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Fundamental Sources of Economic Complexity
International Journal of Nonlinear Sciences and Numerical Simulation, 2015Abstract This article analyses the basic sources and types of economic complexity: chaotic attractors and repellers, complexity catastrophes, coexistence of attractors, sensitive dependence on parameters, final state sensitivity, effects of fractal basin boundaries and chaotic saddles.
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1999
John Cornwall has for some time been interested in a methodology which incorporates the path dependence of macroeconomic phenomena. It is now increasingly accepted that most economic time series are accurately characterized as possessing a unit root. This implies that they do not follow any deterministic trend path, and that any ‘trends’ found are time-
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John Cornwall has for some time been interested in a methodology which incorporates the path dependence of macroeconomic phenomena. It is now increasingly accepted that most economic time series are accurately characterized as possessing a unit root. This implies that they do not follow any deterministic trend path, and that any ‘trends’ found are time-
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Economic complexity theory and applications
Nature Reviews Physics, 2021Cesar Hidalgo, César A Hidalgo
exaly
Sovereign Risk and Economic Complexity
This paper investigates how a country's economic complexity influences its sovereign yield spread with respect to the United States. Notably, a one-unit increase in the Economic Complexity Index is associated with a reduction of about 87 basis points in the 10-year yield spread. However, this effect is largely non-significant for maturities under threeJose E. Gomez-Gonzalez +2 more
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Economic complexity and environmental degradation: Evidence from OECD countries
Business Strategy and the Environment, 2023Olufemi Aluko +2 more
exaly
Complexity Economics and Workaday Economic Policy
2016This chapter argues that complexity theory has significant implications for workaday economic policy. The complexity vision, which pictures an economy as a complex evolving system undergoing continual evolutionary change, has direct relevance for their workaday applied policy. Good applied policy is not applied science but rather more like engineering.
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