The Evolution of World Trade from 1995 to 2014: A Network Approach

Publicado en

  • The Journal of International Trade & Economic Development

Resumen

  • This paper employs network analysis to study world trade from 1995 to 2014. We focus on the main connective features of the world trade network (WTN) and their dynamics. Results suggest that countries’ efforts to attain the benefits of trade have resulted in an intertwined network that is increasingly dense, reciprocal, and clustered. However, these features do not correspond to a linear aggregation of the characteristics of its constituents (trade sectors). Trade linkages are distributed homogeneously among countries, but their intensity (i.e. their value) is highly concentrated in a small set of countries. The main connective features of the WTN were not affected by the 2007–2008 international financial crisis. However, we find that the crisis marks a turning point in the evolution of the WTN from a two-group (led by the US and Germany) to a three-group (led by the US, Germany, and China) hierarchical structure.

fecha de publicación

  • 2019

Líneas de investigación

  • Graph
  • Minimal Spanning Tree
  • Network Analysis
  • World Trade

Identificador de objeto digital (DOI)

  • https://doi.org/10.1080/09638199.2018.1549588

Página inicial

  • 452

Última página

  • 485

Volumen

  • 28

Issue

  • 4