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An Attempt To Observe Economy Globalization: The Cross Correlation Distance Evolution Of The Top 19 Gdp'S

Author

Listed:
  • J. MIŚKIEWICZ

    (Wrocław University, Institute of Theoretical Physics, pl. M. Borna 9, 50-204 Wrocław, Poland)

  • M. AUSLOOS

    (SUPRATECS, B5, University of Liège, B-4000 Liège, Euroland)

Abstract

Economy correlations between the 19 richest countries are investigated through their Gross Domestic Product increments. A distance is defined between increment correlation matrix elements and their evolution studied as a function of time and time window size. Unidirectional and Bidirectional Minimal Length Paths are generated and analyzed for different time windows. A sort of critical correlation time window is found indicating a transition for best observations. The mean length path decreases with time, indicating stronger correlations. A new method for estimating a realistic minimal time window to observe correlations and deduce macroeconomy conclusions from such features is thus suggested.

Suggested Citation

  • J. Miśkiewicz & M. Ausloos, 2006. "An Attempt To Observe Economy Globalization: The Cross Correlation Distance Evolution Of The Top 19 Gdp'S," International Journal of Modern Physics C (IJMPC), World Scientific Publishing Co. Pte. Ltd., vol. 17(03), pages 317-331.
    • Handle: RePEc:wsi:ijmpcx:v:17:y:2006:i:03:n:s0129183106008480
    DOI: 10.1142/S0129183106008480
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    Citations

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    Cited by:

    1. Păunică Mihai & Motofei Cătălina & Tănase Gabriela Lidia & Manole Alexandru, 2018. "The Globalization in the actual Context of the European Union Economy," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 739-750, May.
    2. Cheong, Siew Ann & Fornia, Robert Paulo & Lee, Gladys Hui Ting & Kok, Jun Liang & Yim, Woei Shyr & Xu, Danny Yuan & Zhang, Yiting, 2011. "The Japanese economy in crises: A time series segmentation study," Economics Discussion Papers 2011-24, Kiel Institute for the World Economy (IfW Kiel).
    3. Marcel Ausloos, 2013. "Econophysics: Comments on a Few Applications, Successes, Methods and Models," IIM Kozhikode Society & Management Review, , vol. 2(2), pages 101-115, July.
    4. Cheong, Siew Ann & Fornia, Robert Paulo & Lee, Gladys Hui Ting & Kok, Jun Liang & Yim, Woei Shyr & Xu, Danny Yuan & Zhang, Yiting, 2012. "The Japanese economy in crises: A time series segmentation study," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 6, pages 1-81.
    5. Zhang, Yiting & Lee, Gladys Hui Ting & Wong, Jian Cheng & Kok, Jun Liang & Prusty, Manamohan & Cheong, Siew Ann, 2011. "Will the US economy recover in 2010? A minimal spanning tree study," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 390(11), pages 2020-2050.
    6. James Graham, 2014. "'N Sync: how do countries' economies move together?," Reserve Bank of New Zealand Analytical Notes series AN2014/04, Reserve Bank of New Zealand.

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