The International Trade Network

Details The International Trade Network The International Trade Network

2007-07-30

arxiv.org/abs/0707.4347v1

Economy

Quantitative Finance

General Finance

9 pages, 7 figures

Scientific paper

Bilateral trade relationships in the international level between pairs of countries in the world give rise to the notion of the International Trade Network (ITN). This network has attracted the attention of network researchers as it serves as an excellent example of the weighted networks, the link weight being defined as a measure of the volume of trade between two countries. In this paper we analyzed the international trade data for 53 years and studied in detail the variations of different network related quantities associated with the ITN. Our observation is that the ITN has also a scale invariant structure like many other real-world networks.

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