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Journal articles on the topic 'Economic Complexity'

Author: Grafiati

Published: 4 June 2021

Last updated: 26 July 2025

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1

Kukushkin, S. N. "New Economic Thinking – Economics of Complexity." Vestnik of the Plekhanov Russian University of Economics, no. 3 (May 15, 2025): 16–22. https://doi.org/10.21686/2413-2829-2025-3-16-22.

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Social and economic changes in today’s society for the last years and even decades took place mainly due to innovation technologies. Technologies mean new knowledge. Processes of shaping and using knowledge demonstrate fast growth. For instance, it is assumed that Russian vocabulary will double by 2030. In spite of increasing amount of knowledge, the need in it keeps growing. Human activity is short of both natural-scientific and economic knowledge. Firstly, cognition of economic processes could extend analytical instrument for its analysis. Secondly, development and manufacturing of new produ

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2

Mealy, Penny, J. Doyne Farmer, and Alexander Teytelboym. "Interpreting economic complexity." Science Advances 5, no. 1 (2019): eaau1705. http://dx.doi.org/10.1126/sciadv.aau1705.

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Two network measures known as the economic complexity index (ECI) and product complexity index (PCI) have provided important insights into patterns of economic development. We show that the ECI and PCI are equivalent to a spectral clustering algorithm that partitions a similarity graph into two parts. The measures are also closely related to various dimensionality reduction methods, such as diffusion maps and correspondence analysis. Our results shed new light on the ECI’s empirical success in explaining cross-country differences in gross domestic product per capita and economic growth, which

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3

Natera, Jose Miguel, and Fulvio Castellacci. "Transformational complexity, systemic complexity and economic development." Research Policy 50, no. 7 (2021): 104275. http://dx.doi.org/10.1016/j.respol.2021.104275.

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4

Pavlov, Oleg V. "Evolution and Economic Complexity." Journal of Economic Issues 40, no. 3 (2006): 834–36. http://dx.doi.org/10.1080/00213624.2006.11506953.

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5

ROSSER, J. BARKLEY. "ECONOPHYSICS AND ECONOMIC COMPLEXITY." Advances in Complex Systems 11, no. 05 (2008): 745–60. http://dx.doi.org/10.1142/s0219525908001957.

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This paper discusses the debate between those advocating a computational and those advocating a dynamic definition of complexity, and how this relates to issues in econophysics. It then reviews the criticisms that have been raised about ways in which econophysics has been done, noting that many of these are now being dealt with. Finally, it argues that while an obvious way to resolve many of these matters is to have economists and physicists work together, the physicists should be sure to work with economists who understand the complexity critique of conventional economic theory and are thus n

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6

Jakimowicz, Aleksander. "Fundamental Sources of Economic Complexity." International Journal of Nonlinear Sciences and Numerical Simulation 17, no. 1 (2016): 1–13. http://dx.doi.org/10.1515/ijnsns-2014-0085.

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AbstractThis 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. Four nonlinear classic models have been used for this purpose: virtual duopoly model, model of a centrally planned economy, cobweb model with adaptive expectations and the business cycle model. The issue of economic complexity has not been sufficiently dealt with in the literature. Studies of complexity in econom

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7

Voloshenko, Ksenia Yu. "Economic Security within the Limits of Economic Complexity." REGIONOLOGY 29, no. 2 (2021): 401–26. http://dx.doi.org/10.15507/2413-1407.115.029.202102.401-426.

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Introduction. The issues of ensuring economic security of regions (especially of those with a specific situation) taking into account the influence of economic complexity are a novel research problem. The development of regions, primarily the border ones, is determined by two divergent processes: growing economic complexity, determined by external constraints or opportunities, and economic security, associated with the internal potential and resources of the region. Based on the study conducted, the article reveals the features of the interconnection between economic security and economic comp

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8

Mashudi, Yudi. "Complexity of Sharia Economic Problems." Journal of Law and Regulation Governance 2, no. 7 (2024): 260–80. http://dx.doi.org/10.57185/jlarg.v2i7.63.

