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Recent strides in economic complexity have shown that the future economic development of nations can be predicted with a single "economic fitness" variable, which captures countries' competitiveness in international trade. The predictions…

Physics and Society · Physics 2022-06-03 Yucheng Ye , Shuqi Xu , Manuel Sebastian Mariani , Linyuan Lü

Economic complexity - a group of dimensionality-reduction methods that apply network science to trade data - represented a paradigm shift in development economics towards materializing the once-intangible concept of capabilities as…

General Economics · Economics 2026-04-08 Ziang Huang , Huashan Chen

Mapping pathways to achieving the sustainable development goals requires understanding and predicting how social, economic and political factors impact biodiversity. Trends in demography, economic growth, regional alliances and consumption…

Populations and Evolution · Quantitative Biology 2020-03-26 Payal Bal , Simon Kapitza , Natasha Cadenhead , Tom Kompas , Pham Van Ha , Brendan Wintle

Two network measures known as the Economic Complexity Index (ECI) and Product Complexity Index (PCI) have provided important insights into patterns of economic development. We show that the ECI and PCI are equivalent to a spectral…

Economics · Quantitative Finance 2021-10-05 Penny Mealy , J. Doyne Farmer , Alexander Teytelboym

Economic complexity reflects the amount of knowledge that is embedded in the productive structure of an economy. By combining tools from network science and econometrics, a robust and stable relationship between a country's productive…

Economics · Quantitative Finance 2016-11-22 Viktor Stojkoski , Zoran Utkovski , Ljupco Kocarev

Economic transformation -- change in what an economy produces -- is foundational to development and rising standards of living. Our understanding of this process has been propelled recently by two branches of work in the field of economic…

Physics and Society · Physics 2023-03-28 James McNerney , Yang Li , Andres Gomez-Lievano , Frank Neffke

We analyze the decisive role played by the complexity of economic systems at the onset of the industrialization process of countries over the past 50 years. Our analysis of the input growth dynamics, based on a recently introduced measure…

Economics · Quantitative Finance 2018-01-09 Emanuele Pugliese , Guido L. Chiarotti , Andrea Zaccaria , Luciano Pietronero

International trading networks significantly influence global economic conditions and environmental outcomes. A notable imbalance between economic gains and emissions transfers persists, manifesting as carbon inequality. This study…

Social and Information Networks · Computer Science 2024-07-09 Yanming Guo , Charles Guan , Jin Ma

Ecological systems have a high level of complexity combined with stability and rich biodiversity. Recently, the analysis of their properties and evolution has been pushed forward on a basis of concept of mutualistic networks that provides a…

General Finance · Quantitative Finance 2015-03-13 Leonardo Ermann , Dima L. Shepelyansky

The worldwide trade network has been widely studied through different data sets and network representations with a view to better understanding interactions among countries and products. Here we investigate international trade through the…

Physics and Society · Physics 2018-12-12 Luiz G. A. Alves , Giuseppe Mangioni , Francisco A. Rodrigues , Pietro Panzarasa , Yamir Moreno

Using the economic complexity methodology on data for disease prevalence in 195 countries during the period of 1990-2016, we propose two new metrics for quantifying the relatedness between diseases, or the `disease space' of countries. With…

Physics and Society · Physics 2019-03-26 Antonios Garas , Sophie Guthmuller , Athanasios Lapatinas

Using ideas and tools of complexity science we design a holistic measure of \textit{Scientific Fitness}, encompassing the scientific knowledge, capabilities and competitiveness of a research system. We characterize the temporal dynamics of…

Digital Libraries · Computer Science 2022-12-13 Aurelio Patelli , Lorenzo Napolitano , Giulio Cimini , Andrea Gabrielli

Central to the official "green growth" discourse is the conjecture that absolute decoupling can be achieved with certain market instruments. This paper evaluates this claim focusing on the role of technology, while changes in GDP…

Theoretical Economics · Economics 2019-05-06 Salvador Pueyo

Existing research argues that countries increase their production basket by adding products which require similar capabilities to those they already produce, a process referred to as path dependency. Green economic growth is a global…

General Economics · Economics 2020-09-10 Seyyedmilad Talebzadehhosseini , Steven R. Scheinert , Ivan Garibay

Evaluating the economies of countries and their relations with products in the global market is a central problem in economics, with far-reaching implications to our theoretical understanding of the international trade as well as to…

Economics · Quantitative Finance 2015-12-09 Manuel Sebastian Mariani , Alexandre Vidmer , Matus Medo , Yi-Cheng Zhang

There are clear benefits associated with a particular consumer choice for many current markets. For example, as we consider here, some products might carry environmental or `green' benefits. Some consumers might value these benefits while…

General Finance · Quantitative Finance 2008-12-02 Gérard Weisbuch , Vincent Buskens , Luat Vuong

We build on the interpretation of the Economic Complexity method as Correspondence Analysis (CA), and propose that the Canonical form of CA (CCA), which originated in the ecology literature, can be used to calculate multi-dimensional…

General Economics · Economics 2024-09-04 Önder Nomaler , Bart Verspagen

The evolution of economic and innovation systems at the national scale is shaped by a complex dynamics, the footprint of which is the nested structure of the activities in which different countries are competitive. Nestedness is a…

General Economics · Economics 2023-08-15 Aurelio Patelli , Lorenzo Napolitano , Giulio Cimini , Emanuele Pugliese , Andrea Gabrielli

We develop a two-region economic geography model with vertical innovations that improve the quality of manufactured varieties produced in each region. The chance of innovation depends on the \emph{related variety}, i.e. the importance of…

Theoretical Economics · Economics 2024-04-16 José M. Gaspar , Minoru Osawa

A recent paper by Hausmann and collaborators (1) reaches the important conclusion that Complexity-weighted diversification is the essential element to predict country growth. We like this result because Complexity-weighted diversification…

General Economics · Economics 2019-12-24 Luciano Pietronero , Andrea Gabrielli , Andrea Zaccaria