Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89513
Authors: 
Dueñas, Marco
Fagiolo, Giorgio
Year of Publication: 
2013
Series/Report no.: 
LEM Working Paper Series 2013/12
Abstract: 
We study trade imbalances between world countries in the period 1960-2000 using a complex-network approach. We show that trade imbalances in absolute value are characterized by a hierarchical arrangement wherein few rich 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 emergent economies. 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 the international trade has caused very heterogeneous imbalances in world economies, which may have important consequences for global instability and development.
Subjects: 
Trade Imbalances
International Trade Network
Gravity Model
Null Models
JEL: 
F10
D85
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.