Analyzing the International Exergy Flow Network of Ferrous Metal Ores

Hai Qi, Haizhong An, Xiaoqing Hao, Weiqiong Zhong and Yanbing Zhang

PLOS ONE, 2014, vol. 9, issue 9, 1-16

Abstract: This paper employs an un-weighted and weighted exergy network to study the properties of ferrous metal ores in countries worldwide and their evolution from 2002 to 2012. We find that there are few countries controlling most of the ferrous metal ore exports in terms of exergy and that the entire exergy flow network is becoming more heterogeneous though the addition of new nodes. The increasing of the average clustering coefficient indicates that the formation of an international exergy flow system and regional integration is improving. When we contrast the average out strength of exergy and the average out strength of currency, we find both similarities and differences. Prices are affected largely by human factors; thus, the growth rate of the average out strength of currency has fluctuated acutely in the eleven years from 2002 to 2012. Exergy is defined as the maximum work that can be extracted from a system and can reflect the true cost in the world, and this parameter fluctuates much less. Performing an analysis based on the two aspects of exergy and currency, we find that the network is becoming uneven.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:plo:pone00:0106617

DOI: 10.1371/journal.pone.0106617

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