Economic Degree Distribution


Economic Degree Distribution Degree distribution tries to capture the disparity between nodes that have a very high degree of connections and those that have a very low degree of connections.1 As such, it can be interpreted as a measurement of inequality; looking at how equal or unequal the distribution of connections is within the whole [...]

Economic Degree Distribution 2018-06-19T18:00:54+00:00

Economic Network Dynamics


Economic Network Dynamics Economic network dynamics is the study of how economic systems change over time through the analysis of the changes in their structure of connections; in particular how the network comes to form, strengthen and disintegrate over time.1 Today in advanced economies, how to develop networks is of great interest to many, both in [...]

Economic Network Dynamics 2018-06-19T18:01:06+00:00

Economic Network Structure


Economic Network Structure Economic network structure refers to the overall makeup or topology of an economic system's network of relations. Many parameters can be identified as affecting this structure such as the overall degree of connectivity, the number of nodes, the average path length, the systems diameter etc. Primary among these parameters is network density. Network [...]

Economic Network Structure 2018-06-19T18:01:15+00:00

Economic Network Theory


Economic Network Theory Economic network theory is an emerging field of research that applies models from network science to the analysis and interpretation of economic phenomina.1 Economic network analysis can be seen as a response to the rise of networked organizations over the past few decades, given the proliferation of information technology and globalization. The work [...]

Economic Network Theory 2018-06-19T18:01:27+00:00

Evolutionary Economics


Evolutionary Economics Evolutionary economics is a paradigm of economic development that is focused on the internal dynamics through which a macro economy generates novel phenomena and changes over time without the guidance of some centralized regulatory mechanism. Within this paradigm, evolution is seen as ultimately a search mechanism; the means through which a complex adaptive [...]

Evolutionary Economics 2018-06-19T18:01:40+00:00

Economic Fitness Landscape


Economic Fitness Landscape A fitness landscape - also called an adaptive landscape - is a three-dimensional state space used to describe the environment within which adaptive agents operate. It is an important approach used for modeling complex adaptive systems of all kind.1 An economic fitness landscape is this type of model applied to understanding and interpreting [...]

Economic Fitness Landscape 2018-06-19T18:01:50+00:00

Economic Resilience


Economic Resilience Economic resilience is the capacity for an economic organization to recover from, adjust to, or maintain functionality in the face of negative internal or external impacts.1 The idea of economic and financial resilience has become a hot topic since the recent financial crisis. Research into the network analysis of financial systems has since shown [...]

Economic Resilience 2018-06-19T18:02:05+00:00

Economic Regulatory Systems


Economic Regulatory Systems An economic regulatory system is an approach to managing or regulating an economy. In this article, we discuss the differences between the two fundamentally different approaches to economic management, that of the centralized linear regulatory model and that of distributed nonlinear regulatory systems. We firstly talk about the key components to a [...]

Economic Regulatory Systems 2018-06-19T18:02:15+00:00

Economic Self-Organization


Economic Self-Organization Self-organization is the emergence of a globally coherent pattern of organization out of the local interactions between initially independent components.1 Self-organization is a dynamic process through which patterns of organization emerge out of local level nonlinear interactions. This process can be understood in terms of a number of stages and prerequisites to the process, [...]

Economic Self-Organization 2018-06-19T18:02:27+00:00

Nonlinear Economic Dynamics


Nonlinear Economic Dynamics Processes of economic development may be defined as being linear or nonlinear. Linear processes of development are characterized by balancing forces where the economy develops in an incremental fashion. Nonlinear processes of change are driven by destabilizing or compounding positive feedback loops that result in rapid processes of change as the economy [...]

Nonlinear Economic Dynamics 2018-06-19T18:02:37+00:00