{"title":"ECONOMIC COMPLEXITY AND INFORMATION SOCIETY PARADIGMS: A HYBRID CONTRIBUTION TO EXPLAIN ECONOMIC GROWTH","authors":"Javier Jurado-González, J. Gómez-Barroso","doi":"10.3846/tede.2022.17104","DOIUrl":null,"url":null,"abstract":"In the last decades, the Information Society (IS) paradigm has brought together various research lines related to the diffusion and adoption of Information and Communication Technologies (ICTs) and their contribution to economic, social and human development. On the other hand, other research lines have recently explored the phenomenon of Economic Complexity (EC), providing new metrics to quantify this decisive factor for the prediction of economic growth and other human relevant variables. This article explores these two trends with the construction of two composite indexes. Then, it evaluates their explanatory power to predict economic growth, first separately, and afterwards together. The results show they can predict economic growth and improve their predictive capacity by working combined. In the conclusions, some difficulties and challenges for the development of these metrics are analyzed.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"3 1","pages":""},"PeriodicalIF":4.8000,"publicationDate":"2022-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Technological and Economic Development of Economy","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.3846/tede.2022.17104","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
In the last decades, the Information Society (IS) paradigm has brought together various research lines related to the diffusion and adoption of Information and Communication Technologies (ICTs) and their contribution to economic, social and human development. On the other hand, other research lines have recently explored the phenomenon of Economic Complexity (EC), providing new metrics to quantify this decisive factor for the prediction of economic growth and other human relevant variables. This article explores these two trends with the construction of two composite indexes. Then, it evaluates their explanatory power to predict economic growth, first separately, and afterwards together. The results show they can predict economic growth and improve their predictive capacity by working combined. In the conclusions, some difficulties and challenges for the development of these metrics are analyzed.
期刊介绍:
Technological and Economic Development of Economy is a refereed journal that publishes original research and review articles and book reviews. The Journal is designed for publishing articles in the following fields of research:
systems for sustainable development,
policy on sustainable development,
legislation on sustainable development,
strategies, approaches and methods for sustainable development,
visions and scenarios for the future,
education for sustainable development,
institutional change and sustainable development,
health care and sustainable development,
alternative economic paradigms for sustainable development,
partnership in the field of sustainable development,
industry and sustainable development,
sustainable development challenges to business and management,
technological changes and sustainable development,
social aspects of sustainability,
economic dimensions of sustainability,
political dimensions of sustainability,
innovations,
life cycle design and assessment,
ethics and sustainability,
sustainable design and material selection,
assessment of environmental impact,
ecology and sustainability,
application case studies,
best practices,
decision making theory,
models of operations research,
theory and practice of operations research,
statistics,
optimization,
simulation.
All papers to be published in Technological and Economic Development of Economy are peer reviewed by two appointed experts. The Journal is published quarterly, in March, June, September and December.