Interdependence of sectors of economic activities for world countries from the reduced Google matrix analysis of WTO data
arXiv:1905.06489 · doi:10.3390/e22121407
Abstract
We apply the recently developed reduced Google matrix algorithm for the analysis of the OECD-WTO world network of economic activities. This approach allows to determine interdependences and interactions of economy sectors of several countries, including China, Russia and USA, properly taking into account the influence of all other world countries and their economic activities. Within this analysis we also obtain the sensitivity of economy sectors and EU countries to petroleum activity sector. We show that this approach takes into account multiplicity of network links with economy interactions between countries and activity sectors thus providing more rich information compared to the usual export-import analysis.
arXiv comment20 pages, 10 figures, 1 additional figure in Appendix; minor corrections
References in corpus (14)
- Multinetwork of international trade: A commodity-specific analysis
- Patterns of dominant flows in the world trade web
- Google matrix analysis of directed networks
- Structure and Response in the World Trade Network
- Two-dimensional ranking of Wikipedia articles
- Wikipedia mining of hidden links between political leaders
- Google matrix analysis of the multiproduct world trade network
- World influence and interactions of universities from Wikipedia networks
- Statistical mechanics of complex economies
- Influence of petroleum and gas trade on EU economies from the reduced Google matrix analysis of UN COMTRADE data
- The World-Trade Web: Topological Properties, Dynamics, and Evolution
- Crisis contagion in the world trade network
- Google matrix of the world network of economic activities
- What is the central bank of Wikipedia?