Debunking in a world of tribes
F. Zollo, A. Bessi, M. Vicario, A. Caldarelli, L. Shekhtman, S. Havlin, W. Quattrociocchi
PLOS ONE
60 views
DebtRank: A microscopic foundation for shock propagation
M. Bardoscia, S. Battiston, F. Caccioli, G. Caldarelli
PLOS ONE
104 views
The organization of the interbank network and how ECB unconventional measures affected the e-MID overnight market
F. Lillo, P. Barucca
Computational Management Science
30 views
Random close packing fractions of lognormal distributions of hard spheres
R. Farr
Powder Technology
72 views
How much can we influence the rate of innovation?
T. Fink, M. Reeves
Sub. to
Science Advances
10 views
Photonic Maxwell’s Demon
M. Vidrighin, O. Dahlsten, M. Barbieri, M. Kim, V. Vedral, I. Walmsley
Physical Review Letters
63 views
The mise en scene of memristive networks: effective memory, dynamics and learning
F. Caravelli
International Journal of Parallel, Emergent and Distributed Systems
98 views
Bootstrapping topology and systemic risk of complex network using the fitness model
N. Musmeci, S. Battiston, G. Caldarelli, M. Puliga, A. Gabrielli
Journal of Statistical Physics
85 views
Serendipity and strategy in rapid innovation
T. Fink, M. Reeves, R. Palma, R. Farr
Nature Communications
194 views
Entanglement typicality
O. Dahlsten, C. Lupo, S. Mancini, A. Serafini
Journal of Physics A
103 views
Searching for Great Strategies
T. Fink, P. Ghemawat, M. Reeves
Strategy Science
78 views
Low-temperature behaviour of social and economic networks
D. Garlaschelli, S. Ahnert, T. Fink, G. Caldarelli
Entropy
111 views
How predictable is technological progress?
D. Farmer, F. Lafond
Research Policy
50 views
76 papers
A new metric for countries’ fitness and products’ complexity
Scientific Reports
2, 723 (2012)
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.
Physicists make ‘weather forecasts’ for economies
A new metric for countries’ fitness and products’ complexity
Nature, 2015-02-23