eprintid: 1403
rev_number: 11
eprint_status: archive
userid: 6
dir: disk0/00/00/14/03
datestamp: 2012-10-16 12:55:08
lastmod: 2016-04-07 09:23:37
status_changed: 2012-10-16 12:55:08
type: article
metadata_visibility: show
creators_name: Tacchella, Andrea
creators_name: Cristelli, Matthieu
creators_name: Caldarelli, Guido
creators_name: Gabrielli, Andrea
creators_name: Pietronero, Luciano
creators_id: 
creators_id: 
creators_id: guido.caldarelli@imtlucca.it
creators_id: 
creators_id: 
title: A New Metrics for Countries' Fitness and Products' Complexity
ispublished: pub
subjects: HB
subjects: QC
divisions: EIC
full_text_status: public
abstract: Classical economic theories prescribe specialization of countries industrial production. Inspection of the country databases of exported products shows that this is not the case: successful countries are extremely diversified, in analogy with biosystems evolving in a competitive dynamical environment. The challenge is assessing quantitatively the non-monetary competitive advantage of diversification which represents the hidden potential for development and growth. Here we develop a new statistical approach based on coupled non-linear maps, whose fixed point defines a new metrics for the country Fitness and product Complexity. We show that a non-linear iteration is necessary to bound the complexity of products by the fitness of the less competitive countries exporting them. We show that, given the paradigm of economic complexity, the correct and simplest approach to measure the competitiveness of countries is the one presented in this work. Furthermore our metrics appears to be economically well-grounded.
date: 2012-10
date_type: published
publication: Scientific Reports
volume: 2
publisher: Nature Publishing Group
id_number: 10.1038/srep00723
refereed: TRUE
issn: 2045-2322
official_url: http://dx.doi.org/10.1038/srep00723
projects: EC FET Open Project “FOC” No. 255987
projects: PNR project CRISIS-Lab
citation:   Tacchella, Andrea and Cristelli, Matthieu and Caldarelli, Guido and Gabrielli, Andrea and Pietronero, Luciano  A New Metrics for Countries' Fitness and Products' Complexity.  Scientific Reports, 2.   ISSN 2045-2322      (2012)  
document_url: http://eprints.imtlucca.it/1403/1/Scientific_Reports_Caldarelli_2012.pdf