...
    12. Herrera, W. D., Strauch, J. C., & Bruno, M. A. (2020). Economic Complexity of Brazilian States in the period 1997-2017. Area Development and Policy.
    13. Hickson, J. (2017). The Atlas Of Economic Complexity: A Review. Newcastle Business School Student Journal.
    14. Hidalgo, C. A., Hausmann, R., & Dasgupta, P. S. (2009). The Building Blocks of Economic Complexity. Proceedings of the National Academy of Sciences of the United States of America, 106(26), 10570-0575. Go to original source...
    15. Kumar, A., Syed, D., & Pandey, A. (2020). How Adoption of Online Resources Can Help Indian SMEs in Improving Performance during COVID-19 Pandemic (August 1, 2020). Test Engineering and Management Journal 2020 (ISSN: 0193-4120), Available at SSRN: https://ssrn.com/abstract=3716696
    16. Kumar, A., Pujari, P., & Gupta, N. (2021). Artificial Intelligence: Technology 4.0 as a solution for healthcare workers during the COVID-19 pandemic. Acta Universitatis Bohemiae Meridionalis, 24(1), 23-42. Go to original source...
    17. Kumar, A., Gupta, N., Shaikh, A. A., & Pujari, P. (2021). Milkiana Cattle feed-an entrepreneurial saga of business integration: a case study. Small Enterprise Research, 1-9. Acta Universitatis Bohemiae Meridionalis Go to original source...
    18. Kumar, A., Sowdamini, T., Manocha, S., & Pujari, P. (2021). Gamification as a Sustainable Tool for HR Managers. Acta Universitatis Bohemiae Meridionalis, 24(2), 1-14. Go to original source...
    19. Morrison, G., Buldyrev, S. V., Imbruno, M., Doria Arrieta, O. A., Rungi, A., Riccaboni, M., & Pammolli, F. (2017). On Economic Complexity and the Fitness of Nations. Scientific Reports, 7(1), 15332-15343. Go to original source...
    20. Nguyen, C., Schinckus, C., & Thanh, S. D. (2020). The drivers of economic complexity: International evidence from financial development and patents.. International Economics., 164. Go to original source...
    21. Paul, J., & Mas, E. (2016). The Emergence of China and India in the Global Market. JOURNAL OF EAST-WEST BUSINESS, 22(1), 28-50. Go to original source...
    22. Paulo, G., Jhean, C., Guilherme, M., & Igor, R. (2018). Sophisticated jobs matter for economic complexity: An empirical analysis based on input-output matrices and employment data, Science Direct, Pages 1-8. Go to original source...
    23. Pujari, P., Pujari, P., & Kumar, A. (2021). Impact of Covid-19 On the Mental Health Of Healthcare Workers: Predisposing Factors, Prevalence And Supportive Strategies. Asia Pacific Journal of Health Management, 16(4), i1303. Go to original source...
    24. Priscila Rubbo, C. T. (2018). Knowledge management practices and economic complexity in BRIC countries from 2001 to 2014. International Journal of Knowledge Management Studies, 9:1, 1-17. Go to original source...
    25. Qureshi, M. S., & Wan, G. (2008). Trade expansion of China and India: Threat or opportunity. WIDER Research Paper.
    26. Ren, Z.-M., Zeng, A., & Zhang, Y. (2020). Bridging nestedness and economic complexity in multilayer world trade networks. Humanities and Social Sciences Communications, 7(1), 156. Go to original source...
    27. Sciarra, C., Chiarotti, G., & Francesco, L. (2020). Reconciling contrasting views on economic complexity. Nature Communications, 11(1), 3352-3362. Go to original source...
    28. Sepehrdoust, H., Davarikish, R., & Setarehie, M. (2019). The knowledge-based products and economic complexity in developing countries, Heliyon, 5(12). Go to original source...
    29. Sørensen, B. B., Estmann, C., Sarmento, E. F., & Rand, J. (2020). Economic complexity and structural transformation: the case of Mozambique.
    30. Termeer, G. M. (2019). The Theory Of "Economic Complexity And Product Space": What It Means For Economic Development In General, And For Bulgaria In Specific. Entrepreneurship, VІI(2), 172-185.
    31. Vu, K.-K. L. (2020). Economic complexity, human capital, and income inequality: a crosscountry analysis. The Japanese Economic Review, Springer, 71(4), 695-718. Go to original source...

    This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content