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Complex Networks Analysis of European International Trade: An Agent-Based Model

Hale Kırer, Yasemin Çırpıcı and Ercan Eren
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Hale Kırer: Balıkesir University, Bandırma Faculty of Economics and Administrative Sciences, Department of Econometrics
Yasemin Çırpıcı: Yıldız Technical University, Faculty of Economics and Administrative Sciences, Department of Economics
Ercan Eren: Yıldız Technical University, Faculty of Economics and Administrative Sciences, Department of Economics

No 243, EY International Congress on Economics I (EYC2013), October 24-25, 2013, Ankara, Turkey from Ekonomik Yaklasim Association

Abstract: Economic systems involve many heterogeneous agents and their complex interactions. These lead many studies, in recent years, to focus on the complex networks. Agent based modelling and simulation (ABMS) is a powerful tool for analyzing such systems. This model enables interacting agents to assess individually their positions and makes decisions on the basis of a set of rules that configure the system. International trade can be thought of as a complex network since it consists of interacting heterogeneous agents (countries) with special characteristics. Network representation also makes it possible to analyze indirect trade interaction among countries. In this study the network of international trade of European countries is modelled by using an agent-based model. The aim is to display briefly the network structure of the European international trade.

Keywords: Complex Networks; Agent-Based Modelling; Complexity Economics; International Trade. (search for similar items in EconPapers)
JEL-codes: C63 C69 F14 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2013
New Economics Papers: this item is included in nep-cmp, nep-hme and nep-int
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Citations: View citations in EconPapers (1)

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