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In the global economy, the intermediate companies owned by multinational corporations are becoming an important policy issue as they are likely to cause international profit shifting and diversion of foreign direct investments. The purpose…

General Economics · Economics 2022-01-07 Tembo Nakamoto , Abhijit Chakraborty , Yuichi Ikeda

The emergence of interconnected urban networks is a crucial feature of globalisation processes. Understanding the drivers behind the growth of such networks - in particular urban firm networks -, is essential for the economic resilience of…

Physics and Society · Physics 2020-09-14 Juste Raimbault , Natalia Zdanowska , Elsa Arcaute

Mergers and Acquisitions represent important forms of business deals, both because of the volumes involved in the transactions and because of the role of the innovation activity of companies. Nevertheless, Economic Complexity methods have…

Physics and Society · Physics 2023-04-26 Lorenzo Arsini , Matteo Straccamore , Andrea Zaccaria

The large-scale organization of the world economies is exhibiting increasingly levels of local heterogeneity and global interdependency. Understanding the relation between local and global features calls for analytical tools able to uncover…

General Finance · Quantitative Finance 2008-12-10 M. Angeles Serrano , Marian Boguna , Alessandro Vespignani

We introduce a model for the adaptive evolution of a network of company ownerships. In a recent work it has been shown that the empirical global network of corporate control is marked by a central, tightly connected "core" made of a small…

Physics and Society · Physics 2014-01-03 Sebastian M. Krause , Tiago P. Peixoto , Stefan Bornholdt

Strategic decisions rely heavily on non-scientific instrumentation to forecast emerging technologies and leading companies. Instead, we build a fast quantitative system with a small computational footprint to discover the most important…

Cryptography and Security · Computer Science 2022-09-25 Michael Tsesmelis , Ljiljana Dolamic , Marcus Matthias Keupp , Dimitri Percia David , Alain Mermoud

We use methods from network science to analyze corruption risk in a large administrative dataset of over 4 million public procurement contracts from European Union member states covering the years 2008-2016. By mapping procurement markets…

General Finance · Quantitative Finance 2019-09-20 Johannes Wachs , Mihály Fazekas , János Kertész

Networks are structures that pervade many natural and man-made phenomena. Recent findings have characterized many networks as not random structures, but as efficent complex formations. Current research has examined complex networks as…

Disordered Systems and Neural Networks · Physics 2007-05-23 Sean P. Gorman , Rajendra Kulkarni

We present a methodology to extract the backbone of complex networks based on the weight and direction of links, as well as on nontopological properties of nodes. We show how the methodology can be applied in general to networks in which…

General Finance · Quantitative Finance 2010-06-23 J. B. Glattfelder , S. Battiston

Ever since the web began, the number of websites has been growing exponentially. These websites cover an ever-increasing range of online services that fill a variety of social and economic functions across a growing range of industries. Yet…

Computers and Society · Computer Science 2021-10-29 Paul X. McCarthy , Xian Gong , Sina Eghbal , Daniel S. Falster , Marian-Andrei Rizoiu

Business elites reconfigure their locus of organization over time, from the city level, to the national level, and beyond. We ask what the current level of elite organization is and propose a novel theoretical and empirical approach to…

Social and Information Networks · Computer Science 2017-03-27 Eelke M. Heemskerk , Frank W. Takes , Javier Garcia-Bernardo , M. Jouke Huijzer

Since 2008, the network analysis of financial systems is one of the most important subjects in economics. In this paper, we have used the complexity approach and Random Matrix Theory (RMT) for analyzing the global banking network. By…

Statistical Finance · Quantitative Finance 2020-07-30 Ali Namaki , Jamshid Ardalankia , Reza Raei , Leila Hedayatifar , Ali Hosseiny , Emmanuel Haven , G. Reza Jafari

The internet's rapid growth stimulates the emergence of start-up companies based on information technology and telecommunication (ICT) in Indonesia and Singapore. As the number of start-ups and its investor growth, the network of its…

Computers and Society · Computer Science 2021-02-19 Farid Naufal Aslam , Andry Alamsyah

Intra-firm trade describes the trade between affiliated firms and is increasingly important as global production is fragmented. However, statistics and data on global intra-firm trade patterns are widely unavailable. This study proposes a…

General Economics · Economics 2023-08-24 Matthew Smith , Yasaman Sarabi

We develop a game-theoretic framework for the study of competition between firms who have budgets to "seed" the initial adoption of their products by consumers located in a social network. The payoffs to the firms are the eventual number of…

Computer Science and Game Theory · Computer Science 2012-04-24 Sanjeev Goyal , Michael Kearns

Trade networks, across which countries distribute their products, are crucial components of the globalized world economy. Their structure is strongly heterogeneous across products, given the different features of the countries which buy and…

Physics and Society · Physics 2019-01-09 Carlo Piccardi , Lucia Tajoli

Understanding cities is central to addressing major global challenges from climate and health to economic resilience. Although increasingly perceived as fundamental socio-economic units, the detailed fabric of urban economic activities is…

By applying network analysis techniques to large input-output system, we identify key sectors in the local/regional economy. We overcome the limitations of traditional measures of centrality by using random-walk based measures, as an…

General Economics · Economics 2022-09-30 Fernando DePaolis , Phil Murphy , M. Clara DePaolis Kaluza

The urban-rural divide is increasing in modern societies calling for geographical extensions of social influence modelling. Improved understanding of innovation diffusion across locations and through social connections can provide us with…

Physics and Society · Physics 2020-09-16 Balázs Lengyel , Eszter Bokányi , Riccardo Di Clemente , János Kertész , Marta C. González

This paper develops a unified framework for analyzing technology adoption in financial networks that incorporates spatial spillovers, network externalities, and their interaction. The framework characterizes adoption dynamics through a…

Econometrics · Economics 2026-01-12 Tatsuru Kikuchi