Determining the best evolution path for export industries using product spaces
A deterministic method was developed in finding the best evolution path through which a country’s particular export industry will evolve into another export industry. The problem was framed as a shortest-path problem particularly known in graph theory literature. A concept on a typical probability graph was defined and a shortest-path algorithm was formulated for this purpose. The data used by Hidalgo et al.  were used and reconstructed using the probability graph concept to derive the maximum joint probability path of export industry evolution given an originating export industry and a target export industry.
JEL classification: A12, C63, O21
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