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A major problem in the study of complex socioeconomic systems is represented by privacy issues$-$that can put severe limitations on the amount of accessible information, forcing to build models on the basis of incomplete knowledge. In this…

Recent results from statistical physics show that large classes of complex networks, both man-made and of natural origin, are characterized by high clustering properties yet strikingly short path lengths between pairs of nodes. This class…

Information Theory · Computer Science 2016-11-17 Rui A. Costa , Joao Barros

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

Dynamic network analysis has found an increasing interest in the literature because of the importance of different kinds of dynamic social networks, biological networks, and economic networks. Most available probability and statistical…

Methodology · Statistics 2017-10-18 Elynn Yi Chen , Rong Chen

The easy access to large data sets has allowed for leveraging methodology in network physics and complexity science to disentangle patterns and processes directly from the data, leading to key insights in the behavior of systems. Here we…

Physics and Society · Physics 2017-02-08 Chengyi Tu , Joel Carr , Samir Suweis

Understanding the structure and formation of networks is a central topic in complexity science. Economic networks are formed by decisions of individual agents and thus not properly described by established random graph models. In this…

Physics and Society · Physics 2023-08-10 Chengyuan Han , Malte Schröder , Dirk Witthaut , Philipp C. Böttcher

The economic success of individuals is often determined by a combination of talent, luck, and assistance from others. We introduce a new agent-based model that simultaneously considers talent, luck, and social interaction. This model allows…

Physics and Society · Physics 2024-09-04 Jaeseok Hur , Meesoon Ha , Hawoong Jeong

Models of complex networks often incorporate node-intrinsic properties abstracted as hidden variables. The probability of connections in the network is then a function of these variables. Real-world networks evolve over time, and many…

Physics and Society · Physics 2021-05-19 Harrison Hartle , Fragkiskos Papadopoulos , Dmitri Krioukov

Using the new data from the OECD-WTO world network of economic activities we construct the Google matrix $G$ of this directed network and perform its detailed analysis. The network contains 58 countries and 37 activity sectors for years…

Statistical Finance · Quantitative Finance 2015-07-14 V. Kandiah , H. Escaith , D. L. Shepelyansky

Optimization and expansion are two modes of staged evolution of complex systems where macroscopic observables change at a decreasing, respectively increasing, rate. A prime example of evolutionary expansion, Gross Domestic Product (GDP)…

Physics and Society · Physics 2022-11-30 Paolo Sibani , Steen Rasmussen , Per Lyngs Hansen

This article aims to model international trade relationships among 29 countries in the apparel industry between 1994 and 2013. Bilateral trade flows can be represented as a directed network, where nodes correspond to countries and directed…

Methodology · Statistics 2025-05-01 Sandipan Pramanik , Raymond Robertson , Yang Ni

Many transport processes on networks depend crucially on the underlying network geometry, although the exact relationship between the structure of the network and the properties of transport processes remain elusive. In this paper we…

Physics and Society · Physics 2015-06-26 Bosiljka Tadic , G. J. Rodgers , Stefan Thurner

We explore the interplay between the topological relevance of a neuron and its dynamical traces in experimental cultured neuronal networks. We monitor the growth and development of these networks to characterise the evolution of their…

Adaptation and Self-Organizing Systems · Physics 2023-07-14 A. Tlaie , L. M. Ballesteros-Esteban , I. Leyva , I. Sendina-Nadal

Money flow models are essential tools to understand different economical phenomena, like saving propensities and wealth distributions. In spite of their importance, most of them are based on synthetic transaction networks with simple…

General Finance · Quantitative Finance 2016-08-03 Massimiliano Zanin , David Papo , Miguel Romance , Regino Criado , Santiago Moral

For Adam Smith, wealth was related to the division of labor. As people and firms specialize in different activities, economic efficiency increases, suggesting that development is associated with an increase in the number of individual…

General Finance · Quantitative Finance 2009-09-23 Cesar A. Hidalgo , Ricardo Hausmann

Using the United Nations COMTRADE database \cite{comtrade} we construct the Google matrix $G$ of multiproduct world trade between the UN countries and analyze the properties of trade flows on this network for years 1962 - 2010. This…

Statistical Finance · Quantitative Finance 2015-04-02 Leonardo Ermann , Dima L. Shepelyansky

The paper analyses trade between the most developed economies of the world. The analysis is based on the previously proposed model of international trade. This model of international trade is based on the theory of general economic…

Trading and Market Microstructure · Quantitative Finance 2025-03-24 N. S. Gonchar , O. P. Dovzhyk , A. S. Zhokhin , W. H. Kozyrski , A. P. Makhort

I find a topological arrangement of stocks traded in a financial market which has associated a meaningful economic taxonomy. The topological space is a graph connecting the stocks of the portfolio analyzed. The graph is obtained starting…

Statistical Mechanics · Physics 2009-10-31 Rosario N. Mantegna

The correlation between G7 countries has been analysed on the basis of Gross Domestic Product using different distance functions i.e. discrete, linear correlation and distribution distance. The distance matrics is analysed by various graph…

Physics and Society · Physics 2012-10-03 J. Miśkiewicz , M. Ausloos

The increasing integration of world economies, which organize in complex multilayer networks of interactions, is one of the critical factors for the global propagation of economic crises. We adopt the network science approach to quantify…

Physics and Society · Physics 2019-01-09 Michele Starnini , Marián Boguñá , M. Ángeles Serrano