The complex dynamics of products and its asymptotic properties.
We analyse global export data within the Economic Complexity framework. We couple the new economic dimension Complexity, which captures how sophisticated products are, with an index called logPRODY, a measure of the income of the respective exporters. Products' aggregate motion is treated as a...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2017-01-01
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| Series: | PLoS ONE |
| Online Access: | http://europepmc.org/articles/PMC5435184?pdf=render |
| _version_ | 1819070084160684032 |
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| author | Orazio Angelini Matthieu Cristelli Andrea Zaccaria Luciano Pietronero |
| author_facet | Orazio Angelini Matthieu Cristelli Andrea Zaccaria Luciano Pietronero |
| author_sort | Orazio Angelini |
| collection | DOAJ |
| description | We analyse global export data within the Economic Complexity framework. We couple the new economic dimension Complexity, which captures how sophisticated products are, with an index called logPRODY, a measure of the income of the respective exporters. Products' aggregate motion is treated as a 2-dimensional dynamical system in the Complexity-logPRODY plane. We find that this motion can be explained by a quantitative model involving the competition on the markets, that can be mapped as a scalar field on the Complexity-logPRODY plane and acts in a way akin to a potential. This explains the movement of products towards areas of the plane in which the competition is higher. We analyse market composition in more detail, finding that for most products it tends, over time, to a characteristic configuration, which depends on the Complexity of the products. This market configuration, which we called asymptotic, is characterized by higher levels of competition. |
| first_indexed | 2024-12-21T17:00:18Z |
| format | Article |
| id | doaj.art-3dd0a8d493b84a8dbe21b0d23c46f594 |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-12-21T17:00:18Z |
| publishDate | 2017-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-3dd0a8d493b84a8dbe21b0d23c46f5942022-12-21T18:56:39ZengPublic Library of Science (PLoS)PLoS ONE1932-62032017-01-01125e017736010.1371/journal.pone.0177360The complex dynamics of products and its asymptotic properties.Orazio AngeliniMatthieu CristelliAndrea ZaccariaLuciano PietroneroWe analyse global export data within the Economic Complexity framework. We couple the new economic dimension Complexity, which captures how sophisticated products are, with an index called logPRODY, a measure of the income of the respective exporters. Products' aggregate motion is treated as a 2-dimensional dynamical system in the Complexity-logPRODY plane. We find that this motion can be explained by a quantitative model involving the competition on the markets, that can be mapped as a scalar field on the Complexity-logPRODY plane and acts in a way akin to a potential. This explains the movement of products towards areas of the plane in which the competition is higher. We analyse market composition in more detail, finding that for most products it tends, over time, to a characteristic configuration, which depends on the Complexity of the products. This market configuration, which we called asymptotic, is characterized by higher levels of competition.http://europepmc.org/articles/PMC5435184?pdf=render |
| spellingShingle | Orazio Angelini Matthieu Cristelli Andrea Zaccaria Luciano Pietronero The complex dynamics of products and its asymptotic properties. PLoS ONE |
| title | The complex dynamics of products and its asymptotic properties. |
| title_full | The complex dynamics of products and its asymptotic properties. |
| title_fullStr | The complex dynamics of products and its asymptotic properties. |
| title_full_unstemmed | The complex dynamics of products and its asymptotic properties. |
| title_short | The complex dynamics of products and its asymptotic properties. |
| title_sort | complex dynamics of products and its asymptotic properties |
| url | http://europepmc.org/articles/PMC5435184?pdf=render |
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