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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

Few attempts have been proposed in order to describe the statistical features and historical evolution of the export bipartite matrix countries/products. An important standpoint is the introduction of a products network, namely a…

物理与社会 · 物理学 2015-11-10 Fabio Saracco , Riccardo Di Clemente , Andrea Gabrielli , Luciano Pietronero

As countries develop, the relative importance of agriculture declines and economic activity becomes spatially concentrated. We develop a model integrating structural change and regional disparities to jointly capture these phenomena. A key…

综合经济学 · 经济学 2024-12-06 Clement E. Bohr , Marti Mestieri , Frederic Robert-Nicoud

A key element to understand complex systems is the relationship between the spatial scale of investigation and the structure of the interrelation among its elements. When it comes to economic systems, it is now well-known that the…

物理与社会 · 物理学 2022-02-07 Dario Laudati , Manuel S. Mariani , Luciano Pietronero , Andrea Zaccaria

Many systems in physics, engineering, and biology exhibit multiscale stochastic dynamics, where low-dimensional slow variables evolve under the influence of high-dimensional fast processes. In practice, observations are often limited to a…

机器学习 · 统计学 2026-05-12 Anan Saha , Arnab Ganguly

Differential equations are a ubiquitous tool to study dynamics, ranging from physical systems to complex systems, where a large number of agents interact through a graph with non-trivial topological features. Data-driven approximations of…

统计力学 · 物理学 2024-04-26 Vaiva Vasiliauskaite , Nino Antulov-Fantulin

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

Statistical (machine learning) tools for equation discovery require large amounts of data that are typically computer generated rather than experimentally observed. Multiscale modeling and stochastic simulations are two areas where learning…

机器学习 · 统计学 2021-03-17 Joseph Bakarji , Daniel M. Tartakovsky

We analyse global export data within the Economic Complexity framework. We couple the new economic dimension Complexity, which captures how sophisticated products are, with an index called logPRODY, a measure of the income of the respective…

经济学 · 定量金融 2017-05-26 Orazio Angelini , Matthieu Cristelli , Andrea Zaccaria , Luciano Pietronero

We investigate a selection-mutation model for the dynamics of technological innovation,a special case of reaction-diffusion equations. Although mutations are assumed to increase the variety of technologies, not their average success…

统计力学 · 物理学 2007-05-23 Dirk Helbing , Martin Treiber , Nicole J. Saam

Machine learning methods have achieved good performance and been widely applied in various real-world applications. They can learn the model adaptively and be better fit for special requirements of different tasks. Generally, a good machine…

计算机视觉与模式识别 · 计算机科学 2019-05-21 Zhiqiang Gong , Ping Zhong , Weidong Hu

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…

经济学 · 定量金融 2018-01-09 Emanuele Pugliese , Guido L. Chiarotti , Andrea Zaccaria , Luciano Pietronero

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 the first part of this paper, we consider a family of continuous-time dynamical systems coupled with diffusion-transmutation processes. Under certain conditions, such randomly perturbed dynamical systems can be interpreted as an averaged…

最优化与控制 · 数学 2024-08-21 Getachew K. Befekadu

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

This article proposes predictive economics as a distinct analytical perspective within economics, grounded in machine learning and centred on predictive accuracy rather than causal identification. Drawing on the instrumentalist tradition…

综合经济学 · 经济学 2025-10-07 Miguel Alves Pereira

Stochastic dynamical systems arise naturally across nearly all areas of science and engineering. Typically, a dynamical system model is based on some prior knowledge about the underlying dynamics of interest in which probabilistic features…

计算工程、金融与科学 · 计算机科学 2021-09-03 Chao Yin , Xihaier Luo , Ahsan Kareem

This paper provides the state of the art of data science in economics. Through a novel taxonomy of applications and methods advances in data science are investigated. The data science advances are investigated in three individual classes of…

综合金融 · 定量金融 2020-03-31 Saeed Nosratabadi , Amir Mosavi , Puhong Duan , Pedram Ghamisi

GDP is a vital measure of a country's economic health, reflecting the total value of goods and services produced. Forecasting GDP growth is essential for economic planning, as it helps governments, businesses, and investors anticipate…

综合经济学 · 经济学 2024-09-05 Huaqing Xie , Xingcheng Xu , Fangjia Yan , Xun Qian , Yanqing Yang

We introduce an algorithm able to reconstruct the relevant network structure on which the time evolution of country-product bipartite networks takes place. The significant links are obtained by selecting the largest values of the projected…

经济学 · 定量金融 2014-12-24 Andrea Zaccaria , Matthieu Cristelli , Andrea Tacchella , Luciano Pietronero