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Sovereign credit ratings summarize the creditworthiness of countries. These ratings have a large influence on the economy and the yields at which governments can issue new debt. This paper investigates the use of a Multilayer Perceptron…

Statistical Finance · Quantitative Finance 2021-07-16 Bart H. L. Overes , Michel van der Wel

The current work discusses how complex networks can be applied in order to aid economical development and stability at several scales and contexts. The following activities are involved: (a) compilation of several types of data related to…

Physics and Society · Physics 2007-05-23 Luciano da Fontoura Costa

In economic literature, economic complexity is typically approximated on the basis of an economy's gross export structure. However, in times of ever increasingly integrated global value chains, gross exports may convey an inaccurate image…

General Economics · Economics 2020-12-11 Philipp Koch

We follow the main stocks belonging to the New York Stock Exchange and to Nasdaq from 2003 to 2012, through years of normality and of crisis, and study the dynamics of networks built on two measures expressing relations between those…

Statistical Finance · Quantitative Finance 2014-09-02 Leonidas Sandoval Junior

We investigate the hierarchical structures of countries based on electricity consumption and economic growth by using the real amounts of their consumption over a certain time period. We use of electricity consumption data to detect the…

Statistical Finance · Quantitative Finance 2014-06-30 Ersin Kantar , Alper Aslan , Bayram Deviren , Mustafa Keskin

We consider a class of random, weighted networks, obtained through a redefinition of patterns in an Hopfield-like model and, by performing percolation processes, we get information about topology and resilience properties of the networks…

Statistical Mechanics · Physics 2015-05-30 Elena Agliari , Claudia Cioli , Enore Guadagnini

This paper presents a new approach for analysing structural properties of time series from complex systems. Starting from the concept of recurrences in phase space, the recurrence matrix of a time series is interpreted as the adjacency…

Chaotic Dynamics · Physics 2011-03-03 Reik V. Donner , Y. Zou , Jonathan F. Donges , Norbert Marwan , Juergen Kurths

Complex networks describe a wide range of systems in nature and society, much quoted examples including the cell, a network of chemicals linked by chemical reactions, or the Internet, a network of routers and computers connected by physical…

Statistical Mechanics · Physics 2016-08-31 Reka Albert , Albert-Laszlo Barabasi

By borrowing methods from complex system analysis, in this paper we analyze the features of the complex relationship that links the development and the industrialization of a country to economic inequality. In order to do this, we identify…

General Economics · Economics 2019-09-10 Angelica Sbardella , Emanuele Pugliese , Luciano Pietronero

Collusion is a complex phenomenon in which companies secretly collaborate to engage in fraudulent practices. This paper presents an innovative methodology for detecting and predicting collusion patterns in different national markets using…

Econometrics · Economics 2024-10-10 Lucas Gomes , Jannis Kueck , Mara Mattes , Martin Spindler , Alexey Zaytsev

We study complex networks under random matrix theory (RMT) framework. Using nearest-neighbor and next-nearest-neighbor spacing distributions we analyze the eigenvalues of adjacency matrix of various model networks, namely, random,…

Statistical Mechanics · Physics 2009-11-13 Sarika Jalan , Jayendra N. Bandyopadhyay

The United Nations is the major organization producing and regularly updating probabilistic population projections for all countries. International migration is a critical component of such projections, and between-country correlations are…

Applications · Statistics 2016-05-30 Jonathan J. Azose , Adrian E. Raftery

We construct a correlation matrix based financial network for a set of New York Stock Exchange (NYSE) traded stocks with stocks corresponding to nodes and the links between them added one after the other, according to the strength of the…

Physics and Society · Physics 2007-05-23 G. Tibely , J. -P. Onnela , J. Saramaki , K. Kaski , J. Kertesz

Financial markets are complex adaptive systems, and are commonly studied as complex networks. Most of such studies fall short in two respects: they do not account for non-linearity of the studied relationships, and they create one network…

Statistical Finance · Quantitative Finance 2014-10-01 Paweł Fiedor , Artur Hołda

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…

Physics and Society · Physics 2009-11-13 Giorgio Fagiolo , Javier Reyes , Stefano Schiavo

The problem of connectivity assessment in an asymmetric network represented by a weighted directed graph is investigated in this article. A power iteration algorithm in a centralized implementation is developed first to compute the…

Systems and Control · Electrical Eng. & Systems 2023-08-10 M. Mehdi Asadi , Mohammad Khosravi , Hesam Mosalli , Stephane Blouin , Amir G. Aghdam

Politicians world-wide frequently promise a better life for their citizens. We find that the probability that a country will increase its {\it per capita} GDP ({\it gdp}) rank within a decade follows an exponential distribution with decay…

General Finance · Quantitative Finance 2012-09-14 Boris Podobnik , Davor Horvatic , Dror Y. Kenett , H. Eugene Stanley

Percolation is an emblematic model to assess the robustness of interconnected systems when some of their components are corrupted. It is usually investigated in simple scenarios, such as the removal of the system's units in random order, or…

Statistical Mechanics · Physics 2021-05-03 Oriol Artime , Manlio De Domenico

Can one hear the 'sound' of a growing network? We address the problem of recognizing the topology of evolving biological or social networks. Starting from percolation theory, we analytically prove a linear inverse relationship between two…

Quantitative Methods · Quantitative Biology 2014-04-10 Ashish Bhan , Animesh Ray

We apply the recently developed reduced Google matrix algorithm for the analysis of the OECD-WTO world network of economic activities. This approach allows to determine interdependences and interactions of economy sectors of several…

Trading and Market Microstructure · Quantitative Finance 2020-12-15 Célestin Coquidé , José Lages , Dima L. Shepelyansky