Assessing the evolution of international economic integration using random walk betweenness centrality: The cases of East Asia and Latin America

Advances in Complex Systems

Volumn 11, Issue 5, 2008, Pages 685-702

  Reyes, Javier ^a   Schiavo, Stefano ^b,c   Fagiolo, Giorgio ^d  

^a UNIVERSITY OF ARKANSAS   (United States)

^b UNIVERSITY OF TRENTO   (Italy)

^c OFCE   (France)

^d SCUOLA SUPERIORE SANT ANNA   (Italy)

Author keywords

Centrality; Complex weighted networks; Development; Growth; High performing Asian economies; International trade; Latin American economies; Networks; World Trade Web

Indexed keywords

EID: 57249084637     PISSN: 02195259     EISSN: None     Source Type: Journal    
DOI: 10.1142/S0219525908001945     Document Type: Article

References (44)

1. Amsden, A., Asia's Next Giant: South Korea and Late Industrialization (Oxford University Press, 1989).
2. Amsden, A., Why isn't the whole world experimenting with the East Asian model to develop? Review of the East Asian miracle, World Devel. 22 (1994) 627-633.
3. Barabási. A., Statistical mechanics of complex networks, Rev. Mod. Phys. 74 (2002) 47-97.
4. Barro, R., Economic growth in East Asia before and after the financial crisis. Working Paper 8330, NBER (2001).
5. Battiston, S., Gatti, D., Greenwald, B. and Stiglitz, J., Credit chains and bankruptcy propagation in production networks, J. Econ. Dynarn. Control 31 (2007) 2061-2084.
6. Corbo, V. and Rojas, P., Investment, macroeconomic instability and growth: The Latin American experience, Revista de Analisis Economico 8 (1993) 19-35.
7. Currarini, S., Jackson, M. and Pin, P., An economic model of friendship: Homophily, minorities and segregation. Research paper, Department of Economics, University Ca' Foscari of Venice (2007).
8. de Gregorio, J., Economic growth in Latin America, J. Devel. Econ. 39 (1992) 59-84.
9. de Gregorio, J., Economic growth in Latin America: From the disappointment of the twentieth century to the challenge of the twenty-first. Working Paper 377, Central Bank of Chile (2006).
10. de Gregorio, J. and Lee, J.-W., Growth and adjustment in East Asia and Latin America, Economia 5 (2004) 69-134.
11. Edwards, S., Crisis and Reform in Latin America: From Despair to Hope (Oxford University Press, 1995).
12. Fagiolo, G., Directed or Undirected? A new index to check for directionality of relations in socio-economic networks, Econ. Bull. 3 (2006) 1-12.
13. Fagiolo, G., Reyes, J. and Schiavo, S., The evolution of the World Trade Web: A weighted-network analysis. Lem Working Paper Series, 2007-17 (2007). Available at: http://www.lem.sssup.it/wplem/files/2007-17.pdf
14. Fagiolo, G., Schiavo, S. and Reyes, J., On the topological properties of the World Trade Web: A weighted network analysis, Physica A 387 (2008) 3868-3873.
15. Fischer, S., The role of macroeconomic factors in growth, J. Monet. Econ. 32 (1993) 485-512.
16. Fisher, E. and Vega-Redondo, F., The linchpins of a modern economy. Working Paper, California Polytechnic (2006).
17. Garlaschelli, D. and Loffredo, M., Fitness-dependent topological properties of the World Trade Web, Physic. Rev. Lett. 93 (2004) 188701.
18. Garlaschelli, D. and Loffredo, M., Structure and evolution of the world trade network, Physica A 355 (2005) 138-144.
19. Gavin, M. and Perotti, R., Fiscal policy in Latin America, NBER Macroecon. Annu. 12 (1997) 11-61.
20. Gleditsch, K., Expanded trade and GDP data, J. Conflict Resolution 46 (2002) 712-724. Available at http://ibs.colorado.edu/ksg/trade.
21. Goyal, S., Moraga, J. L. and van der Leij, M., Economics: Emerging small world, J. Pol. Economy 114 (2006) 403-412.
22. Hidalgo, C., Klinger, A., Barabási, B. and Hausmann, R., The product space conditions and the development of nations, Science 317 (2007) 482-487.
23. Kali, R. and Reyes, J., The architecture of globalization: A network approach to international economic integration, J. Int. Bus. Stud. 38 (2007a) 595-620.
24. Kali, R. and Reyes, J., Financial contagion on the International Trade Network. University of Arkansas, 2007b.
25. Kaminsky, G. and Reinhart, C., Financial crises in Asia and Latin America: Then and now, Am. Econ. Rev. 88 (1998) 444-449.
26. Krasilshchikov, V., The East Asian "tigers": Following Russia and Latin America?, Working Papers - Programa Asia & Pacifico 17, Centro Argentino de Estudios Internacionales (2006).
27. Lin, C.-Y., Latin America vs. East Asia: A Comparative Development Perspective (M.E. Sharpe, New York, 1989).
28. Lora, E. and Panizza, U., Structural reforms in Latin America under scrutiny. Research Department Working Paper 470, IADB (2002).
29. Nemeth, R. and Smith, D., International trade and world-system structure: A multiple network analysis, Review: A Journal of the Fernand Braudel Center 8 (1985) 517-560.
30. Newman, M., The structure and function of complex networks, SIAM Rev. 45 (2003) 167-256.
31. Newman, M., A measure of betweenness centrality based on random walks, Soc. Networks 27 (2005) 39-54.
32. Park, Y. C. and Lee, J.-W., Recovery and sustainability in East Asia, in Managing Currency Crises in Emerging Markets, eds. Dooley, M. and Frankel, J. (Chicago University Press, 2002), pp. 275-320.
33. Pastos-Satorras, R. and Vespignani, A., Evolution and Structure of the Internet (Cambridge University Press, 2004).
34. Rodrick, D., Getting intervention right: How South Korea and Taiwan grew Rich, Econ. Policy 20 (1995) 55-107.
35. Sachs, J., External debt and macroeconomic performance in Latin America and East Asia, Brookings Papers on Economic Activity 2 (1985) 523-573.
36. Serrano, A. and Boguñá, M., Topology of the World Trade Web, Phys. Rev. E 68 (2003) 015101R.
37. Singh, A., Savings, investment and the corporation in the East Asian miracle, J. Dev. Stud. 34 (1998) 112-137.
38. Smith, D. and White, D., Structure and dynamics of the global economy: Network analysis of international trade, 1965-1980, Soc. Forces 70 (1992) 857-893.
39. Snyder, D. and Kick, E., Structural position in the world system and economic growth 1955-1970: A multiple network analysis of transnational interactions, Am. J. Social. 84 (1979) 1096-1126.
40. Stiglitz, J., From miracle to crisis to recovery: Lessons from four decades of East Asian experience, in Rethinking the East Asian Miracle, eds. Stigiitz, J. and Yusuf, S. (Oxford University Press, 2001), pp. 509-525.
41. Watts, D. and Strogatz, S., Collective dynamics of "small- world" networks, Nature 393 (1998) 440-442.
42. Weeks, J., Latin America and the "High Performing Asian Economies": Growth and debt, J. Int. Deve. 12 (2000) 625-654.
43. Weiss, J. and Jalilian, H., Industrialization in an age of globalization: Some comparisons between East and South Asia and Latin America, Oxford Devel. Stud. 32 (2004) 283-307.
44. World Bank, The East Asian Miracle: Economic Growth and Public Policy (Oxford University Press, 1993).