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Economic complexity reflects the amount of knowledge that is embedded in the productive structure of an economy. It resides on the premise of hidden capabilities - fundamental endowments underlying the productive structure. In general,…

计量经济学 · 经济学 2018-09-05 Zoran Utkovski , Melanie F. Pradier , Viktor Stojkoski , Fernando Perez-Cruz , Ljupco Kocarev

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…

综合经济学 · 经济学 2023-08-15 Aurelio Patelli , Lorenzo Napolitano , Giulio Cimini , Emanuele Pugliese , Andrea Gabrielli

In economic literature, economic complexity is typically approximated on the basis of an economy's gross export structure. However, in times of ever increasingly integrated global value chains, gross exports may convey an inaccurate image…

综合经济学 · 经济学 2020-12-11 Philipp Koch

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…

经济学 · 定量金融 2017-01-31 D. Hartmann , M. R. Guevara , C. Jara-Figueroa , M. Aristaran , C. A. Hidalgo

Contrary to conventional economic growth theory, which reduces a country's output to one aggregate variable (GDP), product diversity is central to economic development, as recent 'economic complexity' research suggests. A country's product…

统计金融 · 定量金融 2023-05-09 Sabiou Inoua

Recent studies highlight economic complexity's role in mitigating fiscal crises, often measured via an economy's trade structure. Trade, however, is just one facet of an economy's structure and omits critical innovative activities like…

综合经济学 · 经济学 2024-11-05 Goran Hristovski , Gjorgji Gockov , Viktor Stojkoski

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…

综合经济学 · 经济学 2026-04-08 Ziang Huang , Huashan Chen

Trade networks, across which countries distribute their products, are crucial components of the globalized world economy. Their structure is strongly heterogeneous across products, given the different features of the countries which buy and…

物理与社会 · 物理学 2019-01-09 Carlo Piccardi , Lucia Tajoli

For Adam Smith, wealth was related to the division of labor. As people and firms specialize in different activities, economic efficiency increases, suggesting that development is associated with an increase in the number of individual…

综合金融 · 定量金融 2009-09-23 Cesar A. Hidalgo , Ricardo Hausmann

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…

物理与社会 · 物理学 2023-03-28 James McNerney , Yang Li , Andres Gomez-Lievano , Frank Neffke

We provide a mechanistic foundation for economic complexity methods. In our model, an economy's ability to produce an activity depends on the joint presence of required capabilities. We analytically derive the Economic Complexity Index…

综合经济学 · 经济学 2026-05-29 César A. Hidalgo , Viktor Stojkoski

Economic growth is often associated with diversification of economic activities. Making a product in a country is dependent on having, and acquiring, the capabilities needed to make the product, making the process path-dependent. We derive…

物理与社会 · 物理学 2018-09-05 Neave O'Clery , Muhammed A. Yildirim , Ricardo Hausmann

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…

经济学 · 定量金融 2016-11-22 Viktor Stojkoski , Zoran Utkovski , Ljupco Kocarev

To achieve inclusive green growth, countries need to consider a multiplicity of economic, social, and environmental factors. These are often captured by metrics of economic complexity derived from the geography of trade, thus missing key…

综合经济学 · 经济学 2024-07-25 Viktor Stojkoski , Philipp Koch , César A. Hidalgo

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…

经济学 · 定量金融 2015-12-09 Manuel Sebastian Mariani , Alexandre Vidmer , Matus Medo , Yi-Cheng Zhang

A rich theoretical and empirical literature investigated the link between export diversification and firm performance. Prior theoretical works hinted at the key role of capability accumulation in shaping production activities and…

综合经济学 · 经济学 2025-07-30 Valerio De Stefano , Maddalena Mula , Manuel Sebastian Mariani , Andrea Zaccaria

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…

综合经济学 · 经济学 2024-06-25 Carlo Bottai , Jacopo Di Iorio , Martina Iori

Economies grow by upgrading the type of products they produce and export. The technology, capital, institutions and skills needed to make such new products are more easily adapted from some products than others. We study the network of…

综合金融 · 定量金融 2009-11-13 C. A. Hidalgo , B. Klinger , A. -L. Barabasi , R. Hausmann

We develop a machine-learning-based method, Principal Smooth-Dynamics Analysis (PriSDA), to identify patterns in economic development and to automate the development of new theory of economic dynamics. Traditionally, economic growth is…

物理与社会 · 物理学 2018-12-11 Charles D. Brummitt , Andres Gomez-Lievano , Ricardo Hausmann , Matthew H. Bonds

We analyze export data aggregated at world global level of 219 classes of products over a period of 39 years. Our main goal is to set up a dynamical model to identify and quantify plausible mechanisms by which the evolutions of the various…

经济学 · 定量金融 2016-09-20 Michele Caraglio , Fulvio Baldovin , Attilio L. Stella
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