Using physics to make better GDP estimates
Tuesday, July 31, 2018 - 08:40
in Physics & Chemistry
A team of Italian physicists has used economic complexity theory to produce five-year gross domestic product (GDP) estimates for several countries around the world. In their paper published in the journal Nature Physics, Andrea Tacchella, D. Mazzilli and Luciano Pietronero describe how they applied the theory to economic forecasting and how well it has worked thus far.