Thread by @pa_balland

Have you heard about Economic Complexity?

Check out our new paper for a brief introduction to this powerful new paradigm: sciencedirect.com/science/articl…

Thanks for the great collaboration @TBroekel, @dario_diodato, @elisagiulianitw, @ricardo_hausman, @NeaveOClery & D. Rigby!

Economic complexity offers a new paradigm to understand key societal issues and challenges of our time.

The key idea: growth, development, technological change, income inequality, spatial disparities, resilience are all visible outcomes of hidden systemic interactions.

Earlier this year, the Physics #Nobel honored the use of complex systems thinking to understand climate change.

Economic complexity is about applying complex systems thinking & network science to economic and social issues.

Economic complexity maps the structure of these interactions, explains how they shape various socioeconomic processes, and makes useful predictions about economic change.

This emerging field relies heavily on big #data and #machine learning techniques.

Institutions including the World Bank [@WorldBank], the European Commission [@EU_Commission], the World Economic Forum [@wef], the OECD [@OECDinnovation], and a range of national and regional organizations are embracing economic complexity.

Policy innovators such as @PeterBerkowitz1, @rarjonaEU, @RavetJulien, @philippehaerte1 are building on these tools to adapt policy making to a complex world.

Our #ESIR group is using some of these core principles to unpack economic, social and environmental tensions.

Another great introduction to economic complexity has been published earlier by @cesifoti in Nature Physics Review: nature.com/articles/s4225…

You can also check out César's keynote at @ERSA_org based on this paper:

One of the key reasons why economic complexity gained popularity is the incredible dedication of @ximoes, @davelandry, @cesifoti and their team to provide high-end visualizations of trade data: oec.world

My students can't get enough of it.

Economic complexity is powered by a growing community of senior and junior scholars worldwide.

We organize workshops and events in Europe and the US: complexity.world

This paper is an introduction to the Research Policy special issue on economic complexity. Check out the excellent papers by:

Pablo Catalán, Carlos Navarrete [@cnavarreteliz], and Felipe Figueroa on "The scientific and technological cross-space: Is technological diversification driven by scientific endogenous capacity?"

sciencedirect.com/science/articl…

LarsMewes [@lmecongeo] and TomBroekel [@TBroekel ] on "Technological complexity and economic growth of regions"

sciencedirect.com/science/articl…

Alessia Lo Turco & Daniela Maggioni on "The knowledge and skill content of production complexity"

sciencedirect.com/science/articl…

Sebastián Bustos and Muhammed Yildrim on "Production Ability and economic growth"

sciencedirect.com/science/articl…

Cristiano Antonelli, Francesco Crespi & Francesco Quatraro [@FranceQuatraro] on "Knowledge complexity and the mechanisms of knowledge generation and exploitation: The European evidence"
sciencedirect.com/science/articl…

Dany Bahar [@dany_bahar], Hillel Rapoport & Riccardo Turati on: "Does birthplace diversity affect economic complexity? Crosscountry Evidence"

cepii.fr/CEPII/en/publi…

Nico Pintar [@pintar_n] & Thomas Scherngell [@ThScherngell] on: "The complex nature of regional knowledge production: Evidence on European regions"

sciencedirect.com/science/articl…

Alberto Botta, Eugenio Caverzasi, and Alberto Russo on: "When complexity meets finance: A contribution to the study of the macroeconomic effects of complex financial systems"

sciencedirect.com/science/articl…

Alje van Dam [@AljevD] and Koen Frenken [@KFrenken] on: "Variety, complexity and economic development"

sciencedirect.com/science/articl…

Penny Mealy [@PennyMealy] & Alexander Teytelboym [@t8el] on "Economic complexity and the green economy"

sciencedirect.com/science/articl…

Giovanni Dosi, Nanditha Mathew & Emanuele Pugliese on "What a firm produces matters: Processes of diversification, coherence and performances of Indian manufacturing firms"

sciencedirect.com/science/articl…

Ricardo Hausmann, Daniel Stock & Muhammed Yildirim on: "Implied comparative advantage"

sciencedirect.com/science/articl…

Flávio Pinheiro [@flavio_lpp], Dominik Hartmann, Ron Boschma & César A.Hidalgo [@cesifoti] on: "The time and frequency of unrelated diversification"

sciencedirect.com/science/articl…