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The World Trade Network

Luca De Benedictis () and Lucia Tajoli ()

No 51-2009, Working Papers from Macerata University, Department of Finance and Economic Sciences

Abstract: 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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Related works:
Journal Article: The World Trade Network (2011)
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