ArticlePloS one2018
Economic complexity unfolded: Interpretable model for the productive structure of economies.
Article in PloS one, 2018. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 4 papers.
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Who cites it
4 citing papers in PubMed.
- The new evidence of China's economic downturn: From structural bonus to structural imbalance.PloS one · 2021Article
- Core-periphery structure in sectoral international trade networks: A new approach to an old theory.PloS one · 2020Article
- Economic complexity of prefectures in Japan.PloS one · 2020Article
- Article
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Authors and funding
5 authors.
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Abstract
Economic complexity reflects the amount of knowledge that is embedded in the productive structure of an economy. It resides on the premise of hidden capabilities-fundamental endowments underlying the productive structure. In general, measuring the capabilities behind economic complexity directly is difficult, and indirect measures have been suggested which exploit the fact that the presence of the capabilities is expressed in a country's mix of products. We complement these studies by introducing a probabilistic framework which leverages Bayesian non-parametric techniques to extract the dominant features behind the comparative advantage in exported products. Based on economic evidence and trade data, we place a restricted Indian Buffet Process on the distribution of countries' capability endowment, appealing to a culinary metaphor to model the process of capability acquisition. The approach comes with a unique level of interpretability, as it produces a concise and economically plausible description of the instantiated capabilities.
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Registered trials
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