Related papers: The Quantitative Comparative Economics: indices of…
Economic growth results from countries' accumulation of organizational and technological capabilities. The Economic and Product Complexity Indices, introduced as an attempt to measure these capabilities from a country's basket of exported…
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…
Measurement is a complicated but very necessary task. Many indices have been created in an effort to define the quality of knowledge produced but they have attracted strong criticism, having become synonymous with individualism, competition…
Inequality indices are quantitative scores that gauge the divergence of wealth distributions in human societies from the "ground state" of pure communism. While inequality indices were devised for socioeconomic applications, they are…
Uncovering the structure of socioeconomic systems and timely estimation of socioeconomic status are significant for economic development. The understanding of socioeconomic processes provides foundations to quantify global economic…
A good deal of science and technology concepts and methods rely on comparing and relating entities in quantitative terms. Among the several possible approaches, similarity indices allow some interesting features, especially the ability to…
We propose a similarity-based method, using the similarity between nodes, to address the problem of classification in partially labeled networks. The basic assumption is that two nodes are more likely to be categorized into the same class…
Socio-economic inequality is measured using various indices. The Gini ($g$) index, giving the overall inequality is the most commonly used, while the recently introduced Kolkata ($k$) index gives a measure of $1-k$ fraction of population…
A country's mix of products predicts its subsequent pattern of diversification and economic growth. But does this product mix also predict income inequality? Here we combine methods from econometrics, network science, and economic…
The use of quantitative indicators of scientific productivity seems now quite widespread for assessing researchers and research institutions. There is a general perception, however, that these indicators are not necessarily representative…
Benchmarking and monitoring urban design and transport features is critical to achieving local and international health and sustainability goals. However, most urban indicator frameworks use coarse spatial scales that only allow…
A society or country with income equally distributed among its people is truly a fiction! The phenomena of socioeconomic inequalities have been plaguing mankind from times immemorial. We are interested in gaining an insight about the…
The Index of Dissimilarity (ID), widely utilized in economic literature as a measure of segregation, is inadequate for cross-country or time series studies due to its failure to account for structural variations across countries' labor…
The Jaccard similarity index has often been employed in science and technology as a means to quantify the similarity between two sets. When modified to operate on real-valued values, the Jaccard similarity index can be applied to compare…
Quantifying the similarity of two or more datasets has widespread applications in statistics and machine learning. The method choice is, however, difficult due to the abundance of proposed methods and the lack of neutral comparison studies,…
Public managers lack feedback on the effectiveness of public investments, policies, and programs instituted to build and use research capacity. Numerous reports rank countries on global performance on innovation and competitiveness, but the…
Measuring similarity between complex objects is a fundamental task in many scientific fields. When objects are represented as graphs, graph similarity/distance measures offer a powerful framework for quantifying structural resemblance.…
The underlying idea behind the construction of indices of economic inequality is based on measuring deviations of various portions of low incomes from certain references or benchmarks, that could be point measures like population mean or…
Increasingly, critical decisions in public policy, governance, and business strategy rely on a deeper understanding of the needs and opinions of constituent members (e.g. citizens, shareholders). While it has become easier to collect a…
The benefits of using complex network analysis (CNA) to study complex systems, such as an economy, have become increasingly evident in recent years. However, the lack of a single comparative index that encompasses the overall wellness of a…