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One major hurdle in the road toward a low carbon economy is the present entanglement of developed economies with oil. This tight relationship is mirrored in the correlation between most of economic indicators with oil price. This paper…

Physics and Society · Physics 2015-09-29 Franco Ruzzenenti , Francesco Picciolo , Andreas Papandreou

Theory of complex networks proved successful in the description of a variety of static networks ranging from biology to computer and social sciences and to economics and finance. Here we use network models to describe the evolution of a…

Physics and Society · Physics 2014-08-25 Zhen Zhu , Federica Cerina , Alessandro Chessa , Guido Caldarelli , Massimo Riccaboni

Critical for policy-making and business operations, the study of global supply chains has been severely hampered by a lack of detailed data. Here we harness international firm-level transaction data covering 20m global firms, and 1 billion…

General Economics · Economics 2025-11-24 Neave O'Clery , Ben Radcliffe-Brown , Thomas Spencer , Daniel Tarling-Hunter

In recent decades, trade between nations has constituted an important component of global Gross Domestic Product (GDP), with official estimates showing that it likely accounted for a quarter of total global production. While evidence of…

General Economics · Economics 2022-11-24 Mayank Kejriwal , Yuesheng Luo

The topology of many real complex networks has been conjectured to be embedded in hidden metric spaces, where distances between nodes encode their likelihood of being connected. Besides of providing a natural geometrical interpretation of…

Physics and Society · Physics 2017-01-23 Antoine Allard , M. Ángeles Serrano , Guillermo García-Pérez , Marián Boguñá

We review the main tools which allow for the statistical characterization of weighted networks. We then present two case studies, the airline connection network and the scientific collaboration network, which are representative of critical…

Statistical Mechanics · Physics 2009-11-10 Marc Barthelemy , Alain Barrat , Romualdo Pastor-Satorras , Alessandro Vespignani

In self-organizing networks, topology and dynamics coevolve in a continuous feedback, without exogenous driving. The World Trade Network (WTN) is one of the few empirically well documented examples of self-organizing networks: its topology…

Physics and Society · Physics 2014-01-14 Tiziano Squartini , Diego Garlaschelli

Ecological systems have a high level of complexity combined with stability and rich biodiversity. Recently, the analysis of their properties and evolution has been pushed forward on a basis of concept of mutualistic networks that provides a…

General Finance · Quantitative Finance 2015-03-13 Leonardo Ermann , Dima L. Shepelyansky

In real networks complex topological features are often associated with a diversity of interactions as measured by the weights of the links. Moreover, spatial constraints may as well play an important role, resulting in a complex interplay…

Physics and Society · Physics 2014-11-18 Luca Dall'Asta , Alain Barrat , Marc Barthelemy , Alessandro Vespignani

Using the United Nations Commodity Trade Statistics Database [http://comtrade.un.org/db/] we construct the Google matrix of the world trade network and analyze its properties for various trade commodities for all countries and all available…

General Finance · Quantitative Finance 2012-02-14 Leonardo Ermann , Dima L. Shepelyansky

This paper explores the relationships between migration and trade using a complex-network approach. We show that: (i) both weighted and binary versions of the networks of international migration and trade are strongly correlated; (ii) such…

Physics and Society · Physics 2013-09-24 Giorgio Fagiolo , Marina Mastrorillo

This study investigates the inherently random structures of dry bulk shipping networks, often likened to a taxi service, and identifies the underlying trade dynamics that contribute to this randomness within individual cargo sub-networks.…

Mathematical Finance · Quantitative Finance 2025-02-04 Yan Li , Carol Alexander , Michael Coulon , Istvan Kiss

As the global population and the per capita demand for resource intensive diets continues to grow, the corresponding increase in food demand challenges the global food system, enhancing its reliance on trade. Most previous research…

General Economics · Economics 2024-12-09 Xiaopeng Wang , Chengyi Tu , Shuhao Chen , Sicheng Wang , Ying Fan , Samir Suweis , Paolo D'Odorico

In this paper we develop a methodology to analyze and compare multiple global networks. We focus our analysis on the relation between human migration and trade. First, we identify the subset of products for which the presence of a community…

Physics and Society · Physics 2015-02-24 Paolo Sgrignoli , Rodolfo Metulini , Stefano Schiavo , Massimo Riccaboni

This study examines patterns of regionalisation in the International Trade Network (ITN). The study makes use of Gould Fernandez brokerage to examine the roles countries play in the ITN linking different regional partitions. An examination…

General Economics · Economics 2021-12-21 Matthew Smith , Yasaman Sarabi

Much of the analysis of economic growth has focused on the study of aggregate output. Here, we deviate from this tradition and look instead at the structure of output embodied in the network connecting countries to the products that they…

General Finance · Quantitative Finance 2012-03-02 Ricardo Hausmann , Cesar A. Hidalgo

We study the structure of the international trade hypergraph consisting of triangular hyperedges representing the exporter-importer-product relationship. Measuring the mean hyperdegree of the adjacent vertices, we first find its behaviors…

Physics and Society · Physics 2022-10-14 Sudo Yi , Deok-Sun Lee

The \emph{World Trade Web} (WTW), the network defined by the international import/export trade relationships, has been recently shown to display some important topological properties which are tightly related to the Gross Domestic Product…

Physics and Society · Physics 2009-02-06 D. Garlaschelli , M. I. Loffredo

International Trade (IT) plays a fundamental role in today's economy: by connecting world countries production and consumption processes, it radically contributes in shaping their economy and development path. Although its evolving…

Physics and Society · Physics 2015-02-24 Paolo Sgrignoli

International trade is based on a set of complex relationships between different countries that can be modelled as an extremely dense network of interconnected agents. On the one hand, this network might favour the economic growth of…

General Economics · Economics 2024-04-08 Roberto Antonietti , Paolo Falbo , Fulvio Fontini , Rosanna Grassi , Giorgio Rizzini