@article {1627011,
	title = {Bridging the short-term and long-term dynamics of economic structural change},
	year = {2021},
	abstract = {In the short-term, economies shift preferentially into new activities that are related to ones they currently do. Such a tendency should have implications for the nature of an economy{\textquoteright}s long-term development as well. We explore these implications using a dynamical network model of an economy{\textquoteright}s movement into new activities. First, we theoretically derive a pair of coordinates that summarize long-term structural change. One coordinate captures overall ability across activities, the other captures an economy{\textquoteright}s composition. Second, we show empirically how these two measures intuitively summarize a variety of facts of long-term economic development. Third, we observe that our measures resemble complexity metrics, though our route to these metrics differs significantly from previous ones. In total, our framework represents a dynamical approach that bridges short-and long-term descriptions of structural change, and suggests how different branches of economic complexity analysis could potentially fit together in one framework.},
	author = {McNerney, James and Li, Yang and Andres Gomez-Lievano and Neffke, Frank}
}
