Intelligent Export Diversification: An Export Recommendation System with Machine Learning

Intelligent Export Diversification: An Export Recommendation System with Machine Learning
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Volume/Issue: Volume 2020 Issue 175
Publication date: August 2020
ISBN: 9781513555959
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Summary

This paper presents a set of collaborative filtering algorithms that produce product recommendations to diversify and optimize a country's export structure in support of sustainable long-term growth. The recommendation system is able to accurately predict the historical trends in export content and structure for high-growth countries, such as China, India, Poland, and Chile, over 20-year spans. As a contemporary case study, the system is applied to Paraguay, to create recommendations for the country's export diversification strategy.