Global trade imbalances: a network approach
Fecha
2014Autor
Dueñas, Marco
Fagiolo, Giogio
Documentos PDF
Imagenes y Videos
Resumen
In this paper, we study trade imbalances between world countries in the period 1960–
2011 using a complex-network approach. We show that trade imbalances in absolute
value are characterized by a hierarchical arrangement wherein a few developed economies
display high clustering and carry an important amount of global-trade imbalances. In
contrast, trade imbalances in relative terms show a more fragmented topology, with less
concentrated clustering which is particularly high for developing countries. In addition,
we find that traditional null random-network models and the gravity model poorly predict
the topology of trade imbalance networks. Our main finding is that the evolution of
international trade has caused very heterogeneous imbalances in world economies, which
may have important consequences for global instability and development.
Palabras clave
Trade imbalances; International trade network; Gravity model; Null modelsEnlace al recurso
https://doi.org/10.1142/S0219525914500143Colecciones
- Año 2014 [107]
Estadísticas Google Analytics
Comentarios
Respuesta Comentario Repositorio Expeditio
Gracias por tomarse el tiempo para darnos su opinión.