On the Topological Properties of the World Trade Web: A Weighted Network Analysis
General Finance
2009-11-13 v1 Physics and Society
Abstract
This paper studies the topological properties of the World Trade Web (WTW) and its evolution over time by employing a weighted network analysis. We show that the WTW, viewed as a weighted network, displays statistical features that are very different from those obtained by using a traditional binary-network approach. In particular, we find that: (i) the majority of existing links are associated to weak trade relationships; (ii) the weighted WTW is only weakly disassortative; (iii) countries holding more intense trade relationships are more clustered.
Keywords
Cite
@article{arxiv.0708.4359,
title = {On the Topological Properties of the World Trade Web: A Weighted Network Analysis},
author = {Giorgio Fagiolo and Javier Reyes and Stefano Schiavo},
journal= {arXiv preprint arXiv:0708.4359},
year = {2009}
}
Comments
To be submitted to APFA 6 Proceedings. 8 pages, 10 figures