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Despite global efforts to harmonize international trade statistics, our understanding of digital trade and its implications remains limited. Here, we introduce a method to estimate bilateral exports and imports for dozens of sectors…

General Economics · Economics 2024-07-25 Viktor Stojkoski , Philipp Koch , Eva Coll , Cesar A. Hidalgo

The global shipping network, which moves over 80% of the world's goods, is not only a vital backbone of the global economy but also one of the most polluting industries. Studying how this network operates is crucial for improving its…

The international trade network is a complex system where multiple trade blocs with varying sizes coexist and overlap with each other. However, the resulting structures of community detection in trade networks are often inconsistent and…

Physics and Society · Physics 2022-04-28 Wonguk Cho , Daekyung Lee , Beom Jun Kim

In economic and financial networks, the strength of each node has always an important economic meaning, such as the size of supply and demand, import and export, or financial exposure. Constructing null models of networks matching the…

General Finance · Quantitative Finance 2014-12-09 Rossana Mastrandrea , Tiziano Squartini , Giorgio Fagiolo , Diego Garlaschelli

The relationship between international trade and foreign direct investment (FDI) is one of the main features of globalization. In this paper we investigate the effects of FDI on trade from a network perspective, since FDI takes not only…

General Finance · Quantitative Finance 2017-11-02 Paolo Sgrignoli , Rodolfo Metulini , Zhen Zhu , Massimo Riccaboni

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

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…

General Finance · Quantitative Finance 2009-11-13 K. Bhattacharya , G. Mukherjee , J. Saramaki , K. Kaski , S. S. Manna

Our perceptions are shaped by the social networks we are embedded in. Despite the acknowledged influence of close contacts on how we perceive the world, the role of the broader social environment remains opaque. Here, we leverage a unique…

Physics and Society · Physics 2024-07-10 Yuliia Kazmina , Eelke M. Heemskerk , Eszter Bokányi , Frank W. Takes

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

Global trade of material goods involves the potential to create pathways for the spread of infectious pathogens. One trade sector in which this synergy is clearly critical is that of wildlife trade networks. This highly complex system…

Theoretical Economics · Economics 2025-04-10 John S. McAlister , Jesse L. Brunner , Danielle J. Galvin , Nina H. Fefferman

The Gravity Model is the workhorse for empirical studies in International Economies for its empirical power and it is commonly used in explaining the trade flow between countries; it relies on a function that relates the trade with the…

Applications · Statistics 2013-10-17 Rodolfo Metulini

This paper employs a weighted network approach to study the empirical properties of the web of trade relationships among world countries, and its evolution over time. We show that most countries are characterized by weak trade links; yet,…

Social and Information Networks · Computer Science 2018-03-21 Maddalena D'Anna , Alfredo Petrosino

Economic complexity reflects the amount of knowledge that is embedded in the productive structure of an economy. By combining tools from network science and econometrics, a robust and stable relationship between a country's productive…

Economics · Quantitative Finance 2016-11-22 Viktor Stojkoski , Zoran Utkovski , Ljupco Kocarev

The main research involving globalization nowadays is to describe the impact of globalization in their respective fields. However, globalization is a complex phenomenon across multiple sections. But as a concept in the social science, it…

Computers and Society · Computer Science 2018-12-27 Zilu Yu , Chen Chen , Dianbo Liu

In economic systems, the mix of products that countries make or export has been shown to be a strong leading indicator of economic growth. Hence, methods to characterize and predict the structure of the network connecting countries to the…

Physics and Society · Physics 2015-06-04 Sebastian Bustos , Charles Gomez , Ricardo Hausmann , Cesar A. Hidalgo

To achieve inclusive green growth, countries need to consider a multiplicity of economic, social, and environmental factors. These are often captured by metrics of economic complexity derived from the geography of trade, thus missing key…

General Economics · Economics 2024-07-25 Viktor Stojkoski , Philipp Koch , César A. Hidalgo

We study the impact of economic integration on agglomeration in a model where all consumers are inter-regionally mobile and have heterogeneous preferences regarding their residential location choices. This heterogeneity is the unique…

Theoretical Economics · Economics 2025-03-21 José M. Gaspar

Relatedness is a quantification of how much two human activities are similar in terms of the inputs and contexts needed for their development. Under the idea that it is easier to move between related activities than towards unrelated ones,…

Physics and Society · Physics 2021-03-11 Andrea Tacchella , Andrea Zaccaria , Marco Miccheli , Luciano Pietronero

Studies using massive, passively data collected from communication technologies have revealed many ubiquitous aspects of social networks, helping us understand and model social media, information diffusion, and organizational dynamics. More…

Physics and Society · Physics 2015-02-04 Jameson L. Toole , Carlos Herrera-Yague , Christian M. Schneider , Marta C. Gonzalez

It is commonly believed that patterns of social ties affect individuals' economic status. Here, we translate this concept into an operational definition at the network level, which allows us to infer the economic wellbeing of individuals…

Physics and Society · Physics 2017-05-24 Shaojun Luo , Flaviano Morone , Carlos Sarraute , Matías Travizano , Hernán A. Makse
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