eprintid: 1554
rev_number: 10
eprint_status: archive
userid: 6
dir: disk0/00/00/15/54
datestamp: 2013-04-29 10:06:00
lastmod: 2016-04-07 09:55:54
status_changed: 2013-04-29 10:06:00
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: Economic complexity: Conceptual grounding of a new metrics for global competitiveness
ispublished: pub
subjects: HB
subjects: QA
subjects: QC
divisions: EIC
full_text_status: none
keywords: Economic complexity; Metrics; Country competitiveness;    Product complexity; Export; Toy model
abstract: The availability of data corresponding to the products exported by all countries provides an excellent dataset to test economic ideas and extract new information about the process of economic development. The matrix of countries and exported products shows a marked triangular structure instead of the block-diagonal structure expected from Ricardian arguments of specialization. This observation points to the fact that diversification is instead the dominant effect in the globalized market. We discuss how to define a suitable non-monetary metrics for the value of diversification and the effective complexity of products. We discuss in detail the previous proposed approaches to assess this challenge and their limitations. We introduce a new approach to the definition of these metrics which seems to overcome the previous problems and we test it in a series of model systems.
date: 2013
date_type: published
publication: Journal of Economic Dynamics and Control
volume: 37
number: 8
publisher: Elsevier
pagerange: 1683-1691
id_number: 10.1016/j.jedc.2013.04.006
refereed: TRUE
issn: 0165-1889
official_url: http://dx.doi.org/10.1016/j.jedc.2013.04.006
projects: EC FET Open Project “FOC” Nr. 255987
projects: PNR National Project CRISIS-Lab
citation:   Tacchella, Andrea and Cristelli, Matthieu and Caldarelli, Guido and Gabrielli, Andrea and Pietronero, Luciano  Economic complexity: Conceptual grounding of a new metrics for global competitiveness.  Journal of Economic Dynamics and Control, 37 (8).  pp. 1683-1691.  ISSN 0165-1889      (2013)