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On the topological properties of the world trade web: A weighted network analysis

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Author Info

  • Fagiolo, Giorgio
  • Reyes, Javier
  • Schiavo, Stefano

Abstract

This paper studies the topological properties of the World Trade Web (WTW) and its evolution over time by employing a weighted-network analysis. We show that the WTW, viewed as a weighted network, displays statistical features that are very different from those obtained by using a traditional binary-network approach. In particular, we find that: (i) the majority of existing links are associated to weak trade relationships; (ii) the weighted WTW is only weakly disassortative; (iii) countries holding more intense trade relationships are more clustered.

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File URL: http://www.sciencedirect.com/science/article/pii/S0378437108000861
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Bibliographic Info

Article provided by Elsevier in its journal Physica A: Statistical Mechanics and its Applications.

Volume (Year): 387 (2008)
Issue (Month): 15 ()
Pages: 3868-3873

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Handle: RePEc:eee:phsmap:v:387:y:2008:i:15:p:3868-3873

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Web page: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/

Related research

Keywords: Weighted complex networks; World trade web; Econophysics;

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References

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  1. Giorgio Fagiolo, 2006. "Directed or Undirected? A New Index to Check for Directionality of Relations in Socio-Economic Networks," Economics Bulletin, AccessEcon, vol. 3(34), pages 1-12.
  2. D. Garlaschelli & M. I. Loffredo, 2004. "Fitness-dependent topological properties of the World Trade Web," Papers cond-mat/0403051, arXiv.org, revised Oct 2004.
  3. Li, Xiang & Ying Jin, Yu & Chen, Guanrong, 2003. "Complexity and synchronization of the World trade Web," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 328(1), pages 287-296.
  4. Garlaschelli, Diego & Loffredo, Maria I., 2005. "Structure and evolution of the world trade network," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 355(1), pages 138-144.
  5. repec:ebl:ecbull:v:3:y:2006:i:34:p:1-12 is not listed on IDEAS
  6. Dorogovtsev, S.N. & Mendes, J.F.F., 2003. "Evolution of Networks: From Biological Nets to the Internet and WWW," OUP Catalogue, Oxford University Press, number 9780198515906.
  7. Raja Kali & Javier Reyes, 2007. "The architecture of globalization: a network approach to international economic integration," Journal of International Business Studies, Palgrave Macmillan, vol. 38(4), pages 595-620, July.
  8. Andrea De Montis & Marc Barth´┐Żlemy & Alessandro Chessa & Alessandro Vespignani, 2007. "The structure of interurban traffic: a weighted network analysis," Environment and Planning B: Planning and Design, Pion Ltd, London, vol. 34(5), pages 905-924, September.
  9. D. Garlaschelli & M. I. Loffredo, 2005. "Structure and Evolution of the World Trade Network," Papers physics/0502066, arXiv.org, revised May 2005.
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