We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
The Economic Commission for Latin America and the Caribbean (ECLAC) was right: scale-free complex networks and core-periphery patterns in world trade.
- Authors
Gala, Paulo; Camargo, Jhean; Freitas, Elton
- Abstract
The main purpose of this paper is to apply big-data and scale-free complex network techniques to the study of world trade, with a specific focus on the investigation of ECLAC and structuralist ideas. A secondary objective is to illustrate the potentialities of the use of the new science of complex networks in economics, in what has been recently referred to as an econophysics research agenda. We work with a trade network of 101 countries and 762 products (SITC-4) which generated 1,756,224 trade links in 2013. The empirical results based on network analysis and computational methods reported here point in the direction of what ECLAC economists used to argue; countries with higher income per capita concentrate in producing and exporting manufactured and complex goods at the center of the trade network; countries with lower income per capita specialize in producing and exporting noncomplex commodities at the network's periphery.
- Subjects
UNITED Nations. Economic Commission for Latin America &; the Caribbean; INTERNATIONAL trade; ECONOPHYSICS; COMMERCIAL products; NETWORK analysis (Communication)
- Publication
Cambridge Journal of Economics, 2018, Vol 42, Issue 3, p633
- ISSN
0309-166X
- Publication type
Article
- DOI
10.1093/cje/bex057