Complexity and the economy
نویسنده
چکیده
After two centuries of studying equilibria-static patterns that call for no further behavioral adjustments-economists are beginning to study the general emergence of structures and the unfolding of patterns in the economy. When viewed in out-of-equilibrium formation, economic patterns sometimes simplify into the simple static equilibria of standard economics. More often they are ever changing, showing perpetually novel behavior and emergent phenomena. Complexity portrays the economy not as deterministic, predictable, and mechanistic, but as process dependent, organic, and always evolving.
منابع مشابه
The effect of knowledge based economic indicators on the countries' economic complexity
Countries’ economic growth and development are significantly dependent on their productive capacity. In this research, we aimed to investigate which components of a knowledge-based economy has a more meaningful role in the production capacity. In order to measure production capacity, we used one of the most up-to-date indexes, the economic complexity index. The research used data panel consist...
متن کاملThe Impact of the Economic Complexity Index on Competitiveness: A Study of Selected Emerging Countries
The main purpose of this study is to investigate the relationship between economic complexity and competitiveness using panel data in a sample of 39 emerging countries from 2002 to 2018. The results of the causality test of Dmitresco and Horlin Granger (2012) show a two-way cause between economic complexity and competitiveness. This indicates that the higher complexity of the economy helps coun...
متن کاملscience and technology diplomacy model based on the economic complexity
Background and Aim: The history of the evolution of human societies indicates the important and civilizing role of science and technology in the formation of economic, social, cultural, and political relations. Along with the increasing speed and development of science and technology, economic, social, cultural, and political concepts and approaches have also changed and played a more colorful ...
متن کاملEvaluation of urban management and political Scandinavian economy (case study: Sweden and Norway)
Study on international political economy of two countries, Sweden and Norway, in international interactions allows us to examine political economy of these two countries as the case study for further understanding of macro patterns of international political economy. Thus, understanding the power of influence of international developments in two economic and political areas in internal relatio...
متن کاملChoosing Development Path According to Priority Power: Determination of key sector for Iran economy
Resources’ scarcity, especially in developing countries, has caused allocation essentially among competing activities to create value. The importance of resource allocation would be more understood if we pay attention to growing complexity in societies and economic development problems they face. In the context of the national economic development literature, the notion of “Key or Critical Sect...
متن کاملModeling Factors Affecting Tax Evasion in Iran's Economy Based on the Bayesian averaging approach
This study seeks to model tax evasion and identify how effective factors affect tax evasion in the Iranian economy. Recent models show the failure of traditional models; Models do not have enough ability to model hidden variables such as tax evasion. The present study considers this failure in identifying explanatory variables and experimental model design. To achieve this, the Bayesian averagi...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- Science
دوره 284 5411 شماره
صفحات -
تاریخ انتشار 1999