Economic complexity and growth: Can value-added exports better explain the link?

In economic literature, complexity is typically approximated on the basis of an economy's gross export structure. However, in times ever increasingly integrated global value chains, exports may convey inaccurate image a country's performance since they also incorporate foreign value-added and double-counted exports. Thus, I introduce new empirical approach approximating based This leads to substantially different rankings compared established metrics. Moreover, explanatory power GDP per capita growth rates for sample 40 lower-middle- high-income countries considerably higher, even if controlling typical regression covariates.