THE TOPOLOGY OF A LOCAL TRADE WEB AND IMPACTS OF THE US FINANCIAL CRISIS

Xiaobing Feng (), Haibo Hu () and Xiaofan Wang ()
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Xiaobing Feng: College of Finance, Shanghai Institute of Foreign Trade, Shanghai 201620, China;
Haibo Hu: School of Business, East China University of Science and Technology, Shanghai 200237, China
Xiaofan Wang: Complex Networks and Control Lab, Shanghai Jiaotong University, Shanghai 200240, China

International Journal of Modern Physics C (IJMPC), 2010, vol. 21, issue 07, 853-866

Abstract: In this paper a local trade web (LTW) in the Asia-Pacific region is examined using the data derived from the United Nations and the International Monetary Fund. The topology of the LTW has been specified, based upon which the impacts of US financial crisis on the structural and behavior pattern of the LTW are further investigated. The major findings are given as follows. Firstly, the LTW is much more integrated than the global trade web; secondly, after the financial crisis, the fundamental structure of the network remains relatively stable but the strength of the web has been changed and the structure of the web has evolved over time. Economic implications for what have been observed are also discussed.

Keywords: Regional trade web; topology; financial crisis; dynamics; 89.65.-s; 89.75.Hc; 87.23.Ge (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1142/S012918311001552X

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