An International Trade Disputes Analysis using Network Theory

Trucmel Irina-Maria (), Vintila Alexandra (), Capbun Andreea Gabriela () and Roman Mihai Daniel ()
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Trucmel Irina-Maria: Bucharest University of Economic Studies, Bucharest, Romania
Vintila Alexandra: Bucharest University of Economic Studies, Bucharest, Romania
Capbun Andreea Gabriela: Bucharest University of Economic Studies, Bucharest, Romania
Roman Mihai Daniel: Bucharest University of Economic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2022, vol. 16, issue 1, 639-649

Abstract: International trade is an important pillar of the modern economy. Beyond its benefits, the global market generates divergencies among trade partners that can be escalated into trade disputes. Notable interest has arisen in using network analysis to formally describe interactions with concepts derived from the graph theory. As we have noticed a less explored area on the graphical representation of trade dispute data, the purpose of this paper is to build, visualize, and analyze the trade disputes as a weighted network. We use data about trade disputes provided by the Word Trade Organization from 1995 to 31 January 2022 as this is a major regulatory body within the multilateral trading system. Our aim is to address the question on which countries are using the most the dispute settlement mechanism. Based on the association complainant – respondent, we map these interactions to obtain a weighted network that includes 75 countries, 247 unidirectional country pairs and 652 trade disputes. The results indicate the dominance of the United States as the main hub followed by the European Union and a core-periphery structure of the trade dispute network with less participation from smaller countries. Our study is a general assessment of trade disputes which contributes to identifying patterns on the positional changes of countries and their involvement as complainant and respondent respectively in international dispute settlement.

Keywords: trade disputes; network analysis; weighted network; modularity; World Trade Organization (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:16:y:2022:i:1:p:639-649:n:40

DOI: 10.2478/picbe-2022-0061

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