The World Trade Network
Luca De Benedictis () and
Lucia Tajoli ()
No 51-2009, Working Papers from Macerata University, Department of Finance and Economic Sciences
This paper uses the tools of network analysis and graph theory
to graphically and analytically represent the characteristics of world
trade. The structure of the World Trade Network is compared over
time, detecting and interpreting patterns of trade ties among countries.
In particular, we assess whether the entrance of a number of
new important players into the world trading system in recent years
has changed the main characteristics of the existing structure of world
trade, or whether the existing network was simply extended to a new
group of countries. We also analyze whether the observed changes in
international trade flow patterns are related to the multilateral or the
regional liberalization policies. The results show that trade integration
at the world level has been increasing but it is still far from being
complete, with the exception of some areas, that there is a strong
heterogeneity in the countries’ choice of partners, and that the WTO
plays an important role in trade integration. The role of the extensive
and the intensive margin of trade is also highlighted.
Keywords: Network analysis; International Trade; WTO; Extensive and Intensive Margins of Trade; Gravity (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int and nep-net
Date: 2009-03, Revised 2009-03
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Journal Article: The World Trade Network (2011)
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Persistent link: http://EconPapers.repec.org/RePEc:mcr:wpdief:wpaper50
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