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The Observatory Of Economic Complexity
The Observatory of Economic Complexity (OEC) is a data visualization site for international trade data created by the Macro Connections group at the MIT Media Lab. The goal of the observatory is to distribute international trade data in a visual form. At present the observatory serves more than 20 million interactive visualizations, connecting hundreds of countries to their export destinations and to the products that they trade. Source data The Observatory of Economic Complexity combines a number of international trade data sets, including data from Feenstra, Lipset, Deng, Ma, and Mo's ''World Trade Flows: 1962-2000'' dataset, cleaned and made compatible through a National Bureau of Economic Research (NBER) project and HS4 aggregated from the HS6 classification cleaned by the BACI team at Centre d'Etudes Prospectives et d'Informations Internationales (CEPII). The dataset contains exports and imports both by country of origin and by destination. Products are disaggregated accor ...
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OEC Homepage
OEC may refer to: Finance * The Observatory of Economic Complexity, a data visualization site * Ordre des Experts-Comptables, French association of chartered accountants Transportation * Orion Expedition Cruises, Australian based luxury expedition cruise line * Otis Elevator Company, an American company that manufactures vertical transportation systems * Osborn Engineering Company, known as OEC, an historic British former manufacturer of motorcycles Other * Offshore Energy Center, sponsor of the Ocean Star Offshore Drilling Rig & Museum in Galveston, Texas, United States * Old Earth creationism, a term for several types of creationism * Olfactory ensheathing cells, a type of glial cell found in the nervous system * Oregon Environmental Council, an American environmental organization * Orissa Engineering College, a technical institution in Bhubaneswar, Orissa, India * Outdoor Emergency Care, a course for certification of first aid in non-urban situations * Oxford English Co ...
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Maps
A map is a symbolic depiction emphasizing relationships between elements of some space, such as objects, regions, or themes. Many maps are static, fixed to paper or some other durable medium, while others are dynamic or interactive. Although most commonly used to depict geography, maps may represent any space, real or fictional, without regard to context or scale, such as in brain mapping, DNA mapping, or computer network topology mapping. The space being mapped may be two dimensional, such as the surface of the earth, three dimensional, such as the interior of the earth, or even more abstract spaces of any dimension, such as arise in modeling phenomena having many independent variables. Although the earliest maps known are of the heavens, geographic maps of territory have a very long tradition and exist from ancient times. The word "map" comes from the , wherein ''mappa'' meant 'napkin' or 'cloth' and ''mundi'' 'the world'. Thus, "map" became a shortened term referring to ...
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International Trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states factors like currency, government policies, economy, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the World Trade Org ...
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List Of Countries By Economic Complexity
This list orders countries by their economic complexity index (ECI), as it was defined and calculated by Cesar A. Hidalgo and Ricardo Hausmann. Country rankings Factors affecting differences between countries As an illustration, we can observe the differences between Egypt and Thailand in ECI ranking between the years of 1995 and 2015, let us use the below figures as an example: *Difference in 1995: 0.71 ECI points for Thailand *Difference in 2015: 1.28824 ECI points for Thailand *Increase for Egypt 1995-2015: 0.18037 ECI Points *Increase for Thailand 1995-2015: 0.7575 ECI Points When we dig deeper into the export data of both countries, we can deduce that the differences were mainly in the composition of their relative export baskets. The more countries direct their efforts to more sophisticated products, the more it is reflected in the ECI score, and hence their potential economic growth. For example, from 1995-2015, Thailand appears to have phased away from largel ...
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Complexity Economics
Complexity economics is the application of complexity science to the problems of economics. It sees the economy not as a system in equilibrium, but as one in motion, perpetually constructing itself anew.Beinhocker, Eric D. The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics. Boston, Massachusetts: Harvard Business School Press, 2006. It uses computational and mathematical analysis to explore how economic structure is formed and reformed, in continuous interaction with the adaptive behavior of the 'agents' in the economy. Models The "nearly archetypal example" is an artificial stock market model created by the Santa Fe Institute in 1989. The model shows two different outcomes, one where "agents do not search much for predictors and there is convergence on a homogeneous rational expectations outcome" and another where "all kinds of technical trading strategies appearing and remaining and periods of bubbles and crashes occurring". Another area h ...
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DataViva
DataViva is an information visualization engine created by the Strategic Priorities Office of the government of Minas Gerais. DataViva makes official data about exports, industries, locations and occupations available for the entirety of Brazil through eight apps and more than 100 million possible visualizations. The first set of datum – also available at ALICEWEB – is provided by MDIC (Ministry of Development, Industry and Foreign Trade) / SECEX (Secretariat of Foreign Trade), an official institution of the Government of Brazil and shows foreign trade statistics for all exporting municipalities in the country. The other database, provided by Ministério do Trabalho e Emprego (MTE – Ministry of Labor and Employment), shows information about all the industries and occupations in Brazil (RAIS – Annual Social Information Report).PESSOA, Rafael Marques; FREITAS, Elton Eduardo; BORGES, Thiago BernardDataviva: Plataforma de Visualização de Dados Públicos Socioeconôm ...
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JavaScript
JavaScript (), often abbreviated as JS, is a programming language that is one of the core technologies of the World Wide Web, alongside HTML and CSS. As of 2022, 98% of websites use JavaScript on the client side for webpage behavior, often incorporating third-party libraries. All major web browsers have a dedicated JavaScript engine to execute the code on users' devices. JavaScript is a high-level, often just-in-time compiled language that conforms to the ECMAScript standard. It has dynamic typing, prototype-based object-orientation, and first-class functions. It is multi-paradigm, supporting event-driven, functional, and imperative programming styles. It has application programming interfaces (APIs) for working with text, dates, regular expressions, standard data structures, and the Document Object Model (DOM). The ECMAScript standard does not include any input/output (I/O), such as networking, storage, or graphics facilities. In practice, the web bro ...
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GitHub
GitHub, Inc. () is an Internet hosting service for software development and version control using Git. It provides the distributed version control of Git plus access control, bug tracking, software feature requests, task management, continuous integration, and wikis for every project. Headquartered in California, it has been a subsidiary of Microsoft since 2018. It is commonly used to host open source software development projects. As of June 2022, GitHub reported having over 83 million developers and more than 200 million repositories, including at least 28 million public repositories. It is the largest source code host . History GitHub.com Development of the GitHub.com platform began on October 19, 2007. The site was launched in April 2008 by Tom Preston-Werner, Chris Wanstrath, P. J. Hyett and Scott Chacon after it had been made available for a few months prior as a beta release. GitHub has an annual keynote called GitHub Universe. Or ...
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Data Visualization
Data and information visualization (data viz or info viz) is an interdisciplinary field that deals with the graphic representation of data and information. It is a particularly efficient way of communicating when the data or information is numerous as for example a time series. It is also the study of visual representations of abstract data to reinforce human cognition. The abstract data include both numerical and non-numerical data, such as text and geographic information. It is related to infographics and scientific visualization. One distinction is that it's information visualization when the spatial representation (e.g., the page layout of a graphic design) is chosen, whereas it's scientific visualization when the spatial representation is given. From an academic point of view, this representation can be considered as a mapping between the original data (usually numerical) and graphic elements (for example, lines or points in a chart). The mapping determines how th ...
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