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The International Trade Network (ITN) is the network formed by trade relationships between world countries. The complex structure of the ITN impacts important economic processes such as globalization, competitiveness, and the propagation of…

综合金融 · 定量金融 2017-05-18 Assaf Almog , Tiziano Squartini , Diego Garlaschelli

This paper investigates whether the gravity model (GM) can explain the statistical properties of the International Trade Network (ITN). We fit data on international-trade flows with a GM specification using alternative fitting techniques…

综合金融 · 定量金融 2011-12-14 Marco Duenas , Giorgio Fagiolo

The structure of the International Trade Network (ITN), whose nodes and links represent world countries and their trade relations respectively, affects key economic processes worldwide, including globalization, economic integration,…

物理与社会 · 物理学 2024-09-21 Assaf Almog , Rhys Bird , Diego Garlaschelli

This paper begins to explore the determinants of the topological properties of the international - trade network (ITN). We fit bilateral-trade flows using a standard gravity equation to build a "residual" ITN where trade-link weights are…

综合金融 · 定量金融 2009-08-18 Giorgio Fagiolo

Based on the misleading expectation that weighted network properties always offer a more complete description than purely topological ones, current economic models of the International Trade Network (ITN) generally aim at explaining local…

物理与社会 · 物理学 2014-01-14 Tiziano Squartini , Giorgio Fagiolo , Diego Garlaschelli

It is common wisdom that no nation is an isolated economic island. All nations participate in the global economy and are linked together through trade and finance. Here we analyze international trade network (ITN), being the network of…

综合金融 · 定量金融 2012-05-22 Agata Fronczak

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…

综合金融 · 定量金融 2009-11-13 K. Bhattacharya , G. Mukherjee , J. Saramaki , K. Kaski , S. S. Manna

The World Trade Web (WTW) is the network of international trade relationships among world countries. Characterizing both the local link weights (observed trade volumes) and the global network structure (large-scale topology) of the WTW via…

物理与社会 · 物理学 2022-12-23 Marzio Di Vece , Diego Garlaschelli , Tiziano Squartini

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…

物理与社会 · 物理学 2023-07-19 Patryk Skowron , Mariusz Karpiarz , Agata Fronczak , Piotr Fronczak

Bilateral trade relationships in the international level between pairs of countries in the world give rise to the notion of the International Trade Network (ITN). This network has attracted the attention of network researchers as it serves…

综合金融 · 定量金融 2015-05-13 K. Bhattacharya , G. Mukherjee , S. S. Manna

The international trade network (ITN) has received renewed multidisciplinary interest due to recent advances in network theory. However, it is still unclear whether a network approach conveys additional, nontrivial information with respect…

物理与社会 · 物理学 2014-01-14 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…

物理与社会 · 物理学 2024-05-15 Marzio Di Vece , Diego Garlaschelli , Tiziano Squartini

The gravity model, inspired by Newton's law of universal gravitation, has long served as a primary tool for interpreting trade flows between countries, using a country's economic `mass' as a key determinant. Despite its wide application,…

数据分析、统计与概率 · 物理学 2025-07-08 Daekyung Lee , Wonguk Cho , Heetae Kim , Gunn Kim , Hyeong-Chai Jeong , Beom Jun Kim

We present an empirical analysis of the network formed by the trade relationships between all world countries, or World Trade Web (WTW). Each (directed) link is weighted by the amount of wealth flowing between two countries, and each…

物理与社会 · 物理学 2009-02-06 D. Garlaschelli , T. Di Matteo , T. Aste , G. Caldarelli , M. I. Loffredo

The gravity models has been studied to analyze interaction between two objects such as trade amount between a pair of countries, human migration between a pair of countries and traffic flow between two cities. Particularly in the…

计算工程、金融与科学 · 计算机科学 2024-08-06 Naoto Minakawa , Kiyoshi Izumi , Hiroki Sakaji

In the economic literature, geographic distances are considered fundamental factors to be included in any theoretical model whose aim is the quantification of the trade between countries. Quantitatively, distances enter into the so-called…

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…

综合金融 · 定量金融 2010-06-22 Matteo Barigozzi , Giorgio Fagiolo , Diego Garlaschelli

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…

综合经济学 · 经济学 2022-11-24 Mayank Kejriwal , Yuesheng Luo

Jan Tinbergen, the first recipient of the Nobel Memorial Prize in Economics in 1969, obtained his PhD in physics at the University of Leiden under the supervision of Paul Ehrenfest in 1929. Among many achievements as an economist after his…

综合金融 · 定量金融 2014-01-14 Tiziano Squartini , Diego Garlaschelli

Globalization is one of the central concepts of our age. The common perception of the process is that, due to declining communication and transport costs, distance becomes less and less important. However, the distance coefficient in the…

物理与社会 · 物理学 2014-12-17 Mariusz Karpiarz , Piotr Fronczak , Agata Fronczak
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