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An Eco-Systems Approach to Constructing Economic Complexity Measures: Endogenization of the Technological Dimension Using Lotka-Volterra Equations

Ivanova, Inga; Strand, Øivind; Leydesdorff, Loet
Journal article, Peer reviewed
Accepted version
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Ivanova.pdf (1.147Mb)
Permanent lenke
http://hdl.handle.net/11250/2599364
Utgivelsesdato
2018
Metadata
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  • Institutt for internasjonal forretningsdrift [317]
  • Publikasjoner fra CRIStin - NTNU [26591]
Originalversjon
10.1142/S0219525918500236
Sammendrag
Economic complexity measures have been constructed on the basis of bipartite country-product network data, but without paying attention to the technological dimension or manufacturing capabilities. In this study, we submit a Ternary Complexity Index (TCI), which explicitly incorporates technological knowledge as a third dimension, measured in terms of patents. Different from a complexity indicator based on the Triple Helix model (THCI) or a measure based on patents and countries (PatCI), TCI — products, countries, and patents — can be modeled in terms of Lotka–Volterra equations and thus the further evolution of an innovation eco-system can be specified. We test the model using empirical data. The results of a regression analysis show that TCI improves on Hidalgo and Hausmann’s [The building blocks of economic complexity, Proc. Natl. Acad. Sci.106 (26) (2009) 10570–10575] and Tacchella et al.’s [A new metrics for countries fitness and products complexity, Sci. Rep.2 (2012)] complexity measures with respect to both the ranking of countries in terms of their complexity and in terms of the correlation with GDP per capita.
Utgiver
World Scientific Publishing
Tidsskrift
Advances in Complex Systems

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