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This research employs a qualitative approach through literature review and juridical analysis to examine the complexities and challenges in the application of Sharia economics. The literature review involves a comprehensive analysis of existing academic and regulatory texts, focusing on the principles of Sharia economics such as the prohibition of riba, gharar, and maysir. The juridical analysis is conducted to explore the legal frameworks and interpretations that influence the implementation of Sharia economics in different jurisdictions. By identifying key regulatory barriers, differences in

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9

ADEGBOYEGA, Soliu B., Felix O. AJAYI, Bukonla G. OSISANWO, Aishat O. ADEDOKUN, Elizabeth A. AKINTUNDE, and AbdulHafiz A. KADIRI. "DETERMINANTS OF ECONOMIC COMPLEXITY IN NIGERIA." Journal of Public Administration, Finance and Law 32 (2024): 5–19. http://dx.doi.org/10.47743/jopafl-2024-32-1.

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The complexity of a country's economy is an important indicator of its level of development and competitiveness in the global economy. Economic complexity has received substantial attention in modern economics as a valuable instrument for analyzing an economic system's production capacity. It entails knowledge quantifying acquired by economic players and expressed in the production process (Hidalgo et al., 2007; Nguyen et al., 2021). Economic complexity explains how diverse and sophisticated an economy is in producing a wide range of goods and services. It measures the knowledge and capabiliti

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10

ADEGBOYEGA, Soliu B., Felix O. AJAYI, Bukonla G. OSISANWO, Aishat O. ADEDOKUN, Elizabeth A. AKINTUNDE, and AbdulHafiz A. KADIRI. "DETERMINANTS OF ECONOMIC COMPLEXITY IN NIGERIA." Journal of Public Administration, Finance and Law 31 (2024): 5–20. http://dx.doi.org/10.47743/jopafl-2024-31-1.

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The complexity of a country's economy is an important indicator of its level of development and competitiveness in the global economy. Economic complexity has received substantial attention in modern economics as a valuable instrument for analyzing an economic system's production capacity. It entails knowledge quantifying acquired by economic players and expressed in the production process (Hidalgo et al., 2007; Nguyen et al., 2021). Economic complexity explains how diverse and sophisticated an economy is in producing a wide range of goods and services. It measures the knowledge and capabiliti

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11

Picavet, Emmanuel. "Economic Regulation, Social Complexity and The Economic Viewpoint." OEconomia, no. 8-2 (June 1, 2018): 257–66. http://dx.doi.org/10.4000/oeconomia.3031.

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12

Lorenz, Hans-Walter. "Complexity in Economic Theory and Real Economic Life." European Review 17, no. 2 (2009): 403–21. http://dx.doi.org/10.1017/s1062798709000799.

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Complex dynamic behaviour in terms of chaotic motion, catastrophic events or other seemingly irregular and unexpected features of and in theoretical economic models – aimed at describing real-world phenomena – are nowadays known as a common property of many nonlinear approaches to an understanding of the motion of actual time series, such as inflation rates, unemployment figures, and many other – mainly macroeconomic – economic variables. Since most existing models in economic dynamics are constructed in the tradition of classical mechanics, this result does not appear as a real surprise. Howe

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13

Hidalgo, César A. "Economic complexity theory and applications." Nature Reviews Physics 3, no. 2 (2021): 92–113. http://dx.doi.org/10.1038/s42254-020-00275-1.

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14

ROSSER, J. Barkley. "Epistemological Implications of Economic Complexity." Annals of the Japan Association for Philosophy of Science 13, no. 1 (2004): 45–57. http://dx.doi.org/10.4288/jafpos1956.13.45.

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15

Moreno‐Casas, Vicente, and Philipp Bagus. "Dynamic efficiency and economic complexity." Economic Affairs 42, no. 1 (2022): 115–34. http://dx.doi.org/10.1111/ecaf.12509.

