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Knowledge diffusion in the network of international business travel


We use aggregated and anonymized information based on international expenditures through corporate payment cards to map the network of global business travel. We combine this network with information on the industrial composition and export baskets of national economies. The business travel network helps to predict which economic activities will grow in a country, which new activities will develop and which old activities will be abandoned. In statistical terms, business travel has the most substantial impact among a range of bilateral relationships between countries, such as trade, foreign direct investments and migration. Moreover, our analysis suggests that this impact is causal: business travel from countries specializing in a specific industry causes growth in that economic activity in the destination country. Our interpretation of this is that business travel helps to diffuse knowledge, and we use our estimates to assess which countries contribute or benefit the most from the diffusion of knowledge through global business travel.

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Fig. 1: The topology of international business travel.
Fig. 2: Stylized TQI calculation.
Fig. 3: Know-how index.
Fig. 4: Distribution of predicted know-how losses associated with the withdrawal of specific countries.

Data availability

The aggregated and anonymized dataset made accessible by the Mastercard Center for Inclusive Growth is available for the duration of this research, after which this dataset and any existing copies will be permanently destroyed. The aggregated data used in our growth estimations, along with the data on economic establishments (from Dun & Bradstreet), are provided as a Supplementary Data ZIP file, hosted by the Mastercard Center for Inclusive Growth and accessible via This archive contains the processed business travel network as shown in Fig. 1, countries’ trade profiles as well as the number of establishments, employment and estimated productivity by industry and country. We added random noise to the business-travel information to preserve confidential information held by the data providers. The remaining publicly available datasets can be downloaded at and at


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The authors acknowledge financial support from the Mastercard Center for Inclusive Growth. The funders had no role in study design, data analysis, decision to publish or preparation of the manuscript. The Mastercard Center for Inclusive Growth provided access to the anonymized and aggregated data on expenditures through foreign corporate cards described in section 1.1 of the Supplementary materials. We thank the following people for comments and help in preparing the manuscript: A. Stansbury, D. Bahar, B. Zuccolo and S. Ravinutala. The authors.

Author information




M.C. and F.N. collected the data. M.C. and F.N. developed the model, conducted analyses and wrote the manuscript. All three authors (M.C., F.N. and R.H.) conceived and designed the study, reviewed and approved the paper.

Corresponding author

Correspondence to Michele Coscia.

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Competing interests

The Mastercard Center for Inclusive Growth provided access, subject to strict privacy and data protection safeguards, to an aggregated and anonymized dataset relating to corporate credit card foreign spend. The Center reviewed the paper to ensure that it complied with these privacy and data protection safeguards. However, the Center did not determine any parts of the design, execution or interpretation of the research: all opinions, findings, and conclusions or recommendations expressed in this paper and its Supplementary Informationare those of the authors and do not necessarily reflect the views or opinions of Mastercard. R.H. is a senior fellow at the advisory council of the Mastercard Center for Inclusive Growth.

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Peer review information: Primary Handling Editor: Aisha Bradshaw.

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Supplementary information

Supplementary Information

Supplementary Figs. 1–10, Supplementary Tables 1–32, Supplementary discussion and references.

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Coscia, M., Neffke, F.M.H. & Hausmann, R. Knowledge diffusion in the network of international business travel. Nat Hum Behav 4, 1011–1020 (2020).

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