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The Economic Complexity Index (ECI; Hidalgo & Hausmann, 2009) measures the complexity of national economies in terms of product groups. Analogously to ECI, a Patent Complexity Index (PatCI) can be developed on the basis of a matrix of…
Data Envelopment Analysis (DEA) is extended to the evaluation of performance of organizations within the framework of the implementation of plans for improvements that set management goals. Managers usually set goals without having any…
Macroeconomic data are crucial for monitoring countries' performance and driving policy. However, traditional data acquisition processes are slow, subject to delays, and performed at a low frequency. We address this 'ragged-edge' problem…
Growth rate of real GDP per capita, GDPpc, is represented as a sum of two components, a monotonically decreasing economic trend and fluctuations related to population change. The economic trend is modelled by an inverse function of GDPpc…
Purpose: Citation-based assessments of countries' research capabilities often misrepresent their ability to achieve breakthrough advancements. These assessments commonly classify Japan as a developing country, which contradicts its…
Digital experimentation and measurement (DEM) capabilities -- the knowledge and tools necessary to run experiments with digital products, services, or experiences and measure their impact -- are fast becoming part of the standard toolkit of…
Core objectives of European common market integration are convergence and economic growth, but these are hampered by redundancy, and value chain asymmetries. The challenge is how to harmonize labor division to reach global competitiveness,…
We investigate relationship between annual electric power consumption per capita and gross domestic production (GDP) per capita for 131 countries. We found that the relationship can be fitted with a power-law function. We examine the…
The economy in the modern world is greatly influenced by artificial intelligence (AI). This paper aims to determine the impact of AI quantitative relationships on the country's economic parameters, including GDP per Capita. Historical data…
The degree of convergence of the business cycles of the economies of the European Union is a key policy issue. In particular, a substantial degree of convergence is needed if the European Central Bank is to be capable of setting a monetary…
In this study, the impact of research and development (R&D) expenditures on the value added of the agricultural sector in Iran was investigated for the period 1971-2021. For data analysis, the researchers utilized the ARDL econometric model…
Most of the analytical techniques used in the business cycle synchronisation literature rely upon the estimation of an empirical correlation matrix of time series data of macroeconomic aggregates, real GDP usually being the key variable.…
Data envelopment analysis (DEA) is one of the most commonly used methods to estimate the returns to scale (RTS) of the public sector (e.g., research institutions). Existing studies are all based on the traditional definition of RTS in…
Many researchers work on improving the data efficiency of machine learning. What would happen if they succeed? This paper explores the social-economic impact of increased data efficiency. Specifically, we examine the intuition that data…
The impact of predictive algorithms on people's lives and livelihoods has been noted in medicine, criminal justice, finance, hiring and admissions. Most of these algorithms are developed using data and human capital from highly developed…
Natural language models are often summarized through a high-dimensional set of descriptive metrics including training corpus size, training time, the number of trainable parameters, inference times, and evaluation statistics that assess…
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…
The literature on the theme of gender differences in research performance indicates a quite evident gap in favor of men over women. Beyond the understanding of the factors that could be at the basis of this phenomenon, it is worthwhile…
Development and growth are complex and tumultuous processes. Modern economic growth theories identify some key determinants of economic growth. However, the relative importance of the determinants remains unknown, and additional variables…
In this study, the scientific performance of Italian and Norwegian university professors is analysed using bibliometric indicators. The study is based on over 36,000 individuals and their publication output during the period 2011-2015.…