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16

Schoemaker, Paul J. H. "Strategy, Complexity, and Economic Rent." Management Science 36, no. 10 (1990): 1178–92. http://dx.doi.org/10.1287/mnsc.36.10.1178.

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17

Phelps, Steve, and Yvan I. Russell. "Economic drivers of biological complexity." Adaptive Behavior 23, no. 5 (2015): 315–26. http://dx.doi.org/10.1177/1059712315593607.

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18

Pintea, Mihaela, and Peter Thompson. "Technological complexity and economic growth." Review of Economic Dynamics 10, no. 2 (2007): 276–93. http://dx.doi.org/10.1016/j.red.2006.12.001.

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19

Gao, Jian, and Tao Zhou. "Quantifying China’s regional economic complexity." Physica A: Statistical Mechanics and its Applications 492 (February 2018): 1591–603. http://dx.doi.org/10.1016/j.physa.2017.11.084.

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20

Felipe, Jesus, Utsav Kumar, Arnelyn Abdon, and Marife Bacate. "Product complexity and economic development." Structural Change and Economic Dynamics 23, no. 1 (2012): 36–68. http://dx.doi.org/10.1016/j.strueco.2011.08.003.

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21

Lachmann, L. M. "Speculative Markets and Economic Complexity." Economic Affairs 8, no. 2 (1988): 7–10. http://dx.doi.org/10.1111/j.1468-0270.1988.tb01531.x.

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22

Nepelski, Daniel, and Giuditta De Prato. "Technological complexity and economic development." Review of Development Economics 24, no. 2 (2020): 448–70. http://dx.doi.org/10.1111/rode.12650.

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23

Not Available, Not Available. "Economic Evolution, Learning, and Complexity." Journal of Evolutionary Economics 9, no. 1 (1999): 1–4. http://dx.doi.org/10.1007/s001910050072.

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24

Tumanyan, Yurii R. "Complexity Economics Theory and Public Expectations." Journal of Economic Regulation 16, no. 2 (2025): 030–36. https://doi.org/10.17835/2078-5429.2025.16.2.030-036.

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In modern conditions, the state, when conducting socio-economic policy, increasingly pays attention to the conclusions and results of research in economic science, which later become suitable tools for eliminating problematic and crisis phenomena arising in society. In this aspect, positive expectations are also formed in public life. The introduction of scientific research and approaches into practice is an important aspect of modern economic policy and the basis of management to level the imbalance in social development. Today, new branches of economic knowledge and approaches to the study o

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25

Aslam, Aribah, Maryam Ishaq, Ghulam Ghouse, and Bismillah Khan. "Economic Complexity, Institutions, and Property Rights." European Management Studies 2023, no. 3 (2023): 102–18. http://dx.doi.org/10.7172/2956-7602.101.5.

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Objectives/Background: Property rights play a fundamental role in economics through rights to asset and resource owners, thereby enhancing their economic efficiency. The study investigates the relationship between property rights and economic complexity across countries classified by income levels, including high, middle, and low-income nations. Methods: The study utilized Robust Least Square (RLS) to obtain results from a secondary data set. Results: Our analysis reveals a positive relation between economic complexity and property rights across all income groups. It is suggested to have poten

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26

Bishop, Alex, and Juan Mateos-Garcia. "Exploring the Link Between Economic Complexity and Emergent Economic Activities." National Institute Economic Review 249 (August 2019): R47—R58. http://dx.doi.org/10.1177/002795011924900114.

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Recent studies have shown a strong link between the complexity of economies and their economic development. There remain gaps in our understanding of the mechanisms underpinning these links, in part because they are difficult to analyse with highly aggregated, official data sources that do not capture the emergence of new industrial activities, a potential benefit from complexity. We seek to address some of these gaps by calculating two indices of economic complexity for functional local economies (Travel to Work Areas) in Great Britain, and explore their link with these locations’ economic pe

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27

NYZHNYK, Oleh, and Iryna NYZHNYK. "THE COMPLEXITY OF ASSESSING THE LEVEL OF ECONOMIC SECURITY OF INNOVATION-ORIENTED SOCIO-ECONOMIC SYSTEMS." Herald of Khmelnytskyi National University. Economic sciences 318, no. 3 (2023): 134–38. http://dx.doi.org/10.31891/2307-5740-2023-318-3-20.

