- Home
- Publications
- Exploring The Link Between Economic Complexity And Emergent Economic Activities
Exploring the link between economic complexity and emergent economic activities
![](https://www.niesr.ac.uk/wp-content/themes/niesr/assets/img/calendar-alt.png)
![](https://www.niesr.ac.uk/wp-content/themes/niesr/assets/img/chain.png)
![](https://www.niesr.ac.uk/wp-content/uploads/2021/10/Economic%20Complexity_Social%20Image.jpg)
External Authors
![](https://www.niesr.ac.uk/wp-content/themes/niesr/assets/img/user.3.png)
Bishop, A
![](https://www.niesr.ac.uk/wp-content/themes/niesr/assets/img/user.3.png)
Mateos-Garcia, J
Related Themes
Macro-Economic Dynamics and PolicyJEL Code
R12, O31
Journal
National Institute Economic Review
Publisher
Sage Publications, London
External Resources
Issue
249
Recent studies have shown a strong link between the complexity of economies and their economic development. There remain gaps in our understanding of the mechanisms underpinning these links, in part because they are difficult to analyse with highly aggregated, official data sources that do not capture the emergence of new industrial activities, a potential benefit from complexity. We seek to address some of these gaps by calculating two indices of economic complexity for functional local economies (Travel to Work Areas) in Great Britain, and explore their link with these locations’ economic performance. Seeking to gain a better understanding of the mechanism connecting economic complexity with economic performance, we create a measure of emergent technological activity in a location based on a combination of novel data sources including text from UK business websites and CrunchBase, a technology company directory, and study its link with economic complexity. Our results highlight the potential value of novel, unstructured data sources for the analysis of the links between economic complexity and regional economic development.
Related Blog Posts
![](https://www.niesr.ac.uk/wp-content/uploads/2024/06/iStock-683963174-1-1-640x640.jpg)
![](https://www.niesr.ac.uk/wp-content/uploads/2024/04/Bank-of-England-640x640.jpg)
![](https://www.niesr.ac.uk/wp-content/uploads/2024/02/iStock-1130124948-640x640.jpg)
![](https://www.niesr.ac.uk/wp-content/uploads/2024/02/Public-Debt-Sustainability-and-Fiscal-Rules-640x640.jpg)
Public Debt Sustainability and Fiscal Rules
Stephen Millard
Benjamin Caswell
05 Feb 2024
4 min read
Related Projects
Related News
![Bank of England Building and Duke of Wellington statue](https://www.niesr.ac.uk/wp-content/uploads/2022/08/Bank-of-England-Building-640x640.png)
![Front of the Bank of England with statue of the Duke of Wellington](https://www.niesr.ac.uk/wp-content/uploads/2023/09/Bank-of-England-Independence-640x640.png)
Letter to the Financial Times: Is Perfidious Albion About to Make a Return?
14 Jun 2024
3 min read
![](https://www.niesr.ac.uk/wp-content/uploads/2024/05/iStock-2013089711-1-1-640x640.jpg)
![](https://www.niesr.ac.uk/wp-content/uploads/2022/08/Call-for-Paper-Kemar-QTQE-1200-×-1200px-1-640x640.png)
Call for Papers: Lessons From Quantitative Easing & Quantitative Tightening
09 Feb 2024
1 min read
Related Publications
![exterior photo of the Bank of England](https://www.niesr.ac.uk/wp-content/uploads/2024/06/iStock-1331969847-modified-09bd29cf-1fae-4789-b36a-b4d3e52f5dab-640x640.jpg)
![](https://www.niesr.ac.uk/wp-content/uploads/2024/05/US_debt_image-640x640.jpg)
Everything You Wanted to Know About the US Budget Deficit and Debt But Were Afraid to Ask
09 May 2024
Global Economic Outlook Box Analysis
![](https://www.niesr.ac.uk/wp-content/uploads/2024/05/recover_resilience_image-640x640.jpg)
To What Extent Has the Recovery and Resilience Facility Supported the EU Recovery from Covid?
09 May 2024
Global Economic Outlook Topical Feature
![](https://www.niesr.ac.uk/wp-content/uploads/2024/01/Duncan-Adam-Smith-and-the-Bankers-640x640.png)
Adam Smith and the Bankers: Retrospect and Prospect
04 Jan 2024
National Institute Economic Review
Related events
![Event Image](https://www.niesr.ac.uk/wp-content/uploads/2024/05/Workshop-Imagery.png)
2024 UK General Election: The Economy and Living Standards
![Event Image](https://www.niesr.ac.uk/wp-content/uploads/2023/12/Cycles-Structural-Changes-Markets.png)
Assessing Cycles and Structural Changes in Markets
![Event Image](https://www.niesr.ac.uk/wp-content/uploads/2023/02/BCF-Imagery-e1702367621405.png)
Business Conditions Forum
With an election expected to take place at some point in 2024, we begin the year by focusing this quarter’s Business Conditions Forum on the following topics: Can we expect…
![Event Image](https://www.niesr.ac.uk/wp-content/uploads/2021/10/Dow-Lecture-2022-social-image.jpg)
2022 Dow Lecture: The Economy and Policy Trade-Off
![](https://www.niesr.ac.uk/wp-content/themes/niesr/assets/img/arrow-right.png)
![](https://www.niesr.ac.uk/wp-content/themes/niesr/assets/img/arrow-right.png)