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We study the ever more integrated and ever more unbalanced trade relationships between European countries. To better capture the complexity of economic networks, we propose two global measures that assess the trade integration and the trade…

Physics and Society · Physics 2014-03-05 Gautier M. Krings , Jean-François Carpantier , Jean-Charles Delvenne

The digital economy is a highly relevant item on the European Union's policy agenda. Cross-border internet purchases are part of the digital economy, but their total value can currently not be accurately measured or estimated. Traditional…

Applications · Statistics 2019-12-02 Q. A. Meertens , C. G. H. Diks , H. J. van den Herik , F. W. Takes

The development of Digital Economy sets its own requirements for the formation and development of so-called digital doubles and digital shadows of real objects (subjects/regions). An integral element of their development and application is…

General Economics · Economics 2020-09-15 Olga G. Lebedinskaya

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

Value chain data is crucial to navigate economic disruptions, such as those caused by the COVID-19 pandemic and the war in Ukraine. Yet, despite its importance, publicly available value chain datasets, such as the ``World Input-Output…

General Economics · Economics 2023-08-08 Lea Karbevska , César A. Hidalgo

During the last decades two important contributions have reshaped our understanding of international trade. First, countries trade more with those with whom they share history, language, and culture, suggesting that trade is limited by…

Economics · Quantitative Finance 2017-09-19 Bogang Jun , Aamena Alshamsi , Jian Gao , Cesar A Hidalgo

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

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 analyze export data aggregated at world global level of 219 classes of products over a period of 39 years. Our main goal is to set up a dynamical model to identify and quantify plausible mechanisms by which the evolutions of the various…

Economics · Quantitative Finance 2016-09-20 Michele Caraglio , Fulvio Baldovin , Attilio L. Stella

The international trade is one of the classic areas of study in economics. Nowadays, given the availability of data, the tools used for the analysis can be complemented and enriched with new methodologies and techniques that go beyond the…

Physics and Society · Physics 2021-04-23 Diego Kozlowski , Viktoriya Semeshenko , Andrea Molinari

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

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

This study introduces the Digital Competitiveness Index for Trade (DCIT), a composite metric integrating ICT readiness, broadband adoption, GDP per capita, foreign direct investment, government effectiveness, and trade volume to assess…

General Economics · Economics 2026-01-06 Elias Aravantinos

We present an integrated database suitable for the investigations of the Economic development of countries by using the Economic Fitness and Complexity framework. Firstly, we implement machine learning techniques to reconstruct the database…

General Economics · Economics 2023-08-15 Aurelio Patelli , Andrea Zaccaria , Luciano Pietronero

Industries can enter one country first, and then enter its neighbors' markets. Firms in the industry can expand trade network through the export behavior of other firms in the industry. If a firm is dependent on a few foreign markets, the…

General Economics · Economics 2020-12-15 Xuejian Wang

Tourism is one of the most important economic activities in the world: for many countries it represents the single largest product in their export basket. However, it is a product difficult to chart: "exporters" of tourism do not ship it…

General Finance · Quantitative Finance 2016-12-04 Michele Coscia , Ricardo Hausmann , Frank Neffke

As we can understand with the spread of GVCs, a lot of new questions emerge regarding the measurement of participation and positioning in the globalised production process. The World Development Report (WDR) 2020 explains the GVC phenomenon…

General Economics · Economics 2021-03-03 Sourish Dutta

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

Considerable efforts have been made in recent years to produce detailed topologies of the Internet. Although Internet topology data have been brought to the attention of a wide and somewhat diverse audience of scholars, so far they have…

Physics and Society · Physics 2012-02-21 Massimo Riccaboni , Alessandro Rossi , Stefano Schiavo

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
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