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The current macroeconomic and socio-political situation in Ukraine is extremely complicated by a long period of economic decline, the consequences of the pandemic and the conduct of a full-scale war, which actualizes the issue of maintaining an adequate level of economic security of socio-economic systems and, including, the issue of improving approaches to assessing its current level. The evaluation and analytical processes are one of the most important in the system of ensuring the economic security of socio-economic systems of different hierarchical levels, since, under the conditions of qu

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28

Abdulmajeed, Ahmed, Ahmed Albajjari, and Ahmed Alkhafaje. "Economic Complexity and Sustainable Economic Growth in Arab Countries." International Journal of Financial, Administrative, and Economic Sciences 4, no. 4 (2025): 174–96. https://doi.org/10.59992/ijfaes.2025.v4n4p6.

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The nature and size of the productive structure of economies represent fundamental determinants of sustainable economic growth and their ability to adapt to the economic shocks faced by these economies. Therefore, the study aims to measure the impact of the nature of the productive structure, represented by the economic complexity index and its determinants (knowledge and innovation), on sustainable economic growth (represented by the GDP per capita by PPP) in Arab countries. Also, it aims to measure the extent to which these countries can absorb those shocks through their ability to sustain t

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29

KIRMAN, ALAN. "ECONOMICS AND COMPLEXITY." Advances in Complex Systems 07, no. 02 (2004): 139–55. http://dx.doi.org/10.1142/s0219525904000123.

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This paper presents a view of the economy as a complex system with heterogeneous interacting agents who collectively organize themselves to generate aggregate phenomena which cannot be regarded as the behavior of some average or representative individual. There is an essential difference between the aggregate and the individual and such phenomena as bubbles and crashes, herd behavior, the transmission of information and the organization of trade are better modeled in the sort of framework suggested here than in more standard economic models.

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30

Barilenko, V. I. "Expanding the complexity of economic analysis." РИСК: Ресурсы, Информация, Снабжение, Конкуренция, no. 4 (2021): 142–47. http://dx.doi.org/10.56584/1560-8816-2021-4-142-147.

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31

Roshchina, N., L. Bordanova, and A. Starovoit. "THE GROWING COMPLEXITY OF ECONOMIC CRISES." Agrosvit, no. 22 (December 4, 2020): 86. http://dx.doi.org/10.32702/2306-6792.2020.22.86.

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32

Balland, Pierre-Alexandre, Tom Broekel, Dario Diodato, et al. "The new paradigm of economic complexity." Research Policy 51, no. 3 (2022): 104450. http://dx.doi.org/10.1016/j.respol.2021.104450.

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33

Drożdż, Stanisław, Jarosław Kwapień, and Paweł Oświęcimka. "Complexity in Economic and Social Systems." Entropy 23, no. 2 (2021): 133. http://dx.doi.org/10.3390/e23020133.

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During recent years we have witnessed a systematic progress in the understanding of complex systems, both in the case of particular systems that are classified into this group and, in general, as regards the phenomenon of complexity [...]

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34

David Colander. "Economic Theory, Complexity, and Social Policy." Evolutionary Studies in Imaginative Culture 2, no. 1 (2018): 23. http://dx.doi.org/10.26613/esic.2.1.67.

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35

Herbert Gintis. "Simplicity and Complexity in Economic Theory." Evolutionary Studies in Imaginative Culture 2, no. 1 (2018): 45. http://dx.doi.org/10.26613/esic.2.1.72.

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36

Chakraborty, Abhijit, Hiroyasu Inoue, and Yoshi Fujiwara. "Economic complexity of prefectures in Japan." PLOS ONE 15, no. 8 (2020): e0238017. http://dx.doi.org/10.1371/journal.pone.0238017.

