Reconciling contrasting views on economic complexity.

ABSTRACT: Summarising the complexity of a country's economy in a single number is the holy grail for scholars engaging in data-based economics. In a field where the Gross Domestic Product remains the preferred indicator for many, economic complexity measures, aiming at uncovering the productive knowledge of countries, have been stirring the pot in the past few years. The commonly used methodologies to measure economic complexity produce contrasting results, undermining their acceptance and applications. Here we show that these methodologies - apparently conflicting on fundamental aspects - can be reconciled by adopting a neat mathematical perspective based on linear-algebra tools within a bipartite-networks framework. The obtained results shed new light on the potential of economic complexity to tra

SUBMITTER: Sciarra C 

PROVIDER: S-EPMC7335174 | biostudies-literature | 2020 Jul

REPOSITORIES: biostudies-literature