568 citations · 1.3k across the 14 of their papers we have counts for
14 papers
Machine-learned patterns suggest that diversification drives economic development
Charles D. Brummitt, Andres Gomez-Lievano, Ricardo Hausmann +1
We develop a machine-learning-based method, Principal Smooth-Dynamics Analysis (PriSDA), to identify patterns in economic development and to automate the development of new theory…
Contagious disruptions and complexity traps in economic development
Charles D. Brummitt, Kenan Huremovic, Paolo Pin +2
Poor economies not only produce less; they typically produce things that involve fewer inputs and fewer intermediate steps. Yet the supply chains of poor countries face more freque…
Cascades in multiplex financial networks with debts of different seniority
Charles D. Brummitt, Teruyoshi Kobayashi
The seniority of debt, which determines the order in which a bankrupt institution repays its debts, is an important and sometimes contentious feature of financial crises, yet its i…
Coupled catastrophes: sudden shifts cascade and hop among interdependent systems
Charles D. Brummitt, George Barnett, Raissa M. D'Souza
An important challenge in several disciplines is to understand how sudden changes can propagate among coupled systems. Examples include the synchronization of business cycles, popu…
Inside Money, Procyclical Leverage, and Banking Catastrophes
Charles D. Brummitt, Rajiv Sethi, Duncan J. Watts
We explore a model of the interaction between banks and outside investors in which the ability of banks to issue inside money (short-term liabilities believed to be convertible int…
Threshold cascades with response heterogeneity in multiplex networks
Kyu-Min Lee, Charles D. Brummitt, K. -I. Goh
Threshold cascade models have been used to describe spread of behavior in social networks and cascades of default in financial networks. In some cases, these networks may have mult…