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37

Mortoza, Letícia P. D., and José R. C. Piqueira. "Measuring complexity in Brazilian economic crises." PLOS ONE 12, no. 3 (2017): e0173280. http://dx.doi.org/10.1371/journal.pone.0173280.

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38

Cristelli, Matthieu, Andrea Tacchella, and Luciano Pietronero. "The Heterogeneous Dynamics of Economic Complexity." PLOS ONE 10, no. 2 (2015): e0117174. http://dx.doi.org/10.1371/journal.pone.0117174.

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39

Hidalgo, C. A., and R. Hausmann. "The building blocks of economic complexity." Proceedings of the National Academy of Sciences 106, no. 26 (2009): 10570–75. http://dx.doi.org/10.1073/pnas.0900943106.

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40

Gomez-Gonzalez, Jose E., Jorge M. Uribe, and Oscar M. Valencia. "Sovereign debt cost and economic complexity." Journal of International Financial Markets, Institutions and Money 99 (March 2025): 102121. https://doi.org/10.1016/j.intfin.2025.102121.

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41

Jackson, J. H. "International Economic Law: Complexity and Puzzles." Journal of International Economic Law 10, no. 1 (2007): 3–12. http://dx.doi.org/10.1093/jiel/jgm001.

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42

Romero, João P., and Camila Gramkow. "Economic complexity and greenhouse gas emissions." World Development 139 (March 2021): 105317. http://dx.doi.org/10.1016/j.worlddev.2020.105317.

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43

Helbing, Dirk. "Managing Complexity in Socio-Economic Systems." European Review 17, no. 2 (2009): 423–38. http://dx.doi.org/10.1017/s1062798709000775.

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This contribution summarizes some typical features of complex systems such as non-linear interactions, chaotic dynamics, the ``butterfly effect’’, phase transitions, self-organized criticality, cascading effects, and power laws. These imply sometimes quite unexpected, counter-intuitive, or even paradoxical behaviors of socio-economic systems. A typical example is the faster-is-slower effect. Due to their tendency of self-organization, complex systems are often hard to control. Instead of trying to control their behavior, it would often be better to pursue the approach of guided self-organizati

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44

Koppl, Roger. "Some epistemological implications of economic complexity." Journal of Economic Behavior & Organization 76, no. 3 (2010): 859–72. http://dx.doi.org/10.1016/j.jebo.2010.09.012.

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45

Pilatti, Luiz Alberto, Priscila Rubbo, and Claudia Tania Picinin. "Innovation and economic complexity in BRICS." International Journal of Knowledge Management Studies 12, no. 1 (2021): 66. http://dx.doi.org/10.1504/ijkms.2021.10034273.

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46

Rubbo, Priscila, Claudia Tania Picinin, and Luiz Alberto Pilatti. "Innovation and economic complexity in BRICS." International Journal of Knowledge Management Studies 12, no. 1 (2021): 66. http://dx.doi.org/10.1504/ijkms.2021.112222.

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47

Ferrarini, Benno, and Pasquale Scaramozzino. "Production complexity, adaptability and economic growth." Structural Change and Economic Dynamics 37 (June 2016): 52–61. http://dx.doi.org/10.1016/j.strueco.2015.12.001.

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48

Vargas, Mauricio. "Economiccomplexity: Computational Methods for Economic Complexity." Journal of Open Source Software 5, no. 46 (2020): 1866. http://dx.doi.org/10.21105/joss.01866.

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49

Alam Choudhury, Masudul. "Complexity and endogeneity in economic modeling." Kybernetes 42, no. 2 (2013): 226–40. http://dx.doi.org/10.1108/03684921311310585.

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50

Foster, John, and Stan J. Metcalfe. "Evolution and economic complexity: an overview." Economics of Innovation and New Technology 18, no. 7 (2009): 607–10. http://dx.doi.org/10.1080/10438590802564477.

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