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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

In the study of economic networks, econometric approaches interpret the traditional Gravity Model specification as the expected link weight coming from a probability distribution whose functional form can be chosen arbitrarily, while…

Physics and Society · Physics 2024-05-15 Marzio Di Vece , Diego Garlaschelli , Tiziano Squartini

For the interacting urn model with polynomial reinforcement, it has been conjectured that almost surely one color monopolizes all the urns if the interaction parameter $p>0$. We disprove the conjecture. For the case $p=1$, we give a…

Probability · Mathematics 2024-10-08 Shuo Qin

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

Sufficient conditions are developed for a class of generalized Polya urn schemes ensuring exchangeability. The extended class includes the Blackwell-MacQueen Polya urn and the urn schemes for the two-parameter Poisson-Dirichlet process and…

Probability · Mathematics 2007-05-23 Hemant Ishwaran , Mahmoud Zarepour

We address the problem of gauging the influence exerted by a given country on the global trade market from the viewpoint of complex networks. In particular, we apply the PWP method for computing indirect influences on the world trade…

Social and Information Networks · Computer Science 2015-04-30 Rafael Diaz , Laura Gomez

In this paper we analyze the bipartite network of countries and products from UN data on country production. We define the country-country and product-product projected networks and introduce a novel method of filtering information based on…

Achieving international food security requires improved understanding of how international trade networks connect countries around the world through the import-export flows of food commodities. The properties of food trade networks are…

General Finance · Quantitative Finance 2017-11-20 Sofia Torreggiani , Giuseppe Mangioni , Michael J. Puma , Giorgio Fagiolo

In this paper, we investigate the statistical features of the weighted international-trade network. By finding the maximum weight spanning trees for this network we make the extraction of the truly relevant connections forming the network's…

Physics and Society · Physics 2023-07-19 Patryk Skowron , Mariusz Karpiarz , Agata Fronczak , Piotr Fronczak

We study the topological properties of the multinetwork of commodity-specific trade relations among world countries over the 1992-2003 period, comparing them with those of the aggregate-trade network, known in the literature as the…

General Finance · Quantitative Finance 2010-06-22 Matteo Barigozzi , Giorgio Fagiolo , Diego Garlaschelli

This paper presents a novel methodology for predicting international bilateral trade flows, emphasizing the growing importance of Preferential Trade Agreements (PTAs) in the global trade landscape. Acknowledging the limitations of…

Statistical Finance · Quantitative Finance 2024-07-19 Zijie Pan , Stepan Gordeev , Jiahui Zhao , Ziyi Meng , Caiwen Ding , Sandro Steinbach , Dongjin Song

Innovation is the driving force of human progress. Recent urn models reproduce well the dynamics through which the discovery of a novelty may trigger further ones, in an expanding space of opportunities, but neglect the effects of social…

Physics and Society · Physics 2020-12-14 Iacopo Iacopini , Gabriele Di Bona , Enrico Ubaldi , Vittorio Loreto , Vito Latora

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

Intellectual property (IP) rules have the potential to shape cross-border trade far more than their legalistic origins might suggest. Drawing on three decades of evidence, this review shows that stronger IP rights simultaneously create…

General Economics · Economics 2025-06-26 Gaetan de Rassenfosse

We analyse a preferential urn model with randomness using the replica method. The preferential urn model is a stochastic model based on the concept "the rich get richer." The replica analysis clarifies that the preferential urn model with…

Disordered Systems and Neural Networks · Physics 2009-11-11 Jun Ohkubo , Muneki Yasuda , Kazuyuki Tanaka

Globalization processes interweave economic structures at a worldwide scale, trade playing a central role as one of the elemental channels of interaction among countries. Despite the significance of such phenomena, measuring economic…

Physics and Society · Physics 2008-12-02 M. Angeles Serrano

This thesis examines edge-reinforced random walks with some modifications to the standard definition. An overview of known results relating to the standard model is given and the proof of recurrence for the standard linearly edge-reinforced…

Probability · Mathematics 2023-09-07 Fabian Michel

We introduce an algorithm able to reconstruct the relevant network structure on which the time evolution of country-product bipartite networks takes place. The significant links are obtained by selecting the largest values of the projected…

Economics · Quantitative Finance 2014-12-24 Andrea Zaccaria , Matthieu Cristelli , Andrea Tacchella , Luciano Pietronero

The random self-reinforcement mechanism, characterized by the principle of ``the rich get richer'', has demonstrated significant utility across various domains. One prominent model embodying this mechanism is the random reinforcement urn…

Statistics Theory · Mathematics 2024-06-18 Li Yang , Jiang Hu , Jianghao Li , Zhidong Bai

Within the last fifteen years, network theory has been successfully applied both to natural sciences and to socioeconomic disciplines. In particular, bipartite networks have been recognized to provide a particularly insightful…

Physics and Society · Physics 2015-12-07 Fabio Saracco , Riccardo Di Clemente , Andrea Gabrielli , Tiziano Squartini