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What Economic Complexity Theory Can Tell us about the EU’s Pandemic Recovery and Resilience Plans
Authors
Dr Corrado Macchiarelli
External Authors
Hausmann, R
Santos, M
Giacon, R
Related Themes
Macro-Economic Dynamics and PolicyIssue
28
A little over a year ago, the EU’s political leaders agreed on an unprecedented fiscal package – dubbed ‘Next Generation EU’ – to aid Europe’s recovery from the pandemic. Ricardo Hausmann, Miguel Angel Santos, Corrado Macchiarelli and Renato Giacon write that economic complexity theories can provide a useful tool for evaluating whether the recovery and resilience plans submitted by EU member states to receive this funding are well-designed. Assessing the case of Greece, they argue that investments should be tailored toward export-oriented sectors and aim to help close the country’s product complexity gap with other EU states.
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