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A proposal for measuring the structure of economic ecosystems: a mathematical and complex network analysis approach

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  • M. S. Tedesco
  • M. A. Nunez-Ochoa
  • F. Ramos
  • O. Medrano
  • K Beuchot

Abstract

The benefits of using complex network analysis (CNA) to study complex systems, such as an economy, have become increasingly evident in recent years. However, the lack of a single comparative index that encompasses the overall wellness of a structure can hinder the simultaneous analysis of multiple ecosystems. A formula to evaluate the structure of an economic ecosystem is proposed here, implementing a mathematical approach based on CNA metrics to construct a comparative measure that reflects the collaboration dynamics and its resultant structure. This measure provides the relevant actors with an enhanced sense of the social dynamics of an economic ecosystem, whether related to business, innovation, or entrepreneurship. Available graph metrics were analysed, and 14 different formulas were developed. The efficiency of these formulas was evaluated on real networks from 11 different innovation-driven entrepreneurial economic ecosystems in six countries from Latin America and Europe and on 800 random graphs simulating similarly constructed networks.

Suggested Citation

  • M. S. Tedesco & M. A. Nunez-Ochoa & F. Ramos & O. Medrano & K Beuchot, 2022. "A proposal for measuring the structure of economic ecosystems: a mathematical and complex network analysis approach," Papers 2207.04346, arXiv.org.
    • Handle: RePEc:arx:papers:2207.04346
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    1. Michael Woodford, 2009. "Convergence in Macroeconomics: Elements of the New Synthesis," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(1), pages 267-279, January.
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    1. Marcelo S. Tedesco & Francisco Javier Ramos Soria, 2023. "Grassroots Innovation Actors: Their Role and Positioning in Economic Ecosystems -- A Comparative Study Through Complex Network Analysis," Papers 2401.06163, arXiv.org, revised Jan 2024.

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