New metric for the economic complexity of countries and products
Event details
| Date | 03.10.2011 |
| Hour | 16:15 |
| Speaker | Prof. Luciano Pietronero |
| Location |
Auditoire CE 1 - Centre Est
|
| Category | Conferences - Seminars |
We discuss a new approach to the complexity of countries and products. The basic information is represented by the matrix of countries and exported products. The strongly dynamical situation of the world market suggests that flexibility and adaptability are important elements in the spirit of bio-diversification. The basic idea is to derive self-consistently a Fitness parameter for the countries and a Quality parameter for the products. These concepts are implemented with the use of statistical concepts inspired to the page rank (Google) problem and lead to a novel classification with new information with respect to the standard economic analysis.
Practical information
- General public
- Free