Transformational complexity, systemic complexity and economic development
In a newly published paper in Research Policy Fulvio Castellacci together with José Miguel Natera develop two new notions of economic complexity.
The new notions are transformational complexity (TC) and systemic complexity (SC).
TC denotes a country's pace of structural transformations over time. SC represents a country's overall number of causal relationships that link together its main development factors.
Read more about the paper here: Transformational complexity, systemic complexity and economic development - ScienceDirect