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Economic Complexity: "Buttarla in caciara" vs a constructive approach

Author

Listed:
  • Luciano Pietronero
  • Matthieu Cristelli
  • Andrea Gabrielli
  • Dario Mazzilli
  • Emanuele Pugliese
  • Andrea Tacchella
  • Andrea Zaccaria

Abstract

This note is a contribution to the debate about the optimal algorithm for Economic Complexity that recently appeared on ArXiv [1, 2] . The authors of [2] eventually agree that the ECI+ algorithm [1] consists just in a renaming of the Fitness algorithm we introduced in 2012, as we explicitly showed in [3]. However, they omit any comment on the fact that their extensive numerical tests claimed to demonstrate that the same algorithm works well if they name it ECI+, but not if its name is Fitness. They should realize that this eliminates any credibility to their numerical methods and therefore also to their new analysis, in which they consider many algorithms [2]. Since by their own admission the best algorithm is the Fitness one, their new claim became that the search for the best algorithm is pointless and all algorithms are alike. This is exactly the opposite of what they claimed a few days ago and it does not deserve much comments. After these clarifications we also present a constructive analysis of the status of Economic Complexity, its algorithms, its successes and its perspectives. For us the discussion closes here, we will not reply to further comments.

Suggested Citation

  • Luciano Pietronero & Matthieu Cristelli & Andrea Gabrielli & Dario Mazzilli & Emanuele Pugliese & Andrea Tacchella & Andrea Zaccaria, 2017. "Economic Complexity: "Buttarla in caciara" vs a constructive approach," Papers 1709.05272, arXiv.org.
    • Handle: RePEc:arx:papers:1709.05272
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    References listed on IDEAS

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    1. Emanuele Pugliese & Guido L Chiarotti & Andrea Zaccaria & Luciano Pietronero, 2017. "Complex Economies Have a Lateral Escape from the Poverty Trap," PLOS ONE, Public Library of Science, vol. 12(1), pages 1-18, January.
    2. Andrea Gabrielli & Matthieu Cristelli & Dario Mazzilli & Andrea Tacchella & Andrea Zaccaria & Luciano Pietronero, 2017. "Why we like the ECI+ algorithm," Papers 1708.01161, arXiv.org.
    3. Cesar A. Hidalgo & Ricardo Hausmann, 2009. "The Building Blocks of Economic Complexity," Papers 0909.3890, arXiv.org.
    4. Saleh Albeaik & Mary Kaltenberg & Mansour Alsaleh & Cesar A. Hidalgo, 2017. "Improving the Economic Complexity Index," Papers 1707.05826, arXiv.org, revised Jul 2017.
    5. Matthieu Cristelli & Andrea Gabrielli & Andrea Tacchella & Guido Caldarelli & Luciano Pietronero, 2013. "Measuring the Intangibles: A Metrics for the Economic Complexity of Countries and Products," PLOS ONE, Public Library of Science, vol. 8(8), pages 1-20, August.
    6. Lant Pritchett & Lawrence H. Summers, 2013. "Asia-phoria meet regression to the mean," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 1-35.
    7. Cimini, Giulio & Zaccaria, Andrea & Gabrielli, Andrea, 2016. "Investigating the interplay between fundamentals of national research systems: Performance, investments and international collaborations," Journal of Informetrics, Elsevier, vol. 10(1), pages 200-211.
    8. Emanuele Pugliese & Giulio Cimini & Aurelio Patelli & Andrea Zaccaria & Luciano Pietronero & Andrea Gabrielli, 2017. "Unfolding the innovation system for the development of countries: co-evolution of Science, Technology and Production," Papers 1707.05146, arXiv.org, revised Dec 2017.
    9. Matthieu Cristelli & Andrea Tacchella & Luciano Pietronero, 2015. "The Heterogeneous Dynamics of Economic Complexity," PLOS ONE, Public Library of Science, vol. 10(2), pages 1-15, February.
    10. Gaulier, Guillaume & Zignago, Soledad, 2004. "Notes on BACI (analytical database of international trade). 1989-2002 version," MPRA Paper 32401, University Library of Munich, Germany.
    11. Saleh Albeaik & Mary Kaltenberg & Mansour Alsaleh & C'esar A. Hidalgo, 2017. "729 new measures of economic complexity (Addendum to Improving the Economic Complexity Index)," Papers 1708.04107, arXiv.org.
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    Citations

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    Cited by:

    1. Freire, Clovis, 2019. "Economic diversification: A model of structural economic dynamics and endogenous technological change," Structural Change and Economic Dynamics, Elsevier, vol. 49(C), pages 13-28.
    2. Luciano Pietronero & Andrea Gabrielli & Andrea Zaccaria, 2019. "Economic Complexity: why we like "Complexity weighted diversification"," Papers 1912.10955, arXiv.org.
    3. Bernardo Caldarola & Dario Mazzilli & Lorenzo Napolitano & Aurelio Patelli & Angelica Sbardella, 2023. "Economic complexity and the sustainability transition: A review of data, methods, and literature," Papers 2308.07172, arXiv.org, revised Mar 2024.
    4. Benedikt S. L. Fritz & Robert A. Manduca, 2019. "The Economic Complexity of US Metropolitan Areas," Papers 1901.08112, arXiv.org.
    5. Fritz, Benedikt & Manduca, Robert, 2021. "The Economic Complexity of US Metropolitan Areas," SocArXiv 2gw9c, Center for Open Science.
    6. Aurelio Patelli & Andrea Zaccaria & Luciano Pietronero, 2021. "Universal Database for Economic Complexity," Papers 2110.00302, arXiv.org.
    7. Ted H. Chu & Marshall L. Stocker & Brandon J. Tan, 2021. "Economic fitness: How equity market returns reflect the realization of economic growth potential," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 1550-1562, January.
    8. Angelica Sbardella & Andrea Zaccaria & Luciano Pietronero & Pasquale Scaramozzino, 2021. "Behind the Italian Regional Divide: An Economic Fitness and Complexity Perspective," LEM Papers Series 2021/30, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.

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