Abstract:

It is stated that the integration of productive information as a input in production, output efficiency and product diversity play an important role in the development of countries. Economic complexity is described as an important concept that expresses the capacity of countries in the framework of sophisticated goods production. The study used data covering the period 1993-2017 of Brazil, China, Indonesia, India, Mexico, Turkey and Russia, which were classified as E-7 countries, panel integration analysis and panel causality analysis were carried out. The aim of the study is to explore the relationship between the concepts of economic complexity and human development in the framework of the specified countries and the specified data range. The Economic Complexity Index, published by Atlas Media as an indicator of economic complexity, and the Human Development Index, published by the UNDP as an indicator of human development. When the long-term relationship between the two variables was studied by the Westerlund Panel Integration Test, the results were analyzed and observed that there was no equalization relationship between economic complexity and human development variables in the E-7 countries. Later, the study conducted by Dumitrescu-Hurlin panel causality analysis found that the one-way panel causality relationship was found from the human development variable to the economic complexity variable.

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