Bringing Order to the World Trade Network

Wei Wei, Gang Liu

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

The Social Network Analysis (SNA) tools are increasingly and intensively used to analyze the
World Trade Network (WTN) in recent years. In this paper we present a graph-based ranking algorithm,
called weighted-HITS (w-HITS) algorithm, using reinforcing equilibrium values to bring order to countries
within the WTN based on their interdependencies and specific impacts on the whole network. The proposed
algorithm is empirically studied on the real international trade dataset from 1962 to 2000. The results
demonstrate that the proposed algorithm generates a reasonable ranking order within the WTN and shed
essential light on consequent efforts on further investigating trade network.
Original languageEnglish
Title of host publicationInternational Proceedings of Economics Development and Research
PublisherIACSIT Press
Publication date2012
Pages88-92
Publication statusPublished - 2012
Externally publishedYes
SeriesIPEDR
Volume28
ISSN2010-4626

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