Based on the “Product Space” model pioneered by Hidalgo, Klinger, Barabasi, and Hausmann (2007), this article proposes a data-based analytical approach to help policymakers identify green sectors and green products which a country is best positioned to produce and export. By explicitly displaying and analyzing green goods within the product space of a country, our approach, as outlined here, allows national policymakers and sectoral stakeholders to identify promising green growth options and design sectoral policies needed to support these. This article thus contributes to policymaking by offering a practical methodology which can serve as an additional tool to help countries interpret their own economic complexity, and to design and target green industrial policies in those sectors most likely to produce export gains.
Based on the “Product Space” model pioneered by Hidalgo, Klinger, Barabasi, and Hausmann (2007), this article proposes a data-based analytical approach to help policymakers identify green sectors and green products which a country is best positioned to produce and export. By explicitly displaying and analyzing green goods within the product space of a country, our approach, as outlined here, allows national policymakers and sectoral stakeholders to identify promising green growth options and design sectoral policies needed to support these. This article thus contributes to policymaking by offering a practical methodology which can serve as an additional tool to help countries interpret their own economic complexity, and to design and target green industrial policies in those sectors most likely to produce export gains.
