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arxiv: 1709.05272 · v1 · pith:7KPU5HDQnew · submitted 2017-09-15 · 💰 econ.GN · q-fin.EC

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

classification 💰 econ.GN q-fin.EC
keywords algorithmtheyalgorithmscomplexityeconomicfitnessanalysisbest
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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.

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Reviewed papers in the Pith corpus that reference this work. Sorted by Pith novelty score.

  1. Economic complexity at subnational level: A consistency analysis

    econ.GN 2026-06 unverdicted novelty 4.0

    Subnational applications of economic complexity measures are inconsistent across scales, while a new exogenous measure provides consistent estimates aligned with standard economic indicators.