4 research outputs found
The World-Trade Web: Topological Properties, Dynamics, and Evolution
This paper studies the statistical properties of the web of import-export
relationships among world countries using a weighted-network approach. We
analyze how the distributions of the most important network statistics
measuring connectivity, assortativity, clustering and centrality have
co-evolved over time. We show that all node-statistic distributions and their
correlation structure have remained surprisingly stable in the last 20 years --
and are likely to do so in the future. Conversely, the distribution of
(positive) link weights is slowly moving from a log-normal density towards a
power law. We also characterize the autoregressive properties of
network-statistics dynamics. We find that network-statistics growth rates are
well-proxied by fat-tailed densities like the Laplace or the asymmetric
exponential-power. Finally, we find that all our results are reasonably robust
to a few alternative, economically-meaningful, weighting schemes.Comment: 44 pages, 39 eps figure
The International Trade Network: weighted network analysis and modelling
Tools of the theory of critical phenomena, namely the scaling analysis and
universality, are argued to be applicable to large complex web-like network
structures. Using a detailed analysis of the real data of the International
Trade Network we argue that the scaled link weight distribution has an
approximate log-normal distribution which remains robust over a period of 53
years. Another universal feature is observed in the power-law growth of the
trade strength with gross domestic product, the exponent being similar for all
countries. Using the 'rich-club' coefficient measure of the weighted networks
it has been shown that the size of the rich-club controlling half of the
world's trade is actually shrinking. While the gravity law is known to describe
well the social interactions in the static networks of population migration,
international trade, etc, here for the first time we studied a non-conservative
dynamical model based on the gravity law which excellently reproduced many
empirical features of the ITN.Comment: 5 pages, 5 figure
The evolution of the world trade web: a weighted-network analysis
Networks, World trade web, International trade , Weighted network analysis, Integration, Globalization, F10, D85,