Modeling the International-Trade Network: a Cointegration Approach

This article investigates whether cointegration approach can be the basis of an international trade network and whether such a network is relevant for analysis. We fit data on international-trade flows with a cointegration specification using cointegration approach. In addition, we use the force algorithm of Kamada and Kawai for replicating a weighted international trade network. We find that the cointegration approach in combination with the Kamada and Kawai algorithm successfully replicates the weighted international trade network structure. The presented methodological toolkit allowed to distribute the countries-participants of the network into separate groups (communities).We also identify the specific network participants – network-drivers who have specific management functions in the international trade network.

Авторы
Navrotskaia N.A. 1 , Sopilko N.Yu. 2 , Kutlyeva G.M. 2 , Lysytska S.M.3
Издательство
ISTANBUL KULTUR UNIV
Номер выпуска
S-SPTMSPCL
Язык
Английский
Страницы
1564-1570
Статус
Опубликовано
Том
8
Год
2018
Организации
  • 1 Saint-Petersburg State University,
  • 2 Peoples Friendship University of Russia (RUDN University)
  • 3 National Mining University
Ключевые слова
international trade; international trade network; cointegration; weighted network analysis
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