PRODY and EXPY

Compute the PRODY and EXPY (Hausmann et al. 2007) based on export and gross domestic product (GDP) data.

Usage

productivity(
  expData,
  gdpData,
  measure = c("prody", "expy"),
  econ = "economy",
  prod = "product",
  exp = "export",
  gdp = "GDP"
)

Arguments

expData

A data frame or matrix containing the export data.

• If a data frame, it should have columns representing economies, products, and export values.

• If a matrix, it should be an economy-by-product matrix with export values.

gdpData

A data frame containing the GDP data.

measure

A character string specifying the measure to compute:

1. "prody": the income/productivity level.

2. "expy": the income/productivity level of a country's export basket.

econ

A character string (default = "economy") specifying the column name for economies when expData is a data frame.

prod

A character string (default = "product") specifying the column name for products when expData is a data frame.

exp

A character string (default = "export") specifying the column name for export values when expData is a data frame.

gdp

A character string (default = "GDP") specifying the column name for GDP values when gdpData is a data frame.

Value

A numeric vector with the measured values.

References

Hausmann R, Hwang J, Rodrik D (2007). “What You Export Matters.” Journal of Economic Growth, 12(1), 1--25. doi:10.1007/s10887-006-9009-4 .